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Updated over 2 years ago, 03/30/2022

User Stats

13
Posts
7
Votes
Joe Lee
  • Investor
  • Long Island, NY
7
Votes |
13
Posts

OOS investing -- cities with appreciation & low real estate taxes

Joe Lee
  • Investor
  • Long Island, NY
Posted

Hello! 

I would like to get into my first real estate investment and have been doing some research. It seems finding cash flow deals is slim-to-none, unless I'm looking at war zone areas where entry price is low but rents are high, and so I've pivoted to focusing on appreciation with the expectation that rent would cover all expenses + a little extra. With my focus shifted, I'm trying to find cities/towns that fit certain criteria. 

1. high growth and appreciation

2. max spend of around 200k

3. low, or at least u.s. average, property taxes

I'm looking for turnkey but prefer not to buy someone's flip

I've seen cities like Boise, Chattanooga, Jacksonville thrown around but I'd like to know if there are any specific neighborhoods within cities that I should be looking at. Please let me know if anyone has any suggestions! I am literally open to anywhere in the u.s. 

Also appreciate any general advice for a first time investor.

Warm regards,

Joe

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