"Which out-of-state cities are good for investing now?"

[Celine Li]

Hi everyone,

My name is Celine, and I live in Los Angeles. I've been learning about real estate investing and am ready to take action on my first out-of-state property using the BRRRR method (with plans for short-term rentals). I have enough cash to invest and am considering cities like Indianapolis, IN; Cincinnati, OH; Cleveland, OH; Atlanta, GA; and Charlotte, NC.

I’m looking to purchase houses around $300K, with the intention of fixing them up. For experienced out-of-state investors, where have you invested? Which cities and areas do you think have the greatest potential for appreciation?

Thanks in advance for sharing your insights!

[James Hamling]

@Celine Li I am curious if, before posting this, you clicked on the search function in top right, and tried looking up this subject/ answer/ question???? 

I truly feel a need to understand your process, because this question seems to get asked almost hourly. And yes, that's a rather accurate measure. 

The question comes with various customized details but it's the same answer over-n-over again, to such a degree that answer-burn becomes a very real thing. 

Which means for those later asking, they won't get the kind of care of answer the earlier persons get. 

So I gotta know, did you try that? If not, why not? Maybe you were not even aware of the function? Or was it too complicated or frustrating to complete a search that way? 

Or did you just directly go to posting? If so, I am curious the thoughts and drives behind that, like, maybe really wanted exact answers to you so thought posting on your specifics was best approach? 

I just want to understand. 

Because a flood of the 1 same question does not do anyone a service on BP. It floods out variety of content, makes for answer burn-out, etc etc.. 

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To answer your question, fact and reality is there is no such thing as a "golden ticket" market. The best market for YOU, is the market that fit's YOU; you're situation, your preferences, you're resources, your knowledge level, you're risk aversion and about 40 other personalized factors to you. 

So start with STRATEGY. 

Develop YOU'RE strategy. 

Than, once you have that, the strategy will describe exactly what market it works in and which it doesnt. 

From there it's just math, the metrics of where best fit's for that strategy deployment. Next is getting to the work of researching that market to confirm viability, building the TEAM, the How-To for strategy. 

If you ask others you will only find out what's best FOR THEM. 

We don't know you, we have no idea how you act under pressure, how much hair a sec8 tenant will have you pulling out or how thick you skin is. It's a very personal thing, it really is. 

If your asking where the profit is: EVERYWHERE. It's literally everywhere, 98.7% of places. All that changes is how to profit and how much. 

Perfection is not a place, it's a process.