Out of State investing
3 Replies
Adam B Henderson
posted about 1 year ago
Hey,
I am looking to start out of state investing and looking for the best place to get cash flow for an all in price under $100k. If you have any one that would be a good referral to help me get started in that area I would appreciate it. Happy Investing!
Vipul Negi
from San Francisco Bay Area
replied about 1 year ago
Art Perkitny
Specialist from Cleveland, OH
replied about 1 year ago
@Adam B Henderson and @Vipul Negi
Here is a document that may help with your search. It lists all the cities within the country over 100k in population and is ordered by median home value.
I suggest selecting a few cities that meet your criteria and then dive deeper into researching the sub-markets that comprise each of them.
The sub-market selection will have more of an impact on price as well as investment performance than the city itself.
If this is your first investment, I don't suggest trying to find the highest cash flowing property however. The reason being that this will likely be in a D/F neighborhood, which will expose you to more risk than needed when starting out.
Hope this helps
Adam B Henderson
replied about 1 year ago
Thanks, I appreciate the link. This isn't my first property I have experience with bad neighborhoods too. Definitely want to avoid that.
@vipul
I am in the Metro DC area. Falls Church,VA to be specific.