All Forum Posts by: David W.

Well I'm looking for anywhere in USA with low property tax, population growth, low unemployment rate under $100k etc. I am researching numbers, stats to narrow down to 3-4 areas. Looking to meet in person to bounce ideas!

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Hello!

Thank you in advance for your replies I greatly appreciate it =). I have another post where I asked for great places to invest in under $100k. I received a lot of advice and opinions that varied greatly. I then researched online articles about top cities to invest in and one article was all about Florida and the next article didn't even mention Florida. So it seems that opinion varies VERY greatly and there is a conflict of interest i.e. broker saying their city is the best etc.

How can I do "factual, numbers, stats" only research so I can narrow my search down to a handful of cities i.e. census information etc for the following and please let me know if I am missing anything out important?

Question: Population change - growth
Answer: census.gov

Question: Unemployment rate lowest to highest per city
Answer:

Question: Job growth (this can also follow suit with major companies coming into cities/towns creating growth)
Answer:

Once I narrow to a city I feel more confident in researching crime demographics, walkability score, school scores etc.

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If anyone is in Los Angeles and wants to meet up for a coffee and chat about long distance real estate investing, bounce ideas, search cities etc let me know! I live in Sherman Oaks but down to meet wherever like minded investors.

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Originally posted by @Frank Wolter:

@David Waddleton I average about 22- 35% here in Cleveland. I have partners from Cali. Just be careful who you deal with. No matter how popular they seem. My suggestion is fly out and check out they're system. No matter where you go people try and do take advantage of out of state investors. Good luck

@frank wolter thanks I appreciate it. Where in Cleveland - areas do you recommend?

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Originally posted by @Jeff Wallenius:

Wherever you have the best ground team, plain and simple.

$50k properties are tight, expand to $60-75k and I’ll show you assets in great areas.

Under $100k is my goal so $60-$75k falls in my range!

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Originally posted by @Medi Sarwary:

Just to add to Johns point, were you referring to 100k down? ~4-500k home. This is what I gathered when you mentioned home prices in LA are 700k+. I could be wrong, most people are referring to a 100K total price, if that's what you meant, I would save a bit more before you jump in.

At that range its more of a headache than its worth. Have you thought of Las Vegas? You're relatively close and the market there is quickly growing.

So 20% down on $100k house is what I meant. Looks like Vegas has blown up a little too much. Timing is killer. If I had money back in 2008!

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Originally posted by @John Woodrich:

Originally posted by @David W.:

Nooby question here! Does anyone know where I can find a list of or advise me on the best cities to look for investment opportunities (rental) under $100k? Ideally, I would like to start with $50k property but $50k-$100k is my threshold. I live in Los Angeles and you won't get anything in a safe area for $700k+.

To clarify your question - are you looking to purchase a house for a total of $50-$100k or do you have $50-100k to invest? Are you willing to take on debt?

Hello John, I have the ability for up to $100k and prefer not to do cash as it will tie up my money. This will be my first property out of city/state so I need to be prudent and not risk too much. I am willing to take on debt (mortgage you mean?)

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Thank you SO much, everyone, for your amazing responses. You are truly appreciated =).

Question: How do I do my own research to find suitable cities? Problem with articles and people's opinions as they might not be based on cold hard numbers. So I'm looking to find raw data on the following and if I'm missing some please let me know:

Population Growth

Job Growth

New Companies coming into city i.e. Google, etc

Unemployment Rate

Also want to eliminate states that have high property tax rates, high insurance rates

Then once I narrow I can find areas in the city and use more mainstream info: school scores, walkability scores, crime demographics, etc.

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Originally posted by @Michael Swan:

Right now in NE Euclid, OH and Lake County, OH, I presently have ZERO vacancies out of 120 front doors. Knock on wood!! I am pushing 2br 1bath units to $750.00 for about 900sf, plus $25.00 pet rent, per pet, two pets max.

Those are on 8 apartment complexes total. I also have an LOI out for a 60 unit and a 24 unit in Lake County too. The last 34 unit deal I had was at about $33,000 a door in a solid blue collar hard working neighborhood in Lake County, Ohio. Very difficult to find deals in these areas I invest for Apartment complexes. If you want 1-4 units in these areas, I would get about 8 residential agents with offices in NE Euclid and Lake County to find you these deals, before they get listed on the MLS. Back in 2014-2015 they were all foreclosures, bank owned, short sales etc.. that has all but dried up out there. You need to hustle to find them, before other investors scoop them up.

I leave Mon, Tues, and Fridays available to talk and advise BP members on the phone and just to talk RE from 3;15-6:15 PST. I live in San Diego. Listen to podcast 238 and then reach out to me.

Take care,

Swanny

Thank you Michael. Is there a way I can call you?

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Originally posted by @David Baier:

@David Waddleton

David if you are considering Orlando, Tampa or anywhere in central FL I can absolutely help. I’m a local investor and agent. Orlando is ranked #1 by Forbes and #3 by yahoo as the top place to invest in. As far as other cheaper markets, I saw in an early reply you mentioned Pittsburgh. Pittsburgh has the largest volume of properties available for under 100k. You can find some decent cash flowing properties there but they will be older properties. I’ve seen Cleveland and Indy come up multiple time in several articles about cheap properties as well. The biggest benefits of the FL market, especially central FL and Orlando is the appreciation we are seeing which isn’t slowing down any time soon.

Thanks. I have seen Orlando come up several times. I feel that now I have to find a way to verify this info by doing my own research but at this time I don't know how. Do you have any advice on how to narrow the country down by using raw data such as Employment growth, population growth, big companies coming into cities providing economy growth, etc?

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All Forum Posts by: David W.

David W. has started 29 posts and replied 133 times.

Post: Los Angeles Connections

Post: Facts Only Research Advice - Long Distance Investing

Post: Los Angeles Connections

Post: Best Cities to invest in under $100k

Post: Best Cities to invest in under $100k

Post: Best Cities to invest in under $100k

Post: Best Cities to invest in under $100k

Post: Best Cities to invest in under $100k

Post: Best Cities to invest in under $100k

Post: Best Cities to invest in under $100k