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Updated about 14 years ago on . Most recent reply

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14
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Vince Chaudhuri
  • Wholesaler
  • Chicago, IL
1
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14
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Where would you move to if you had to start new??!!

Vince Chaudhuri
  • Wholesaler
  • Chicago, IL
Posted

Hey guys,

I will be graduating in 5 months and was considering moving. To that end, where is a good place to move to if one wanted to get into the business of real estate,ie flipping, wholesaling, etc. I am currently in washington dc where the taxes are like 7%. I was considering moving to either chicago, texas, washington state, etc. I went to pharmacy school so (knock on wood) there are plenty of jobs in numerous locations.Please advise on where would be a good place to start. Thanks for the advice!!!

Most Popular Reply

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5,700
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
3,499
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5,700
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Replied

Robert- I'm switching gears a little bit. I moved to FL to buy sfrs. They are a pain to buy.. I'm now trying to find a home for some significant funds. I'd buy a batch of reos in the right area and amounts. I also would buy TX apts if I could steal them.

Vince- I like TX overall and so TX especially. It has the lowest home median price in the state. It has a city across the border of 1 million people. That is where all the plants moved!. It has a new super highway (#69) going right through so. texas area on its way to Canada. It has the winter texans moving there each year and many stay. It has amazing buying power because of hispanics across the border and older winter texans- and they have LOTS of money. There is also unrest in Mexico and lots of Mexiacans from Monterey are buying 2nd homes in S. Tex.
All of these reasons make rio grande valley the # 1 rated area for appreciation for three years in a row. Rich in TX.

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