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Stuart Schlarf
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Help Choosing a Market

Stuart Schlarf
Posted Jul 18 2019, 23:45

I have worked as a seasonal employee for the past 4 years.  I am ready to buckle down for a few years to focus on building a portfolio of rental properties.  The decision to move to a market instead of trying to invest from a distance is.

1 This will be my first deal.

2 It will be easier to network and learn the market by living in it. 

3 I believe it will greatly boost my ability to grow my portfolio and help me get over the fear of my first few deals by seeing the properties, neighborhoods and meeting face to face with the people I am working with (agents, contractors, etc.).

I am looking to invest this fall in a duplex, triplex or quadplex with the help of a FHA loan and house hacking. I will plan to keep buying properties as deals arise with whatever means necessary (conventional, private lender, partnerships). The region I have been looking in is between Michigan and the Carolina's. I keep researching different cities like Grand Rapids MI, Lexington KY, Huntington WV, Johnson City TN, on down to Florida and I just get lost in the fog of numbers making it so nothing stands out as a great market. Any advise on choosing a market will be appreciated.

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