Out of state markets

[Darian Norris]

Looking to get a conversation started on choosing an out of state market.

The market where I live isn’t the best for cash flow. With that being my main goal in finding buy and hold properties it’ll be a better use of time to look elsewhere.

Hoping you all can help me out without a few suggestions on what to keep an eye on when researching and comparing markets?

I'm looking for a duplex or triplex that I can use the BRRRR strategy and start creating some financial independence.

Thanks!

[Frank Wong]

Hi Darian,

You need to pick a state and city by working backward. 

Look at how much you have to invest with. This will tell you what markets will work for you. Then you can see what is listed and sold in your price range. From there you will get a list of markets that you can invest in.

Once you know that you need to work on your process of analyzing and finding deals.  Picking the right market is actually not that important.  You can make money in any area as long as you know what you are doing. 

Good luck