First Post - What markets are worth investing in in the Southwest?
Real estate investor newbie here. I live in CA and am looking to invest out-of-state in a SFH to rent long-term. I've been trying to decide between Henderson NV, Tuscon AZ, Albuquerque NM, and maybe El Paso TX.
I'm interested in Henderson for its proximity and AZ because I have family there, but am hesitant because I've heard that cashflowing properties are non-existent/extremely hard to find.
Anyone had success in the last 2 years in Southwestern states and what real estate strategies are best suited for the area?
@Edison Chadwick I have been investing in Albuquerque since 2016, and have seen a lot of success there. Of course, it's harder to find good deals at the moment with the high interest rates.
I also have partners investing in Tucson, which is another great market.
There will be cash flowing deals you will have to deploy more capital to see cash flow. NV is a good state to invest because of the landlord friendly laws and low property taxes. In the Reno, NV area there are still cash flowing deals. It's a more expensive entry than the Vegas area but will likely not appreciate as fast.
