Planning on leaving Los Angeles. Any advice for good cities/state

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Planning on leaving Los Angeles. Any advice for good cities/state

Vincent B.
Rental Property Investor · Los Angeles, CA · Member since 2017 · 10 posts · 5 votes

What’s a good state to move to to start investing in real estate?

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Lane Kawaoka
Rental Property Investor · Honolulu, HAWAII (HI) · Member since 2011 · 4k+ posts · 2k+ votes
4y

Birmingham, Atlanta, Indianapolis, Gary (IN), St Louis, Huntsville, Phoenix/Tempe/Mesa, Kansas City, Memphis, Little Rock, Indianapolis, Harrisburg (PA), Greenville, Jacksonville, Tampa, Houston, San Antonio, Little Rock, Milwaukee, Cincinnati, Dayton, Cleveland, Ohio, or other secondary or tertiary markets.

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  • Kerry Noble JrPro Member
    Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
    4y

    The midwest and south will definitely make your money stretch

    4Reply
  • Scott E.
    Contractor · Scottsdale, AZ · Member since 2010 · 2k+ posts · 3k+ votes
    4y

    I don't have a great suggestion of where you should move but definitely avoid Phoenix. Average temperature 135 degrees 9 months out of the year. High crime rates. Lots of traffic and pollution. Cost of living high. Gas prices are $18 per gallon. It's awful out here.

    :)

    6Reply
  • Patrick DruryBusiness Member
    Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
    4y

    @Vincent B.
    The midwest is a great place to start. I would definitely recommend Columbus OH more specifically. It's a solid hybrid market of cash flow and appreciation. Columbus has lots of job opportunities and population growth. I currently live and invest here in Columbus OH. Also, your money can go a lot further as mentioned by @Kerry Noble Jr  in Columbus OH vs Los Angeles since the cost of living is substantially less. 


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  • Michael Dumler
    Real Estate Agent · Atlanta, GA · Member since 2020 · 1k+ posts · 1k+ votes
    4y

    @Vincent B. your move is going to be entirely dependent on your profession and investment goals. Needless to say, different cities are going to provide different job and real estate opportunities.

    2Reply
  • Eliott Elias
    Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    4y

    Austin Texas! So much growth and opportunity here

    1Reply
  • Colton Hahn
    Specialist · Member since 2021 · 322 posts · 273 votes
    4y

    Depends what your goal is. We exclusively buy in the midwest and have 6k doors here over a few states. We like it because there are properties with plenty of value to be had, with very solid foundations in terms of rent growth, job growth and income growth. 

    We look for areas that fit those criteria, but everyone has different goals in mind. Best of luck!

    1Reply
  • Zachary Inman
    Specialist · Indianapolis, IN · Member since 2021 · 312 posts · 282 votes
    4y

    Depends on your goals, but my home market is Indianapolis, Indiana and it's absolutely thriving; there are many CA/NY investors flocking here. I almost don't want the secret getting out because then you will beat my offers haha

    2Reply
  • Ryan KellyBusiness Member
    Real Estate Broker · Austin, TX · Member since 2018 · 1k+ posts · 1k+ votes
    4y

    Marfa, TX. Land for miles, and miles, and miles.............

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  • Lucia Rushton
    Realtor · Dallas - Fort Worth Metroplex, TX · Member since 2016 · 1k+ posts · 925 votes
    4y

    @Vincent B. What’s your day job ? In my opinion you can pick a great city to invest in but one what does not satisfy your personal or family living needs.

    0Reply
  • Joshua JanusBusiness Member
    Realtor · Cleveland, OH · Member since 2021 · 1k+ posts · 1k+ votes
    4y
    Quote from @Vincent B.:

    What’s a good state to move to to start investing in real estate?




    Columbus, Ohio is a great market to invest in. The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here. The appreciation rate in Columbus has been 8% higher than the national average over the last year. Tech companies are continuously moving here and establishing a footprint in Columbus as well. Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.

    https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/

    Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs.

    https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-care

    Here are a few more recent investments

    https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0

    https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus

    Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.



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  • Manaury Marte
    Member since 2019 · 17 posts · 4 votes
    4y

    Chicago is an amazing market

    0Reply
  • Tony Antonelli
    Rental Property Investor · Member since 2019 · 33 posts · 78 votes
    4y

    please just remember why you left.

