moving out of the city, where to go?

[Andrew Malina]

hey guys, If you were to start building a portfolio from scratch, which city/state would you pick if you had a choice? I live in NYC, have one property (3 family) with decent cash flow. my wife and I are really tired of the city and want to move out. I really like North Carolina for quality of life and property prices. Could anyone give me an advice which locations are best for rental and if it is a good idea at all? what other locations/ states should I consider? here in NYC it's super easy to rent anything for good $. Is there a big demand for rentals lets say in charlotte or around? is it possible to mortgage properties and have decent cash flow? thanks for any advise

[Mike D'Arrigo]

@Andrew Malina It depends on what your objectives are. If your primary objective is cash flow and ROI which I presume for rentals it is, I personally think Kansas City and Indianapolis are the two best cash flow markets in the country today. I've been active in those markets since 2010 and love them. There are several cash flow markets, particularly in the Midwest but what I like about Indy and KC is not only do they cash flow well, the have strong economic and demographic fundamentals such as job and population growth. Some of the other popular cash flow markets have very stagnant jobs and populations. Others have like Dallas, Phoenix and Atlanta have strong job and population growth but low ROI. The chart below might be helpful.