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Updated over 3 years ago on . Most recent reply

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I'm ready to start investing in Single family homes or multi's

Posted

Hey everyone, I want to start and I have been searching for properties in South Carolina and I'm looking at house hacking, The problem I am running into is how do I know an area is a good area to start my real estate journey in since I see real estate all around.  I have been using the BP renter calculator and so far the properties I am choosing seem to provide between a 9-10% cap rate, any advice would be great on how to know if a location is good.

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Grace Wang
  • Realtor
  • Denver, CO
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Grace Wang
  • Realtor
  • Denver, CO
Replied

@Johnathan Watkins the best ways are connecting with other local investors or talking with an investor-friendly real estate agent about best areas. Chatting with people who are doing what you’re wanting to do is the best way to find out! A good first step is checking on meetups.com or in the “network” section of BiggerPockets to find meetups and agents. Good luck!

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