I am close to finishing my first house hack. I had to do quite a bit of rehab on my side of the house. But, the good news is I am almost finished and the market keeps going up in my area. The and bad news is I live right outside of Boston. The goods news is I know the area and economy well. Also, many have said Boston is somewhat insulated from any market downturns. This is due to the many hospitals and schools in the area. The bad news is the cost to buy anything around Boston is sky high. And I am thinking I could turn a HELOC into multiple out of state properties as opposed to one in Boston.
My question is this: How does one find another city to invest in that is somewhat safe? If there is a correction coming, how can an out of state investor invest safely? How do you guys find cities where to invest out of state?
JOBS JOBS JOBS look for in migration and jobs.. Like Charleston SC 40 plus people move in every day. Portland Oregon 100 people move in every day.. these are net gains.. on top of those that are born pass away or move away.. so the population Is growing.
Just look at all the companies moving to SC and specifically the Charleston area.
Mercedes sprinter van
Volvo manufactor cars and still under construction thousands of jobs.
Hi tech in software
tourism 2 nd most popular destination behind Orlando
Old money New York / Boston / really cool.
Portland over flow from CA number one west coast in migration city state.. not enough houses to house people.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing