1% properties around Columbia
I've been trying to get into out of state investing for a while, and last year I did some zip code level analysis across the country looking for areas that have single family homes that might meet the 1% rule of thumb. I just redid my analysis and 3 zip codes in the Columbia area popped up that looked interesting. Specifically 29073, 29209 and 29229.
I'm specifically looking at single family homes that make sense to keep as long term rentals. Being able to find properties at a discount to do a value add would be nice (eg to enable a BRRRR). Then finally areas where there is both population growth (so likely long term appreciation), and areas with a fair bit of owner occupied housing stock.
Is anyone active in these areas? Any words of wisdom or things to look out for?