Where in the US should I live?

Member since 2022 · 4 posts · 11 votes

Hi everyone!

I am a teenager from Sweden who finish school soon. There are multiple reasons for me to move to the US, the main reason however is real estate since Sweden is a very socialism country the government taxes everything. I want to move to a place where I can buy cheap rentals with stable cashflow. I also want to have kinda nice weather since Sweden is like living in a refrigerator with a broken lightbulb:)

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James Wise

Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes

Quote from @Bruce Woodruff:

Quote from @Tchaka Owen:

Congrats on the degree. You do your numbers, I'll do mine. And if you dig into the 'happiness quotient' you'll see the reason. Just let the poor Swedish dude come here and buy RE without throwing your politics out there....
Peace, bro....

We've got a dude in Sweden who is being told what Sweden is like by a dude who read about Sweden in a book on a college campus in the US. This debate isn't going to go anywhere folks. Moving on.

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Sebastian Warg
OP
Member since 2022 · 4 posts · 11 votes
4y
Quote from @Sebastian Warg:

Hi everyone!

I am a teenager from Sweden who finish school soon. There are multiple reasons for me to move to the US, the main reason however is real estate since Sweden is a very socialism country the government taxes everything. I want to move to a place where I can buy cheap rentals with stable cashflow. I also want to have kinda nice weather since Sweden is like living in a refrigerator with a broken lightbulb:)

0 Reply
Steven Foster Wilson
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
4y
Quote from @Sebastian Warg:

Hi everyone!

I am a teenager from Sweden who finish school soon. There are multiple reasons for me to move to the US, the main reason however is real estate since Sweden is a very socialism country the government taxes everything. I want to move to a place where I can buy cheap rentals with stable cashflow. I also want to have kinda nice weather since Sweden is like living in a refrigerator with a broken lightbulb:)

Hi Sebastian,
I recommend the major cities in Ohio:

-Columbus, great for appreciation, pp is a bit higher around $220k for multifamily https://learn.roofstock.com/bl...

-Cincinnati, has a mix of cash flow and appreciation, with average multifamily around $180k. https://www.noradarealestate.c...
-Cleveland, has a lot of cash flow potential, average multiform around $140k. https://learn.roofstock.com/bl...

There are other smaller markets like Dayton, Akron, and Newark, and we are starting to see these areas boom due to huge investors and corporations like Intel choosing to set up shop in these kinds of areas.
Ohio has all 4 sessions which can be very nice. You can sometimes even have all 4 on the same day. It would be a great market to start out in with the high demand for housing and affordable living.
2 Reply
Sebastian Warg
OP
Member since 2022 · 4 posts · 11 votes
4y
Thank you this was very helpful!
0 Reply
Matthew McKee
Real Estate Coach · Boise, ID · Member since 2022 · 177 posts · 285 votes
4y
There are so many great markets to get into! It’s hard to give advice without knowing what you’ll find fulfilling.
Some markets to consider avoiding due to unreasonable landlord laws:
Las Angeles
San Francisco
New York
Maine
Portland
Seattle
This isn’t a comprehensive list and I’m sure others will quote and add to it!
Congrats on moving to the greatest country on earth!
0 Reply
Michael Smythies
Real Estate Broker · Seattle, WA · Member since 2022 · 62 posts · 68 votes
4y
Quote from @Matthew McKee:

There are so many great markets to get into! It’s hard to give advice without knowing what you’ll find fulfilling.
Some markets to consider avoiding due to unreasonable landlord laws:
Las Angeles
San Francisco
New York
Maine
Portland
Seattle
This isn’t a comprehensive list and I’m sure others will quote and add to it!
Congrats on moving to the greatest country on earth!

Hi Matthew,
I'd be curious to hear your take on unreasonable landlord laws in Seattle specifically. I am a real estate investor in this area and am considering moving outside of Seattle due to this same reason. Could you highlight some specific reasons why the landlord laws here are 'unreasonable'?

Thanks!
0 Reply
Matthew McKee
Real Estate Coach · Boise, ID · Member since 2022 · 177 posts · 285 votes
4y
Quote from @Michael Smythies:

Quote from @Matthew McKee:

There are so many great markets to get into! It’s hard to give advice without knowing what you’ll find fulfilling.
Some markets to consider avoiding due to unreasonable landlord laws:
Las Angeles
San Francisco
New York
Maine
Portland
Seattle
This isn’t a comprehensive list and I’m sure others will quote and add to it!
Congrats on moving to the greatest country on earth!

