Newbie from New Jersey! Hmm Which market should I target???

[Tracey F.]

I live in Jersey City, NJ and work in NYC in the IT profession. My real estate experience is limited to purchasing my primary residence but have always tried to keep up with my local market. I am really impressed with this forum—the people, content, webinars, podcasts, you name it! Great job guys!

One of my favorite podcast is #233 featuring Arianne Lemire. Her story really spoke to me and gave me courage to get started! I am looking forward to connecting with you and hopefully as time goes on I can help someone reach their goals as well.

Speaking of goals, mine is to retire within the next 2.5 years! As to my “Why” it’s all about family and friends and serving my community more fully. To reach my freedom number requires a portfolio of 20 properties (Single Family Homes). Interested in cash flow not so much appreciation.

Here is where I need help: which the following markets would be a good place to start?

• Indianapolis
• Toledo
• Jacksonville
• Detroit

Open to advice, ideas and recommendations. Thanks for reading to the end!

[Raymond Y.]

Tracey, I was in your position only a couple months ago. Like yourself, I wanted strong cash flowing properties and I ended up purchasing a duplex in Allentown, PA. The Lehigh Valley is only 2 hours away and offers strong CAP rates with low purchase prices. On top of that, property values have been increasing dramatically the past couple of years. I would recommend checking out Lehigh Valley.