Newbie Wondering Where I Should Invest?

[Tasha Beal]

I am currently a senior in college and am giving thought about where I want to live once I graduate in May. I want to invest in buy & hold properties with good cash flow. I have heard Austin is a great place to live, but is the market there already too saturated? I want to pick a good real estate city because I'd love to invest full time. Where would you invest if you could move anywhere?

[Zachery Buffin]

It may sound a little stodgy to say this but if you tactic is buy and hold then you have to be thinking about tax rates and state income taxes. Tennessee has no state income tax and is one of the absolute lowest property taxing states in America. Add to that the appreciation in the main cities of Knoxville, Nashville and Memphis and the incredible tourist/renter community coming through here and you have a great money making opportunity. I think it is perhaps the best state in America right now for investing in real estate as far as being able to keep most of your money and find deals. 

Hope my shameless plug didn't put you off but I whole heartedly believe Tennessee is the way to go if you don't care where you end up after college. My office is choked full of Texans who migrated up!