These Are The Places Where Investors Are Buying

[Kody Bybee]

Hello everyone I'm new here and I'm hoping I can provide some value to some of you with this spreadsheet.

I've compiled a list (with info pulled from listsource.com) of the top 5 states, counties, cities, and zip codes for single family and multi family homes bought by absentee owners (assuming these are investors) in the last 6 months. Included are extensive statistics about Texas, New York, Florida, California, Arizona, Pennsylvania, Ohio, and Utah.

https://docs.google.com/spread...

I am planning to add an average price and ARV for each of the zip codes listed.

In his book 'Finding and Funding Great Deals', Anson Young classifies these areas as "Hotbeds of investment activity", and talks about why it is a good idea to invest where others are.

I am considering moving out of Salt Lake City to a less expensive market more suited to cashflowing rentals and/or flips. This info is helping me decide where best to invest and I hope it can help others as well. I'm open to any critisism, suggestions, or any general advice for newbies.

P.S. I was surprised to find NY and CA in the top 5 but I think the reason might be price drops due to a decline in desirability in metro areas, and investors are taking advantage of the deals. I would love to hear another perspective on this. 

[Dave Poeppelmeier]

I guess my question is do you feel you have to move and house hack to be able to invest? Moving across the country, especially with knowing anyone, is a HUGE leap of faith. I was lucky when I moved to Seattle in that I turned one luke-warm connection into a social network of good friends, but that was very fortunate. You can invest in many areas of the Midwest with much less money than you would need to do in SLC and not have to move. I would add Toledo to your list of affordable places in the Midwest if you're looking for good cash flow and low entry points. But if you're looking for a great life adventure, then go for it! Buckle down, save a good down payment for a duplex/triplex, put a strong offer in and do it! Moving across the country and giving myself a fresh start was one of the best things I ever did. I hope this helps.