What's The Best City For Buy, Fix & Sell ?
Some people might say this is a dumb question, but I am dying to know:
In your opinion, WHAT U.S. CITIES OFFER THE BEST POTENTIAL FOR A BEGINNING REHAB INVESTOR?
Now, I know that with proper knowledge and experience, one can be successful at rehabbing in any city. I also know that most experts will say "just do it in your home town since you're already familiar with the area". My question is more of a general nature, or "all things being equal". Let's pretend you're from another country and you're coming to the U.S. for the sole purpose of buying, fixing and selling single family homes... you have no family, job or anything else that makes you attached to any particular city. Furthermore, you don't mind being in a hot climate or a cold climate... all that's on your mind is the best venue for rehab investment! What city would you pick?
Thanks 
Upstate New York property can be bought low rehabed and resold or keep for rentals. Thats MHO
I sure would like to see some other opinions on this also.
This is America.....land of oportunity..............bottoml line,
a buck can be made any and everywhere.
You dont follow the dollar, you make it......preferrably in the place that you WANT to live....not have to live.
NC_Yank
It seems to me that the southern states are filled with tar papered shacks you can buy cheap and rent for instant cash flow.
Man, Mr-Rehabinator, I kinda resent that remark... lol So, when was the last time you visited our fine city of Atlanta? Memphis? New Orleans? hhmmm Perhaps it's been awhile since you visited, huh?
I won't speak for the Rehabinator - but it sounded like he said that in an "I wish I was there" sort of way. <grin> Atlanta is certainly growing (as are the prices) from what I've heard. That's a good thing. Southern Indiana is being good to me so far - and I'm a transplanted Californian...
-Jeff
your neighborhood. the deals are everywhere you just have to look.
Let me know when you find atlantis too.. I've been looking for that for years also.
its in the rural area of atlanta. look there..........km
thats what i was told that is........thats where i've been looking.....................km
Set me straight if I'm off, but...
Depends on your goals, too. If you rehab in an area that is loosing jobs compared to an area that is gaining jobs, won't that make a difference?
1. Will you rehab and sell ?
2. Will you rehab and hold long term?
3. Will you rehab and hold short term?
I'm building a retirement estate, so am a longtermer, so I look to buy on the fringe of good areas for best appreciation + rents. I also look at areas that I think the boomers will be flocking to for early retirements.
Baltimore is attracting a lot of $'s, so it is an interesting market.
Overlooked your heading.... You plan to buy, fix, sell. I still would look at the jobs in an area because when you sell you will want a market that is good or hot. And, if you pick a market that has homes with good bones that you can rehab, you will make more on the sale. Good Luck! JMHO
I did say that in a jealous sort of way. The problem is I have to live close to where I invest and there is no way I would ever live in the south. The last time I was in Atlanta I got beat up for drinking a Pepsi, and after Elvis dropped out of music and went to work for the CIA I have no reason to go to Memphis.
Mike,
Could you clarify this a bit?
Why would you never live in the south and what's "wrong" with the city of Atlanta (I have never been there). How did you get beat up for drinking a Pepsi?
Mark.
Very funny
Headquarter of Coke is in Atlanta
Sure Elvis joined the CIA covert operations unit; jumping over bad guys and sitting on them
Hi Guys:
It appears to me that this discussion is mainly about Atlanta or other "southern" cities. I live and do business in Kansas City, both Kansas & Missouri states. As a matter of facts, investors from both coasts, e.g. California, NY, etc. have come to invest in the Midwest, specifically, in Kansas City and St. Louis areas. Reason? - Much higher returns on investments that in "busy" areas. Anyone interested to drop me a line, please write to **Please See My Profile**
Virginia Benetiene, Realtor