Canadian Investor, looking into USA market

[Brandon Hall]

Hello Everyone, I've been snooping around the boards for sometime and finally thought I would introduce myself as I'm interested in investing in the USA Real Estate market. 

A little about me:  I work in the Oil and Gas Industry up in Northern Alberta, Canada. I work as a project coordinator on large projects of $100+ million.

In the last year I have purchased two houses 5 minutes out of Downtown Calgary. One house I bought and rented out immediately, the other I lived in and renovated the basement into a suite before I rented it out. Now I'm looking for a third.

I have begun to realize that the market is way to expensive to get quality cash flow properties. I have two houses (4 units total) that are generating a good monthly return but I know I can get a lot more bang for my buck going south.

For example the average MLS sale price this month in Calgary is $482,113.

I also understand that it's next to impossible to get a mortgage as a Canadian in the states so I'd be looking to purchase properties with cash. I also have a few investors that would be interested if the right deal came up and I was not able to finance it on my own.

I'm really just starting my research as to where I would like to invest and I'm interested to hear of any other areas you might suggest. 

[Reno Rendon]

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