Advice please! New investor, here...

[Sarah Greene]

Thanks for reading my post. After a year of intense savings, I'm ready to invest in my next property. I will move into a single family home to get a 5% down loan while renting my first house. I estimate I can have 20% down on a 150k investment home within three months after buying the 5% down home. I own a home in Colorado but as I'm working remotely, I want to invest where it's a lower point of entry so I can acquire properties more quickly, saving and investing and moving, mostly single family homes in B areas near STEM hubs. I will be using property management services for all of my properties. I guess my question is, if you could invest in property anywhere in the US not bound by location, where would you choose if your goal is 💯 to replace your income and gain financial freedom? Suggestions and recommendations on my strategy? Help is so appreciated. Thanks again you guys.

[Alicia Yoder]

@Sarah I would suggest doing some demographic research. Investing success in my opinion is directly correlated to job supply/growth. What is your target market demographic wise? What kind of jobs are they seeking? Where are these jobs at? Decide your end user then research where appeals to them wether it’s jobs, entertainment options, costs of living. I am from a small town in TX and my target market is 25-40 year olds with degrees. I find most of this group gravitate towards bigger cities like Dallas, Austin and Houston. Smaller cities don’t offer my demographic decent paying jobs so they leave and never come back. What my small town does have an abundance of however is low income renters. There’s a market supply everywhere but you need to just narrow down what you want that market supply to look like. Hope that helps! U.S Bureau of Labor Statistics is a good place to start!