Out of State Markets and Buying
Good afternoon,
So I am starting out, my business partner and I just launch our company. We living in Rhode Island and the market has slim pickings, there are currently 8 multi families for sale in the whole state. MF's are our business focus and we are wondering what strategies ya'll have for out of state investing and what markets are people looking at currently? Also, we are open to just general advice about out of state investing, or books that are a great help.
Markets that we have looked are FL, KY, TX WI and RI.
Thanks in advance!
Most Popular Reply
Hey Matt, the Midwest has a lot to offer investors but the best city depends on what you want. For steady income, Cleveland's a great choice with good cash flow potential. On the other hand, if you're looking for appreciation, Columbus is booming with population growth and a strong economy. Also, its best that you have a system in place, your Core 4 will be a big help when investing out-of-state. All the best!