All Forum Posts by: David W.

I see a lot of out of state investors asking about midwest cities, but then I also hear a lot of people say there are still plenty of opportunities in places like CA, FL, TX, etc. Ironically I've heard St. Louis investors talk about how this market isn't that great and suggest looking outside STL. Wondering how much of this is the "grass is always greener" effect. Also wondering if investors are going to start moving away from metro to mid-size markets in the 40k to 100k population range.

California opportunities? Maybe Salton City or Mohave Desert but not anywhere close to desirable areas i.e. Los Angeles under $100k.

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Originally posted by @Jack Bobeck:

Florida not even in the top 50 of the Realtor.com’s 2018 Top 10 Hottest ZIP Codes

Always look at the data!

This is very conflicting. I have read other articles where numerous cities i.e. Orlando in top ten but this one is not. How do I do my own research. Easy to say find cities with pop growth, growing companies with job opps but where do you go to find this info?

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Originally posted by @Matt Nusbaum:

@David W.They are out there (midwest) but I'd maybe look for a turn key provider to help you out as well.

@matt Nusbaum: Thanks! What do you mean by a "turn key provider?"

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Originally posted by @Ali Boone:

What kind of property are you wanting to buy? Something you want to put work into or more turnkey?

Hello Ali,

Well I want to start simple and build up speed. Not take too much of an investment when I still have my training wheels on. Ideally apartment complexes but I think starting with a house, then 4 plex then who knows. So house seems to be ideal about $100k max and need to get a solid cap rate 10% +. Here in LA you are lucky if you get 3%!

So far honing in on Orlando, Phoenix, Indiana (not sure where but keep hearing it) and gonna pick a few more. What are your thoughts?

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Originally posted by @Spencer Cantrell:

@Tinley Jones Hi, I live in Wyoming and I'm new on Bigger Pockets. My wife and I have a 4-plex out of state that we have never seen and are finishing up our second flip property. I am looking for another multifamily property and really like the Indianapolis area. I've heard good things about it, but have no idea who to contact as a realtor or property manager. Do you have any recommendations?

I am starting to see Indiana over and over again as a top 10 place to invest in rental. Orlando was ranked number 1 in some article I read. I see Florida multiple locations. Just need to do research and hone in =)

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thanks =)

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Hopefully, the Long distance Real estate investing book will have some insight. I just started it but so far it is saying you don't need to walk by the property, you don't even need to see the property in real life. All the information is from crime demographics, walkability, school ratings, population, jobs etc but I just started it so I don't know how to apply it all yet.

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Seems like from this chat that "Atlanta" is a repeat. Does anyone know what area in Atlanta is recommend? Just trying to narrow down some areas to start researching. I live in Los Angeles and although I have a house in a working-class area it cost me $650,000! So need to find props like the guy originally posting with same budget in mind =)

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Originally posted by @Jay Hinrichs:

@Jonathan Gilkeson absolute last place I would buy buy and hold I small properties Is TEXAS

you do not benefit from no state income tax.. property taxs are off the charts and soil conditions almost always assure you of major repairs in a given 5 to 10 year hold

Many many other markets that are comparibale.. and do not have these inpediments I see Texas as a locals market so they can take advantage of no state income tax.

So then what cites "do" you recommend?

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All Forum Posts by: David W.

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

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?

Post: Best Cities to invest in under $100k

Post: Best Cities to Invest?

Post: Best Cities to Invest?