@Dean Iodice I used to live in Clarksville, Tn...about 40 minute drive from Nashville....if you're looking at Memphis, I also recommend looking at Nashville...possibly even Clarksville...not sure where it stands now, but a few years ago Clarksville was in the top 3 growing cities in the nation. I'v seen some pretty amazing deals around there. Like this one I missed out on when i was in college.... Her mother passed away....Owner Financed - Asking 35,000 - Terms 5,000 down 600/month...this was a 3 story victorian style home with 3 APARTMENTS IN IT, in a college town!!! Someone had the cash...4 months later its gorgeous and all 3 apartments are rented out for $1500/month. So i TOTALLY RECOMMEND INVESTING IN TENNESSEE.
Speaking on South Florida, First off its not a very large area in terms of land compared to other areas in the country, so with this in mind I don't know that i would say its a bad area to invest in, but i do think that a seasoned investor would do much better here than a newbie, simply bc i think its safe to assume they would have the network/financial backing to move quickly on deals... It also depends on the neighborhood and the type of investing you're doing...flips - buy & hold - airbnb, apartments, etc. For example, an Airbnb on Miami Beach is going to turn a lot more profit than an Airbnb in a single family neighborhood next door to a school...granted it will probably cost more, but that's where the math comes in to make sure you have a good deal... This is also why it is important to know the market, and what type of investing you want to do.
I've been here almost 2 years now....I've noticed that Homestead is growing pretty rapidly. There's a lot of new neighborhoods being built, land for sale as well as established neighborhoods with homes that need help.
@Chrissy Parsons thank you for the advice! I'm planning on using Post Card Mania - I believe they provide lists...have you heard of them? What do you think of them?
