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Updated about 4 years ago on . Most recent reply

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Aaron Butler
  • Investor
  • Lake Bluff, IL
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Best city to get started for new investors?

Aaron Butler
  • Investor
  • Lake Bluff, IL
Posted

Hi all, 

My fiancee and I are planning to move next year and start our real estate investing journey. We are currently living in Illinois and we know this is not where we want to start. We have stay at home jobs and are not tied down whatsoever to any specific location. Our plan is to get a multifamily property with a FHA loan, and move onto the BRRRR method. We don't want to start in any super expensive places, but want to be in an area that has a lot of future growth potential.

We would appreciate any thoughts on this, thanks!

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Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
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Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
Replied

Hi @Aaron Butler, welcome to the BiggerPockets forums!

If you literally have no preference and are only looking through this lens then I would say a resounding:  Puerto Rico.

Tax benefits thrown at you, island life, massive opportunities for adding value, access to US Gov'ment financing, rainforest and beach. 

Otherwise I might say . . . rural Northwest Arkansas would be a pleasant spot.  

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