All Forum Posts by: Jordan Myer

I would be careful using Zillow for rents. Zillow is a great tool but their algorithm can be off, especially in the current rental market - rents are dropping and time on market is increasing.

My recommendation is to use websites like rentometer to gather rental comps. I would also recommend using the lower end of the rent spectrum while the market is slow. Definitely worth reaching out to local property management companies for market advice too.

1 Vote

Detroit, Michigan

Quote from @Crystal Lo:

Hi there BiggerPockets community,

I currently reside in Los Angeles, CA. I'm interested in purchasing my 1st house out of state as a long term investment and would rent it out. My budget is $400,000 and can put 20% down. I'd also like to partner with a property manager since it'd be out of state. However, I'm stuck on what city to invest in. I'm considering Dallas, TX or Denver, CO, but I'm open to anywhere and want to do further evaluation. I'm not sure how to start my analysis process so I would love any advice and resources. Thanks in advance!

Why not Kansas City?

Not only are we one of the hottest markets in the country, but we also have LOTS going on! Between the Chiefs multiple super bowls (and the Kelce/Swift hype), the 2023 NFL draft, World Cup in 2026, new women's soccer team (KC Current), downtown baseball stadium in the works, Panasonic building a new facility, etc.

Kansas City will also give you a lot of bang for your buck too

2 Votes

Los Angeles County, California

All Forum Posts by: Jordan Myer

Jordan Myer has started 0 posts and replied 82 times.

Post: First time landlord end of Lease issues, please help.

Post: New to out of state long term investing