Location Location? Which location… - Posted by Tim
Posted by Tim on September 05, 2008 at 10:34:43:
I posted a topic a month or so back about investing in Florida. In a nutshell, I want to make RE Investing my full-time career and be able to afford myself and my family a lucrative (but not outrageous lifestyle). I am intelligent and know I can make this work; however upon doing some thinking my gf and I have come to the realization that while we love Florida, we feel we would miss the seasons and the “nature” of more Northern states.
The main reason we were thinking FL was because of all of the available options for RE since it is going through such booming development 24/7 (for better or worse). Now we have taken a step back and realized that, down the road a little, a vacation home in FL coupled with us working for ourselves would allow us the best of both worlds (living in a more pristine state while being able to visit FL almost any time we wanted). So now it’s back to the drawing board as to where we want to live…
My question to you folks is this; what state(s) and cities would offer someone in investing the opportunity to make a nice living out of it? I understand you can make RE work wherever you are, however we are trying to look for “up and coming” cities/states that aren’t quite as saturated as FL. This morning so far I have thought about VA, NC, NY (however NOT NYC, one of the reasons we crossed FL off the list is we realized we still want somewhat of a home-town feel wherever we live, even if it is just a tiny feel). I want to live in a place where I can experience the seasons, fish in a stream, hike/camp the outdoors, etc… all while being able to make a nice living investing in RE.
I plan on doing mostly flips/rehabs (I’m good with fixing up things and plan to take that ability and run with it, plus my gf has a knack for being able to think of ways to make ugly/useless places gorgeous/more useful), perhaps some vacation rentals, but probably the bulk will be in renting with options to own. I’d like to build a nice size portfolio, as I said I want to be in this for the long-run, my gf and I are going to go at this together, as a team, and if it continues to grow maybe we can become tycoons!! haha Anyway, my main question is just, where do you feel I can accomplish all of my goals I have set out for myself? Thanks SO MUCH in advance!!