Seeking advice on evaluating new regions to invest in

[Scott Orkus]

I'm looking for some advice on how everyone evaluates a new city or region to begin investing.  I've done a lot of homework on strategies I want to begin using in 2024, but still struggle with determining a region of the country that makes the most sense.  

[Min Zhang]

Hello Scott,

First things first, start your search by checking out different cities or regions that match up with your investment goals and strategies. Keep an eye out for places with robust job growth, a growing population, and a stable economy. It's all about finding that sweet spot that aligns with what you're aiming for. And remember, it's okay to take your time and really dig into the details. 

I prefer to start in the midwest, because the entry point is much lower and cash flows the best. As long as you develop your Core 4 like David Green’s mentioned in his long-distance investing strategy (realtor, contractor, property manager, and lender), you should be able to invest anywhere with confidence. I buy in Columbus, Ohio. Columbus has experienced so much growth for the past few years, partly due to the influx of tech giants like Intel ($20 billion), Meta, Amazon, and Google building warehouses and data centers in the area, which has contributed to an increase in property prices and more people moving into the city for job opportunities. I also invest in Cleveland and Dayton. Let me know how I can help!