Frustrated Boston area investor here! I've been doing some research and I'm loving these south coastal states. It seems like theres a lot of economic growth in certain areas of Central/western Florida, Columbia SC, and Atlanta GA. I'd love to hear others opinions, though.
Is the attention these areas are getting making it impossible for investors to get deals close to 1% of rent to price ratio? My ideal scenario would be to attack fixer uppers in one market and turn it over to a management team. Am I sleeping on other areas that would be better with less competition? Are there any sleeping giants with great cash flow, but also potential booming economic factors?
I'd love to hear anyones experience in potential emerging markets.
San Antonio, TX is a market where you can still find 1% SFR or close to it, if you know where to look. We actually get a lot of investors that are leaving Florida to come here. I know it probably looks like I'm biased, because I'm in this market, but really I moved to this market in large part for the favorable real estate environment.
Interesting @Joseph Cacciapaglia. I wouldn't be surprised if Florida was too hot of a market, and investors are staying ahead of it. Would love to hear from a Florida investor