Updated almost 8 years ago on . Most recent reply
Out Of State Market
Hi all!
I am a new investor from Northen California and no significant savings but have just started my 50k/year job at 22 years old. The market here is so expensive that I want to explore options elsewhere. What would be some good markets for someone from my area?
Most Popular Reply
Hi Cody! Well it won't be a question of what markets will be good for someone from your area, the markets will need to be based off your budget. So it will depend on how much you have to invest. Once you get that going, then you can dive in deeper to options. For planning, you can get some great properties in the Midwest or the like for $75-100k. You can always get cheaper ones, but you'll be increasing your risk the lower you go. So on those price ranges, you'd be looking at 20% down for a mortgage. For planning.