Up and coming cities to build a rental portfolio

Real Estate Agent · San Bernardino, CA · Member since 2019 · 22 posts · 11 votes

Hello All,

I am a realtor from southern california and managed to save funds and am looking to invest out of state. Ive been googling what cities to look out for where my money can go a long way and bring a return. I would appreciate if anyone o can tell me what cities you are currently investing in and any other ones i should have my eye on. I thank you in advance for taking the time out of your busy day to help me!

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Gabriel GraumannPro Member

Real Estate Broker · Phoenix, AZ · Member since 2019 · 165 posts · 100 votes

@David Iniguez Employment controls growth for all areas. If jobs are being created in MULTIPLE industries, not just one or by one employer, the rest of the local economy reaps the benefits creating overall growth. Do your homework by tracking census data, jobs reports, and trends related to a 1,3,5, and 10 year intervals to see if a market is truly growing or not. Getting individual investors or members thoughts on a specific community is fine AFTER you have spent the time filtering the employment and growth data, but don't start with that. All you are getting is opinion without much if any actual research and data to support the opinions. If you liken it to stocks, I doubt you'd invest serious cash in a company simply because someone else said it was a "hot stock", you'd do you research to determine WHY it was a hot stock. Good luck.

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Daniel Haberkost
Rental Property Investor · Colorado Springs, CO · Member since 2018 · 682 posts · 729 votes
6y
@David Iniguez
Personally, I like Pueblo West, CO. It's substantially cheaper than the rest of the state, has great healthcare, warm weather year-round, great mountain views, several golf courses, low taxes, and a huge reservoir for boating/fishing. I'm working with several builders/investors down there on a number of projects and am looking to have a duplex built for myself there next year. It's a great place for retirees (A LOT are coming from California and other expensive markets).
6 Reply
David Iniguez
OP
Real Estate Agent · San Bernardino, CA · Member since 2019 · 22 posts · 11 votes
6y
Originally posted by @Daniel Haberkost:
@David Iniguez
Personally, I like Pueblo West, CO. It's substantially cheaper than the rest of the state, has great healthcare, warm weather year-round, great mountain views, several golf courses, low taxes, and a huge reservoir for boating/fishing. I'm working with several builders/investors down there on a number of projects and am looking to have a duplex built for myself there next year. It's a great place for retirees (A LOT are coming from California and other expensive markets).

I appreciate that very much i will do some research! Right now i have my eyes on Birmingham and Montgomery Alabama as well as memphis. I will be checking out pueblo west thank you!

1 Reply
Greg ParkerBusiness Member
Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 670 posts · 536 votes
6y
Let me know if you need any info on Montgomery.
[email protected]
MGM Property Pros LLC
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1 Reply
Robb Colley
Real Estate Broker · Montgomery & Orange Beach AL · Member since 2018 · 9 posts · 11 votes
6y
My team specializes in the Montgomery Single Family & Multifamily market. Let me know if we answer any questions about the market.
2 Reply
Daniel Haberkost
Rental Property Investor · Colorado Springs, CO · Member since 2018 · 682 posts · 729 votes
6y
@David Iniguez
No problem, and let me know what you think!
0 Reply
David Iniguez
OP
Real Estate Agent · San Bernardino, CA · Member since 2019 · 22 posts · 11 votes
6y
Originally posted by @Greg Parker:
Let me know if you need any info on Montgomery.

Hi Greg i would appreciate an insight on neighborhoods and zip codes how can i contact you?

1 Reply
David Iniguez
OP
Real Estate Agent · San Bernardino, CA · Member since 2019 · 22 posts · 11 votes
6y
Originally posted by @Robb Colley:
My team specializes in the Montgomery Single Family & Multifamily market. Let me know if we answer any questions about the market.

Hi Rob, Lets connect.I need a strong agent in the area. How can i contact you?

0 Reply
Greg ParkerBusiness Member
Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 670 posts · 536 votes
6y
PM for info.
[email protected]
MGM Property Pros LLC
View Page
0 Reply
Joseph Back
Rental Property Investor · Montgomery, AL · Member since 2017 · 277 posts · 221 votes
6y
@David Iniguez I am an investor down here in Montgomery, AL and would love to chat with you about the market. PM me and I can share some more info about the city and what kind of price points/returns to expect.
2 Reply
David Iniguez
OP
Real Estate Agent · San Bernardino, CA · Member since 2019 · 22 posts · 11 votes
6y
@Carly Stewart
Carly thank you so much for the information do you have a link to your website? Or to download the software you mentioned.
0 Reply
Peter Philando
Rental Property Investor · Hollywood, FL · Member since 2015 · 156 posts · 93 votes
6y
Originally posted by @Carly Stewart:
When I first got my start, I was also struggling to figure out where to buy out of state as my home city (Chicago) was too expensive.

Realizing there was a need for this information, I partnered with others to develop Real Data Genius, a platform that allows real estate investors to find new cities and to get data on the markets they are considering.

I think it could be extremely helpful for you as you are trying to find an area to invest in. The Find a City feature, which is completely free, allows you to filter for cities based on key data points such as average rent, rental percentage, rental vacancy rate. You can also get detailed data (housing market, rental market, demographics, etc.) for any cities that end up on your short list.

