Best states to buy SF homes in?

[Shawn Phillips]

Which states are the best to buy my first SF home to start my BRRRR process? Factors like lowest property taxes, increasing population, median household income, low house prices, appreciation rates, etc...

[Michael K Gallagher]

@Shawn Phillips I'm currently doing an FHA Duplex house hack in Columbus OH. We are in South Of Main, bought it completely flipped and redone for $318K, we get $1250 rent for the other side, so my "share", if you want to call it that, of the mortgage is $650 a month, even with a $200 a month PMI, this still made my cost of living way less than the $1350 mortgage I was paying out in the burbs. So my point is, don't be put off by the PMI, if the numbers work for your situation go for it. You can always refi out to conventional later on.

We got an appraisal of $340K a year later, which was November 2019. So roughly a 7% appreciation in a year...seemed pretty decent to me.   

And another huge plus for Cbus at the moment is that most areas just outside of downtown that are "up and coming" are coming with 10 year full tax abatements...so we are talking like $900, maybe less, a year in property taxes.  So for me that again was a huge selling point as I was paying almost $4K a year in Dublin.