Picking a location for investment property

[Evan Rekowski]

I am a college student looking to start buying properties once I graduate, and I’m doing my research on good cash-flowing properties to invest in, as well as homes or duplexes that are on the lower side of the average median home price. I’m having trouble deciding where I should be looking and what metrics I should focus on when trying to make a decision on where to move.

My current options are Texas, North Carolina, Arizona, and Wisconsin (where I live now). These seem like good options, but I’m curious to hear what experienced investors think about these states. It would be greatly appreciated if someone who has gone through something like this before could share what they used to make the decision to move to the area they’re investing in.

I appreciate the help,
Evan

[Allie McAlister]

Hey Evan! 

Love that you’re starting early — that’s such a huge advantage. A lot of new investors overthink where to start, but the best move is finding a market with solid cash flow, landlord-friendly laws, and good property management in place.

I’m an agent in Memphis, TN, and it’s been a great market for newer investors because the entry prices are lower, rent-to-price ratios are strong, and you don’t need a massive budget to get started. Many of my clients buy here from out of state while still finishing school or starting their careers, since they can build a team locally and stay hands-off.

Happy to share what typical numbers look like here and how people analyze deals from afar — no pressure at all, just happy to help.

Best of luck!