I went to the website. How is the Find a City feature free? The only option I see to sign up is to choose one of the 3 paid memberships

1 Reply
Kiera Underwood
Real Estate Agent · Oklahoma City, OK · Member since 2019 · 956 posts · 600 votes
6y
@David Iniguez you'd want to look to OKC for a stability/cash flow play. It will appreciate it, but very slowly. That's not to say it's not on the rise, just a slow rise!
However, because it doesn't have big peaks it won't have big drops in recession. Especially in our B and C class areas, our rentals hold their rent rates through downturns. So, you're looking at solid long term rentals, long term cash flow and in 15 years you can cash out!
5 Reply
David Iniguez
OP
Real Estate Agent · San Bernardino, CA · Member since 2019 · 22 posts · 11 votes
6y
@Kiera Underwood
Thank you so
Much I never would have thought about OKC I will definitely be doing my research thank you!
1 Reply
Trisha Highland
Member since 2019 · 1 post · 0 votes
6y
Hi Carly, I would love a link to that software as well if possible. Thanks!
0 Reply
Charles M.
Montgomery, AL Investor · Member since 2018 · 171 posts · 56 votes
6y
Next week (Per My Mentor) I'll have the green light to reach out to buyers looking for value add properties. The subject property is located in a HIGHLY Desirable area. And I'm direct to seller/owner of record.
0 Reply
Rashonda Montgomery
Member since 2019 · 37 posts · 9 votes
6y

0 Reply
Preslie Hicks
Member since 2019 · 11 posts · 4 votes
6y
Hey David! I am currently investing in my local area of Newport News, VA and it's surrounding cities. I am noticing a lot of new businesses' coming into the downtown area and seems as if the path of progress will head that way! There seem to be quite a few lots for sale to build or foreclosures in the area to renovate and rent or sell as that area cleans up!
0 Reply
Rashonda Montgomery
Member since 2019 · 37 posts · 9 votes
6y
@Robb Colley:
Hello Rob - Are you Montgomery SFH & Multifamily properties buy and hold or flips?

0 Reply
David Iniguez
OP
Real Estate Agent · San Bernardino, CA · Member since 2019 · 22 posts · 11 votes
6y
Originally posted by @Charles M.:
Next week (Per My Mentor) I'll have the green light to reach out to buyers looking for value add properties. The subject property is located in a HIGHLY Desirable area. And I'm direct to seller/owner of record.

Hi Charles i would love some more information please PM me.

0 Reply
David Iniguez
OP
Real Estate Agent · San Bernardino, CA · Member since 2019 · 22 posts · 11 votes
6y
Originally posted by @Preslie Hicks:
Hey David! I am currently investing in my local area of Newport News, VA and it's surrounding cities. I am noticing a lot of new businesses' coming into the downtown area and seems as if the path of progress will head that way! There seem to be quite a few lots for sale to build or foreclosures in the area to renovate and rent or sell as that area cleans up!

Hi Preslie, I appreciate the insight! are you seeing any multi family or apartments in pre foreclosure ?

0 Reply
Charles M.
Montgomery, AL Investor · Member since 2018 · 171 posts · 56 votes
6y
Originally posted by @David Iniguez:
Originally posted by @Charles M.:
Next week (Per My Mentor) I'll have the green light to reach out to buyers looking for value add properties. The subject property is located in a HIGHLY Desirable area. And I'm direct to seller/owner of record.

Hi Charles i would love some more information please PM me.

Sure

0 Reply
Alyssa Dyer
Rental Property Investor · Oklahoma City, OK · Member since 2017 · 1k+ posts · 694 votes
6y
@David Iniguez It's probably once a week I hear an investor say .. OKC? I've never even been to OKC! Haha, but our population is steadily increasing, our cost of living is insanely low and we rank quite high on quality of life indicators! Not to mention that we've been called recession-proof and that we provide the most bang for your buck for rentals and property ownership - via Forbes! For 90k you can get a B class rental that has net cash flows of $150/month. That's factoring in maintenance and vacancy! It's tough to beat.
2 Reply
Mike Higgins
Rental Property Investor · Green Bay, WI · Member since 2014 · 36 posts · 20 votes
6y
@David Iniguez I live in Green Bay Wisconsin and have been having good returns here. As well as I have a very close friend and help him with his rentals and fix and flips and he is primarily in Milwaukee Wisconsin. Seems like the numbers are much better here in the Midwest and in Milwaukee especially we are finding a lot of out of state investors.
If you need me to look at a deal I would be happy to do so. No strings attached of course, just as a part of helping the BP community.
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David Iniguez
OP
Real Estate Agent · San Bernardino, CA · Member since 2019 · 22 posts · 11 votes
6y
Originally posted by @Alyssa Dyer:
@David Iniguez It's probably once a week I hear an investor say .. OKC? I've never even been to OKC! Haha, but our population is steadily increasing, our cost of living is insanely low and we rank quite high on quality of life indicators! Not to mention that we've been called recession-proof and that we provide the most bang for your buck for rentals and property ownership - via Forbes! For 90k you can get a B class rental that has net cash flows of $150/month. That's factoring in maintenance and vacancy! It's tough to beat.

Thats Excellent I greatly appreciate all the information im definitely going to take all this consideration.

1 Reply
David Iniguez
OP
Real Estate Agent · San Bernardino, CA · Member since 2019 · 22 posts · 11 votes
6y
Originally posted by @Mike Higgins:
@David Iniguez I live in Green Bay Wisconsin and have been having good returns here. As well as I have a very close friend and help him with his rentals and fix and flips and he is primarily in Milwaukee Wisconsin. Seems like the numbers are much better here in the Midwest and in Milwaukee especially we are finding a lot of out of state investors.
If you need me to look at a deal I would be happy to do so. No strings attached of course, just as a part of helping the BP community.

Hi Mike,
I appreciate you taking the time out of your day to reply !
Ill definitely look at some property in Milwaukee and Green bay and send them over for your opinion!
If you need anything in SoCal do not hesitate to ask!
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