Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

1
Posts
12
Votes
Nicholas Vialpando
12
Votes |
1
Posts

Good markets for a new investor

Posted

I’m a new real estate investor and I’m looking for my first deal. The market in Colorado is vary competitive. Where are some places I should look for my first rental property.

Most Popular Reply

User Stats

518
Posts
1,183
Votes
Melissa Justice
  • Rental Property Investor
  • Phoenix, AZ
1,183
Votes |
518
Posts
Melissa Justice
  • Rental Property Investor
  • Phoenix, AZ
Replied

@Nicholas Vialpando,

Totally get it - Colorado can be brutal for first-time investors. Entry prices are high, competition is fierce, and cash flow can be thin.

If your goal is to start building wealth, you don’t have to buy where you live. Many new investors look to Midwest & Southeast markets where you can get cash-flowing rentals at reasonable prices like Birmingham, Columbus, GA, parts of TX, Memphis, Akron & Canton, OH, Tulsa.

Look for turnkey properties so you can start cash flowing immediately. Use a local property manager if you can’t be hands-on.

Start small, focus on cash flow, and scale over time. Your first property doesn’t have to be local - it just has to work financially.

Always happy to chat more about what's worked for other investors. Best of luck!

Loading replies...