Hi Matthew,
I'd be curious to hear your take on unreasonable landlord laws in Seattle specifically. I am a real estate investor in this area and am considering moving outside of Seattle due to this same reason. Could you highlight some specific reasons why the landlord laws here are 'unreasonable'?

Thanks!

Ah, @Michael Smythies you're right, that was misleading. I was referring to potential legislation that would effect STR. Though I think with the high price point of the Seattle greater area it wouldn't be the best market for what @Sebastian Warg was looking for.
Hope that clears things up.

1 Reply
Aaron BreckenridgePro Member
Technology · Dallas, TX · Member since 2022 · 493 posts · 313 votes
4y
What do you define as “nice weather”? So much of the US has beautiful summers and relentless winters, or mild winters with oppressive summers.
0 Reply
Sergey A. Petrov
Real Estate Consultant · Seattle, WA · Member since 2022 · 1k+ posts · 784 votes
4y
"unreasonable landlord laws" are an opportunity as far as I am concerned. Things change, regulations evolve, life advances in some direction. If you keep up, you become an expert in a narrowing field because people don't like change. So, they end up going to a place where "regulations are reasonable" (translated to "something I am used to and have done for a long time") and stay there for a bit until those "regulations" catch up with that area. I remain active in Seattle and can navigate the ever-changing guidelines in my sleep. Some of my clients and friends sold their holdings, bought elsewhere, and are now realizing the return just isn't the same whether it is less cash flow or lack of meaningful appreciation.
3 Reply
Jon Martin
Member since 2022 · 1k+ posts · 1k+ votes
4y
There are opportunities for better weather and cash flow in lots of places. Some more information would be helpful:
-Are you looking to avoid cold and snowy conditions entirely, or are you ok with cold rain and maybe the occasional snow storm?
-What do you like to do for fun, in other words do you have any hobbies?
-What size city do you want to live in?
-Are there any other opportunities or fields of work you are looking to pursue while you are here?
Great thing about the states is we have something for everyone!
1 Reply
Manco Snead
Investor · Spokane, WA · Member since 2015 · 238 posts · 133 votes
4y
Why would you move here? Exploitative health care system, no real wage increase in decades, some of the highest obesity rates in the world, poor education system (= uneducated people), gun culture everywhere. I'll move to Sweden and you can have my spot in the US. Even some people from poor countries move here and end up being shocked at the realities of America. America has been very successful in advertising itself for many decades, but the ad is, at least partially, a facade. There is opportunity here and no famine, but it's not all rosy like the real estate tv shows suggest.
4 Reply
Sebastian Warg
OP
Member since 2022 · 4 posts · 11 votes
4y
@Jon Martin
I do not mind if it is a bit cold, it is the swedish darkness I want to get away from.
I am really into sports, mostly soccer but I like the NBA to.
I want to live in a city with good opportunities but not as big as New York or LA for example.
I do not have a certain proffecion.
Thank you for the answer!
1 Reply
Jon Martin
Member since 2022 · 1k+ posts · 1k+ votes
4y
The Southeast states would be a good fit for you. Florida, N/S Carolina, etc. Lots of mid-sized cities in close proximity to each other with a wide range of price points and investment opportunities.
2 Reply
Adam Lacey
Investor · Castle Rock, CO · Member since 2018 · 297 posts · 159 votes
4y
@Sebastian Warg its sunny almost every day in Denver. Real estate is more expensive here than some midwest or southern places but people are still moving here, which I think will help insulate the area from a major correction.
We also have soccer and an NBA team.
1 Reply
Matt Bishop
Rental Property Investor · Dallas, TX · Member since 2020 · 161 posts · 88 votes
4y
@Sebastian Warg, a home in a neighborhood you want to live in may be a thousand miles away from the best investment property. the northern United States are maybe not the climate, ripe with opportunities and standard of living you would want to start a new life in.
0 Reply
Patrick DruryBusiness Member
Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
4y
@Sebastian Warg
I would definitely recommend Columbus OH. It's a solid hybrid market of cash flow and appreciation and It has very landlord-friendly laws.

