Updated over 5 years ago on . Most recent reply
1st Investment Property
Hi I live in Los Angeles, so I'm looking to invest out of state. I want to get an investment property in either Indiana or Texas. Indiana has seemed to blow up in the class a and b properties with about 200k. How is San Antonio? I've been trying to find the property tax laws for iut of state investors and such. What areas can I target for under 150k thats move in ready. I would love to do brrrr method but I don't have the cash. If anyone can give pointers, advice and best areas to get the 1% rule, decent cap rate and decent cash on cash return. I'm mainly worried about texas having flood zones. I've also never been to Texas or Indiana. Also do people who rent there prefer 3 bedroom 1 bath SFH more than 1k of living space?
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Under 150k and move in ready?? Good luck with that. You probably have to find something in the rougher parts of town to get there.
The median price is over 250k. Average is right around 300k.
You are probably going to have to buy something in Mississippi or Alabama or Louisiana.