New Investor - Which market to pick?

[Account Closed]

Hello,

My name is Jason and I'm a new real estate investor. I'm having trouble deciding on a market as this is my first purchase. I plan to purchase a MRH in order to Brrrr. I'm familiar with the following areas either be because of college, friends, or family.

- DC/Alexandria, VA
- Blacksburg, VA
- Richmond/Henrico, VA
- Gainesville, FL
- Austin, TX
- San Antonio, TX
- San Francisco, CA (I live here)

I'm willing to look outside those markets, but would love to hear reasons behind that.

Thank you

[Jay Hinrichs]

Columbus ohio..  just beating all the Columbus brokers to the punch :)  

personally I like Las Vegas for west coast investors.. 

1. some of the lowest property tax rates in the country 

2. desert scape  super easy for tenants to keep up with .

3. newer stock  not 50 to 100 year old stuff that is cap ex heavy.  IE stucco siding tile roofs etc. 

4. no state income tax

5. super easy to get to  200.00 round trip from SFO and only takes about 65 minutes.

6. fun place to go.

7. buy nicer areas that have strong rents..

when you run ALL the numbers  tax's  cap ex  on going maintenance you will find you can spend more get a very nice quality home that performs as well as homes that appear on paper to have better numbers..  PS I dont have anything to sell you and its just my experince of owing there and in 15 other states.