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
4y
Pacific northwest in some of the rain shadow areas like Wenatchee. Pretty much east side of the cascades or Seirra range will get you cheaper and fun place to live I have to assume your used to beautiful scenery and outdoors.. the mid west is not going to give you that by and large.. thats why its so cheap.
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Jon Martin
Member since 2022 · 1k+ posts · 1k+ votes
4y
Quote from @Jay Hinrichs:

Pacific northwest in some of the rain shadow areas like Wenatchee. Pretty much east side of the cascades or Seirra range will get you cheaper and fun place to live I have to assume your used to beautiful scenery and outdoors.. the mid west is not going to give you that by and large.. thats why its so cheap.

For the PNW I like Walla Walla as a live in investment opportunity, especially if going to school. if the STR requirements weren't so stiff it would be a no brainer for that with the university and all of the wineries.
1 Reply
Julie Nguyen
New to Real Estate · Member since 2022 · 7 posts · 1 vote
4y
huntington beach, ca :)
0 Reply
Jon Martin
Member since 2022 · 1k+ posts · 1k+ votes
4y
Quote from @Julie Nguyen:

huntington beach, ca :)

Great place with great weather, but not for "cheap rentals".
1 Reply
Julie Nguyen
New to Real Estate · Member since 2022 · 7 posts · 1 vote
4y
Quote from @Jon Martin:

Quote from @Julie Nguyen:

huntington beach, ca :)

Great place with great weather, but not for "cheap rentals".
ahhhh i totally overlooked that comment! 😅
1 Reply
Eliott Elias
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
4y
Austin Texas
0 Reply
JD MartinBusiness Member
Moderator
Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 16k+ votes
4y
Quote from @Sebastian Warg:

Hi everyone!

I am a teenager from Sweden who finish school soon. There are multiple reasons for me to move to the US, the main reason however is real estate since Sweden is a very socialism country the government taxes everything. I want to move to a place where I can buy cheap rentals with stable cashflow. I also want to have kinda nice weather since Sweden is like living in a refrigerator with a broken lightbulb:)

You don't have to move here or live here to own real estate here. Lots of people own US real estate and live all over the world. Personally, I don't like it (I don't believe non-citizens should be allowed to own RE in the US) but that's the way it is. You could own a rental in Cincinnati or Kansas City or Topeka or Albany or Augusta from right there in Sweden, without ever even setting foot in the US. All you need is money to buy it, an agent to manage the purchase for you, and a PM to manage the asset as a rental after purchased.
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Carlos Ptriawan
Member since 2019 · 7k+ posts · 4k+ votes
4y
Quote from @Manco Snead:

Why would you move here? Exploitative health care system, no real wage increase in decades, some of the highest obesity rates in the world, poor education system (= uneducated people), gun culture everywhere. I'll move to Sweden and you can have my spot in the US. Even some people from poor countries move here and end up being shocked at the realities of America. America has been very successful in advertising itself for many decades, but the ad is, at least partially, a facade. There is opportunity here and no famine, but it's not all rosy like the real estate tv shows suggest.

Yeah, at this time of year, August 2022. I'm questioning someone from a western developed country to move to USA. I said someone not too long time ago even if your country is South Korea, don't just move here, your quality of life is much better in Seoul.

The homelessness situation, the criminal situation, and the division of people in politics are actually much worse than in any Asian third-world country.

If today is still August 1995, yes migration to US from East Europe maybe good. But it's 2022.
0 Reply
Jordan MoorheadBusiness Member
Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
4y
@Sebastian Warg where have you visited in the US? I always recommend people live where they want and figure out investing later. Most likely you can invest where you live but if not you can invest where it makes sense and love where you live.
Also what are your goals for investing? You won't find massive appreciation and great cashflow in both spots.
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Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
4y
Quote from @Sebastian Warg:

Hi everyone!

I am a teenager from Sweden who finish school soon. There are multiple reasons for me to move to the US, the main reason however is real estate since Sweden is a very socialism country the government taxes everything. I want to move to a place where I can buy cheap rentals with stable cashflow. I also want to have kinda nice weather since Sweden is like living in a refrigerator with a broken lightbulb:)

I would check out Ohio. We do not have the best weather but we do have cheap real estate
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