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Updated about 5 years ago on . Most recent reply

User Stats

18
Posts
15
Votes
Rachel Cutler
  • New to Real Estate
  • New York City NY, United States
15
Votes |
18
Posts

Best cities for long distance real estate?

Rachel Cutler
  • New to Real Estate
  • New York City NY, United States
Posted

I am reading David's Long Distance real estate book, watching webinars, listening to podcasts, etc. and am open to investing ANYWHERE with about $20K cash. I want to start analyzing properties, but I don't know where to start looking.  So my question is how do I pare down the search...there are too many options!  What steps should I be following next?

Most Popular Reply

User Stats

5,028
Posts
2,573
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
2,573
Votes |
5,028
Posts
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

With about $20k you can afford to buy a $70,000 property to account for the down payment and closing cost.  There are several markets where you can find good rentals: Memphis, Kansas City, Cleveland, Birmingham, and others.

If you are looking for turnkey you might research the operators in those markets. If you are looking to hire a Realtor, get with one of the BP Premium listed realtors for those markets. BP has a list of them as a realtor with knowledge of the rental market will be important.

Good luck! 

  • Curt Davis
business profile image
Curt Davis - KAIZEN Realty
5.0 stars
38 Reviews

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