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Updated almost 6 years ago on . Most recent reply

Account Closed
1
Votes |
7
Posts

What market would you implant yourself into?

Account Closed
Posted

If one were to have 6 figure equity, not many ties, other than family, to current location, some handyman type qualities, some real estate knowledge... Where would you choose to relocate for good investment opportunity? Not one to invest from afar, and like the idea of live in flip/live in brrrrr

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Patrick Snyder
  • Real Estate Consultant
  • Lansing, MI
306
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356
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Patrick Snyder
  • Real Estate Consultant
  • Lansing, MI
Replied

@Account Closed  If it's me and I'm starting over, having the working knowledge and BP info, I'd be sure to choose a spot that's growing, reasonable in terms of cost, and has favors landlords (assuming you want to have long-term rentals).  I'd also like to keep taxes as low as possible. States like Tenn., Texas, Florida, Nevada may be a good start.  I'd also research cities that have a relatively low property tax rate since that eats up a major portion of your cash-flow.  Cities like OKC, Indianapolis, Kansas City, Memphis, and Atlanta might be solid choices too.

Where are you now?

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