Its been awhile since I've posted as I took the last year off to travel and take it easy after my last group of flips projects in Boise.
I'm in a position now where I would like to get started again in RE and looking for a new investment market/home base to do that in. I'm currently back in Northern CA and was in Boise, but don't plan to get started in either market.
I'm ready to start buying and holding as well as finding a place with a great quality of life for myself. I'm single with no family, about 250k to work with, and an additional 2k/month from a side business that takes up none of my time. I'm really looking to commit to an emerging market for about 4-6 years and maybe move on to a new one. We will see about that though.
1. Somewhere with low to no state income tax.
2. Somewhere with prices near or under $100k (as I have $250k to start with and would like to work on a few projects at a time)
3. A large (1/2 mil+) metro area with smaller surrounding towns (as I personally enjoy living in a small town, but like to conveniences and investment opportunities of a city)
4. Somewhere progressive, healthy, outdoorsy, and young. (I'm a 33 year old, leftish, whitewater kayaker, and do a lot of yoga if that helps)
5. Somewhere with good weather at least most of the year. I still plan on traveling most winters, but would also prefer not insanely hot/humid summers.
Basically, I'm just looking for ideas for places with a good quality of life, low cost of living, low entry to investment properties.
Hopefully I'm not being to vague.
Looking forward to what you all have to say.
Well Scott, it depends what is on your list of priorities at this time. If its good weather then Cali, Atlanta and Colorado is where you want to be. If you want be in a progressive left area then the good parts of the East and West Coast states is where you want to be. If you want to make good returns on your investments then the Midwest (Ohio, Indiana and Illinois) is your best bet. So tell us what is on your top most list of priorities and we will give you an idea where you want to be.
Ok. Lets put the real estate opportunities at lower price point at the top of the list. I'm well aquatinted with what the expensive parts of the country bring.
So, I'll rephrase to say...
What emerging cities can you recommend with a low price point, good cash flow, as well as a good quality of life, strong outdoor community, and progressive thinking.
Carbondale is a college town located in southern Illinois. Huge student housing opportunities as well as the rest of the gamut. We hold our monthly meetings in Marion, IL about 10 minutes away.
You should look at Chattanooga or Knoxville. Tennessee has no income tax and most of the other traits your looking for. They would both put you close to a lot of outdoors activities too.
@Rob Drum undefined
Both of those are near the top of my list right now. Thanks for that insight.
@Scott Rist - western Colorado. Growing university, outdoorsy, temperate climate (compared to front range Denver or mountains), still affordable, definitely not "leftist" - but emerging... Grand Junction is the "city" with many small towns within 100 miles or less. Oh, and absolutely beautiful scenery!
@Scott Rist you said you did some Re before and wanted to get back into it. Out of curiosity what kind of projects where you doing.
I have flipped 4 houses on my own and own a rental in Boise.
I also worked for my Father for many years flipping houses in CA and helping with His rentals.
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