Where should I buy my first rental
Hi guys! I’d love your help!
I’ve lived in the USA for 5.5 years in San Francisco (4yrs) and I’m currently living in the Boston area (1.5yrs). As you know these are expensive areas to invest, so I’m looking to invest out of state.
I’ve been researching lots of states (Texas, Nevada, Mass, Connecticut) and cities (Phoenix, Atlanta, Salt Lake City) but I feel so overwhelmed with the choices! I have $45k to use as a down payment and closing costs. Ideally I’d like a four plex.
I have been looking at cities with a growing population, multiple industries and low unemployment.
I would appreciate any guidance you may have to help me narrow down my state and city search. Please share your insights and any articles you may suggest I read.
I am ready to invest and would love to buy my first rental property within the next 1-3 months!
Thanks in advance for your feedback.