Hey Wasim,
Welcome to BP! Congratulations on taking your first steps. I just want to defend my home state in response to @Robert Reynolds's post.
Robert,
I agree with you, appreciation results in building wealth. Buying in markets like SoCal, Denver, Austin, etc will give you that appreciation! That being said, in my humble opinion buying for appreciation may not be the best first investment for most people. Deploying all of your capital in one deal will result in slow growth. Instead I recommend buying for cash flow in areas like IN and the rest of the midwest where your money will go farther and a couple BRRRR's to redeploy that money in a market that appreciates historically at a faster rate. That will result in the investor having a few stable cash flowing property (Midwest) and a long term hold asset that probably wont cash flow very well but appreciates well (SoCal).
