I have about 175K to try and grow my capital. I currently live in California, so naturally there really isn't too much available around where I live. I'm thinking areas like portland, Vegas, and phoenix as places that are possibilities that are relatively close to me. Any suggestions?
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175k is plenty of $$$ to flip wherever you live in CA. Think about areas close to you. When I started I lived in San Francisco and was buying/flipping in Sacramento, it worked.
We're killing it here in Tampa.
Got more properties than REAL buyers though! Seems like 9 out of 10 calls I get are from wholesalers or people trying "No Money Down" techniques.
We've been doing well buying REOs and then reselling them to rehabbers.
Depending on what part of Sacramento you are looking $175k is plenty to buy and flip a property. Granted it won't be enough for downtown/midtown but other parts you should be fine. Even with sticking with on market mls deals there are a plenty.
If you want to stay in California, take a look at Riverside county, there are several good deals there to be found within your price range.
@Brandon Brown I agree with those that say to invest close to home. Once you have a big operation with contacts in a few city then expand.
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