Updated over 14 years ago on . Most recent reply
Dumb Question Maybe
Hi,
After hours and hours of reading about buying a rental investment for the purposes of holding it for 5-10 years then selling at a nice healthy profit hopefully. I am totally overwhelmed as to what state I should select. So many choices.
I have looked at Florida, Arizona,Georgia, and Nevada. What state do you feel in your opinion is a state that can offer a nice cash flow and nice future appreciation according to your GUT and still be able to find properties under $45000us for cash buyers at this time?
This is in your opinion and I will take it as that only, I am just curious what your gut says to you.
Thanks
Peter
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#3 Guru, Book, & Course Reviews Contributor
- Investor, Entrepreneur, Educator
- Springfield, MO
Missouri, because that's where I am. If you are starting out, look in your own back yard. While some hold properties far away, that will take trust in others where the property is. Read about Property Management companies here on BP, there are some good ones, there are many more that are not. You'll probably do better assessing an area you know and understand your market than some place else. My 2 cebts.