Which city should i choose

Question

hi everyone!

I am a foreign investor. I read a lot of articles and i think i am ready to begin. I searched for cities with big population and income and a lot of industries (in the entire usa!). I want to buy and hold. I want to start small and risk just 50k(all cash) for start. My goal is to get passive income of 800$ before expenses and then to build up a team that i can rely on to make more deals. I dont mind waiting for a good deal but i dont know where to start. I need to choose one micro market. According to my search i found out that in dallas,san antonio and austin i can find what i want but i read that clevland ,atlanta and jacksonville are also good for invest. I also saw that rochester mn is the most desirable city to live in. So im confused..:-) how can i narrow down more? Where does the gurus invest in? Thanks in advance!

Lance A White · Answer

We are in the Omaha Nebraska market, and get properties like that all the time. We just purchased a property for $19,899. We will be putting about $20,000 into the renovation and will rent it for $650-700. We have property management company that we have had good success with. Let me know if you want more information.

Ethan Atkinson · Answer

Come down to Atlanta - Look for @Azeez K. and he can find some great property for you.

Mike O'Connor · Answer

Boston is one of the top Markets in the Country and its suburbs provide fantastic investment opportunity. If you are interested in this area, i have a team that can help.

Larry Fried · Answer

@Dorit Graber Hi and welcome to BP!  With the amount you want to invest, $50k all cash, it is going to be difficult to get a property that is of low quality and/or in a bad neighborhood.  Be very cautious.

Dorit Graber · Answer

thank you all!

Walter Key · Answer

If you decide to consider Nebraska, please PM me and I'll pass the info to a great realtor and my property management team.

Walter Key · Answer

Texas is a great choice as is Florida and Georgia. Another place you might want to consider is Nebraska. I have two rentals in the Omaha Metro area and have been very pleased.

Dorit Graber · Answer

thank you! I will keep that in mind :-)

Which city should i choose

Most Popular Reply