    6Reply
  • Jonathan Leach
    Member since 2019 · 1 post · 0 votes
    4y

    @Vincent B. jonathanleach.palmerhouseproperties.com Atlanta

    0Reply
  • Bruce WoodruffPro Member
    Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
    4y
    Quote from @Scott E.:

    I don't have a great suggestion of where you should move but definitely avoid Phoenix. Average temperature 135 degrees 9 months out of the year. High crime rates. Lots of traffic and pollution. Cost of living high. Gas prices are $18 per gallon. It's awful out here:)


    Same with Northern Arizona. It's even hotter up here, and everybody carries guns.....
    2Reply
  • Vincent B.
    OP
    Rental Property Investor · Los Angeles, CA · Member since 2017 · 10 posts · 5 votes
    4y

    @Kerry Noble Jr thanks for the info will definitely look into it

    0Reply
  • Carlos Gonzalez
    Investor · Phoenix, AZ · Member since 2015 · 346 posts · 170 votes
    4y

    @Vincent B.

    Phoenix, casa grande, Tucson.

    0Reply
  • Nick GiulioniPro Member
    Rental Property Investor · Carmel, IN · Member since 2016 · 1k+ posts · 615 votes
    4y

    Hi Vincent, I'm from California but I have started my real estate journey here in Indianapolis. Now, I have more than a hundred doors. I would love to help/share my experiences and chat with you more if you're interested.

    0Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    4y
    Quote from @Vincent B.:

    What’s a good state to move to to start investing in real estate?


    It does not matter where you start as long as you develop your Core 4. The core 4 is David Greene’s long-distance investing strategy and consists of a realtor, contractor, property manager, and lender. Once you have this team in place, you should be able to invest in any market confidently.

    As for picking a specific market - I would go after one with an increasing job and population growth. I invest and work in Columbus, Ohio. I am also looking to invest in Cincinnati and Cleveland.
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  • Rick Albert
    Real Estate Agent · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    4y

    I think you need to decide what lifestyle you want and go from there. Los Angeles provides a unique lifestyle of things to do ranging from unique food to hiking.

    Decide what you want and then explore. Every city has its pros and cons. Personally, every time we consider moving we end up back here in LA. You could consider going to Ventura County as a compromise. Rising values and still plenty to do. Worst case scenario, you make the trip to LA once and a while.

    2Reply
  • Manny VasquezBusiness Member
    Real Estate Agent · Orange County · Member since 2022 · 318 posts · 293 votes
    4y

    The answer all depend on a few factors:

    1. I"m assuming you still work for a living.....does your company allow you to work from home?  Or, can you find the same line of work wherever you move to?  

    2.  What activities do you like to do?  Will the new city/state provide for those activities?

    3. What are your RE goals?  (i.e. do you want to have 1 or 2 homes, multi-family, or an RE empire).

    Wherever you decide to end up, go visit that place first, maybe spend a few weeks there to see if that is truly the place where you want to end up.  During your visit there, meet up with as many RE agents as you possibly can (or attend the local meet-up) to determine if you really want to move there.

    0Reply
  • Isaac S.
    Member since 2018 · 563 posts · 562 votes
    4y

    Bruh!!! The MetaVerse of course! Send me a million Bitcoin and I'll give you my entire MetaVerse portfolio. For real!

    Or just use all the sensible smart advice from the other replies...

    1Reply
  • Tim Ryan
    Investor / Mentor / Contractor · Arcadia, CA Buying Out of State · Member since 2015 · 655 posts · 622 votes
    4y
    Quote from @Vincent B.:

    What’s a good state to move to to start investing in real estate?


     Chattanooga, TN

    1Reply
  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    4y
    Quote from @Vincent B.:

    What’s a good state to move to to start investing in real estate?

    Columbus is an awesome market! I am born and raised here. Over the past 5 years I have seen industry & population growth in Columbus explode, and effectively it has raised our housing prices. It is for sure a hot market, but there are still deals to be had. Not to mention our appreciation has been 8% higher then the US national average, because of the high demand for affordable housing.


    1Reply
  • Tony Kim
    Rental Property Investor · Los Angeles · Member since 2018 · 844 posts · 1k+ votes
    4y
    Quote from @Vincent B.:

    What’s a good state to move to to start investing in real estate?

    I think a lot of this would depend on what kinds of things you like, because after all, you will need to love the place you are living in addition to finding a place that is RE landlording friend. 

    My picks would be:

    Toledo, Columbus, and also perhaps some of the middle and eastern counties in Washington (no state income tax!). 

    I've always wondered what it would be like to live in a place that isn't a desert. I love the weather here, but if you've lived here all your life, you often yearn for some bad weather.

    1Reply
  • Jake KnightPro Member
    Property Manager · Indianapolis · Member since 2017 · 303 posts · 146 votes
    4y

    Like many others have stated here, the Midwest has a lot to offer.  This really should boil down to how flexible you are with your work and familial situation.  Midwest is known for its affordability and good educational options.  You'll get all four seasons here and you're within a few hours of other major markets.  Our downtown is flourishing and a lot of investors have moved here permanently or temporarily to start their investment journey.  I've heard we're pretty similar to Columbus, Ohio as well so it seems like there are several options to consider.

    0Reply
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