Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago,

User Stats

8
Posts
10
Votes
Ben Be
10
Votes |
8
Posts

First Property - Long Distance - Picking a Market

Ben Be
Posted

Hi All,

I have resolved to purchase my first rental property (or properties) in the first half of 2022. I am focused on SFH or small multi family, and need to invest long distance. I am looking into both turnkey and traditional properties, but first need to narrow my markets. I have looked at the following, but wanted to get everyone's input:

1. Camden, NJ - former industrial city right outside Philly, fallen on hard times, but enjoying some (very) slow resurgence. Hospitals and schools nearby can help drive appreciation. However, for the time being, crime is very high and i am worried about it being a very rough neighborhood.

2. Wilmington, DE - same concerns as Camden

3. Baltimore, MD - same as both of the above, but at least there is more of a track record for turnkey investments in the area

4. Pittsburgh, PA - considered to be one of the most rapidly gentrifying cities in the country, which improves prospects for appreciation.

5. Kansas City, MO - seems to be a very thick market for turnkey properties.

What do you all think of these markets? Are there others you think I should be looking at? I would like to spend the next couple of weeks vetting and deciding on a market so that I can move on to analyzing deals and ultimately buy a property, rather than continue oscillating between markets aimlessly.

Loading replies...