Updated 5 months ago on . Most recent reply
What city/ state is heating up?
Looking to start my long distance investing with the BRRRR method or simply buy and hold for single family or small multifamily (2-4) under 250k.
Wondering what cities are looking good out there for low median home price, higher cash on cash (9+%) and an appreciating market.
Been looking at tennesse and still hearing a lot about Ohio? Any others i should be looking at?
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#2 General Landlording & Rental Properties Contributor
- Flipper/Rehabber
- Pittsburgh
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#2 General Landlording & Rental Properties Contributor
- Flipper/Rehabber
- Pittsburgh
hello. this question gets asked a lot. i tend to think this isn't the right way to pick a market. for example, you mentioned your dad is from Detroit. do you go there often? do you have some kind of a network there already? if you don't go there often, are you willing to?
so many investors in HCOL areas pick a random area in the midwest to try to BRRRR in, and just get absolutely crushed. it's difficult to do locally, let alone from a computer thousands of miles away.
and, if you BRRRR, you're not going to get any cash flow. it's an equity strategy.
hope this helps. happy to answer any questions you have. i just finished a very modest BRRRR here in Pittsburgh. would not have been able to do what i did out of state.