If you can move to any states and not have to worry about jobs and other logistics. Which states would you want to go to start your real estate investments?
I see decent numbers in some midwest cities for buy and hold. I think your question shouldn't be state specific, but rather, metro area specific. There are wide differences between different metros and urban/rural divides for lots of states.
Attorney · Skokie, IL · Member since 2016 · 270 posts · 109 votes
7y
@Jim Goebel - Exactly. Real estate markets are highly localized, so I wouldn't even hazard a guess by state - rather, when I'm discussing opportunities with some of my investor clients I encourage them to focus on the city/municipal demographics. How are the employment/population/home value growth metrics looking? From there, we can dig down into the likely yield on the rental investment - which can be quite high in midwestern cities where you can get a good price on a residential property. And never forget about TAXES! Some places in the NorthEast and NorthWest have double-digit aggregate property tax rates, which can really eat into the value of your investment.