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Updated over 4 years ago,
Investment strategy for upcoming migration
I've gotten about 7 homes in the past decade mainly in linear markets, focusing on cash flow and the 1% RV ratio. I've lived overseas for quite sometime so can't really do the BRRR strategy (or hesitate to from Asia).
The more I see the housing news I'm convinced that there's tons of people that are going to leave San Francisco, LA, New York, etc. They were there for work opportunities and the social aspects of city living (which are more limiting now). I might be missing the feel of actually living in the US so excuse my ignorace on the situation. Here in the Philippines folks are terrified of crowds and leaving their homes.
So I'm trying to move forward with continuing my investment strategy much of which I got from @Jason Hartman podcast Creating Wealth though I've listed to Bigger Pockets (love the success stories there).
Investment Strategy
Single family homes, in smaller/mid sized cities. Linear markets less affected from the economy's ups and downs (cyclical markets). These are quite boring and not in mainstream media like New York and what not.
Landlord friendly states- not wanting to have issues with renters paying or not paying and want to have the ability to get them out if possible.
Section 8? I've got a couple of solid section 8 tenants. Will government housing expand as a result of COVID? That should help these types of investments yea?
3 or 4 bedroom homes- feeling like 4 is going to be more solid now that people need office space and "classroom" space for the kids.
Outdoor space- gardening and fresh air from the "office"
Markets that seem great would be smaller cities in Florida, OKC, KC, Indiana, Little Rock, Memphis, etc.
Are any of you doing more investments in these markets? More than before?
Are any of you keeping investments in LA, SF, NY? Why or why not?
Would love to hear feedback on both sides though I know most of yall aren't big city investors... Or maybe you are haha.