All Forum Posts by: Matthew Kalifeh

I tried out a few areas and fell in love with Austin as soon as I came here but it had everything I was looking for. I recommend going to a few areas and thinking about where you have connections.

Hey Jordan,

Thank you so much for giving me your feedback. I have noticed the trend of people telling me to move to their city. I am currently a student at Alabama, and am from the Mobile Al metro area. I want to get out of Alabama for 5 or so years at least! I have drilled in my brain that REI is the way to financial freedom, so I am truly open to going wherever if it means cash flow. I really like Charleston SC, because I have a few connections up there and its near the water, although the cost of living is higher than average. It is also not too far from home. The majority of my connections/students either move to Atlanta, Dallas or Nashville, or back to Mobile/Birmingham. Out of the three, Dallas is the one that I would really want to move to. I saw multiple people talk about the midwest area on this discussion. I would love to build a portfolio throughout the midwest, and not live there, if you get what I'm saying. I just do not have enough experience or capital to pay a property manager. Still looking for my first house hacking opportunity, which will be wherever I end up.

Thanks,

Matthew

1 Vote

Quote from @Matthew Kwan:

HI Matthew! It depends what you are trying to achieve right? Do you value cash flow or appreciation more?

Numbers are more doable in the midwest where you can acquire units for a lower cash and might get 1% or more of return. However, the rents are slightly lower and could potentially wipe out your monthly cashflows with one major repair.

As for higher appreciation market like West/East Coast, it's more expensive, but rents are higher due to a strong labor market, there will be a certain amount of demand for those markets, but the downside is that you will need to be creative by adding more values for the property. It could be adding an extra bedroom, parking space, or kitchen where you can maximize the potential rent of the property.

@Albert Bui @Carlos Valencia

I value cash flow over appreciation. Thanks for everyones responses!

0 Votes

Hello BP,

I am currently an undergrad student with 2.5 semesters left (Finance Major RE Minor) I have read many books and have listened to many podcasts on RE investing so my mind has been set to do this for a while now.

I plan on investing long-distance eventually but am looking to move to an area that has a strong RE market that I can invest in sooner rather than later, and lots to offer for young people. I have done plenty of research and taken multiple "Which city should I move to based off personality" quizzes and get different answers every time.

I am going to house hack as soon as I can, and want to start in wholesale and eventually move into rental properties.

Does anyone have any suggestions?

Also, no California or New York or anywhere where the cost of living is on the outrageous side.

Thank you so much.

6 Votes

All Forum Posts by: Matthew Kalifeh

Matthew Kalifeh has started 1 posts and replied 4 times.

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