New investor from NYC interested in out of state - Midwest

[Paul Walker]

Hey everyone! New to RE investing from NYC here. I've been planning to invest for a few years, but have not been in a financial situation to do so until now. I work in software sales and recently purchased a primary residence in NYC, but I don't see this being a practical place to build a portfolio long term.

I grew up in Wisconsin just outside of the Twin Cities area. I'm interested in investing in MN/WI/SD/ND/IA/NE as I know a bit about the areas, and have friends and family nearby that I could partner with in the future. In the near term I'm interested in purchasing some single family homes, duplexes, or triplexes to get started. I've found I learn best by just diving into something - and would like to buy a property by next April.

The first thing I'm looking to do is start networking with some investors in the Midwest, and visiting/researching markets to get a feel. Would love to hear from people currently investing in the area!

[Stephen Brown]

Hello Paul. I know you did not mention Ohio but we currently one of the best states in the midwest for out of state investors. We have seen immense foreign direct investment here and many of our cities are growing hotspots for millenials. We have a great healthcare system and an aging population which goes hand in hand. I'd recommend you check out cities like Cleveland, Columbus, Cincinnati, Toledo, and Dayton.