Looking for my next real estate investments

[Wade Wisner]

I am looking for my next real estate investments.

I have been doing fix-n-flips for the past 5 years or so, but that market seems to have dried up. I am looking at more LTR of SF, MF or commercial properties in markets that cash flow well. I prefer under-valued, distressed, poorly managed, properties needing updating/rehabbing in markets where I can buy at a discount and build equity and cash flow for my time and investment. In addition to being a long-term real estate investor I have been a commercial/res appraiser, historic property renovator/contractor, property mgr and more so I don't mind properties with issues as long as they are fixable and priced accordingly, and my investments are all about the numbers (NOI/Equity).

I am trying to determine what markets to search. For my money and having had a number of properties there I think that FL is too boom/bust. Maybe some mid-sized burbs in NC or VA? Want to stay in the middle of the country – not too far north or south. I am wanting to stay under $1.5mm. Any realtors or investors with ideas. Your assistance is appreciated. Thanks for reading.

[Wade Wisner]

Thanks for the information Matthew.  I have done lots of investing in Baltimore when I lived there, but never really considered Phil.  I do have a son-in-law who recently invested in a laundromat in Phil.  I really like to keep a close watch on my investments and living within access to them is the best way to insure the property performs to my standards.  I think that I have had enough big city life and would probably not want to live there as I have not wanted to return to Baltimore even though I could probably find many investments there too.  At this time in my investing life I am a smaller market guy. Thanks again.