Where is a good place to buy if not Ca??

[wendyinoc_IHB]

My friends and I want to buy some investment propertys. I will wait for Ca to go down for a home. Any good ideas?? It needs to be in a good rental location. Thanks! Were currently looking at Florida, but not sure if its a good buy?

 

[effenheimer_IHB]

Indianapolis? Rochester?

 

[nirvinerealtor_IHB]

I like Colorado.

 

[effenheimer_IHB]

Will anything in Colorado cash-flow yet?

 

[nirvinerealtor_IHB]

oc_fliptract,

Not bad. CAP rate is running at around 8%. Much more than CA's.

 

[effenheimer_IHB]

Really? Maybe I should move there!

 

[kcmkane_IHB]

Anyone have any specific thoughts on Dallas or Atlanta? On the occasions when we do consider leaving, those are the two escape routes most often considered, partly because I could easily transfer with my same company to either city --- but mostly because the home you can get for your money in either place is just ridiculous as compared to SoCal. And it seems you could probably carve out a similar lifestyle. Well, except for the ocean. And the weather. And I could go on and on....But any feedback or first hand experience on either city appreciated...

 

[irvinefsbo_IHB]

wendyinoc:

FL is a terrible place to buy unless you can pay all cash. OptionOne stop funding loans for any condo in FL. Others will follow suit.

http://www.oomc.com/post/_marketing/phaseVII/phase7pg.html

 

[ElricSeven_IHB]

Downtown Charlotte, NC. Look at the units in a building called Courtside. I think those can still rent at a profit and the city's growing like gangbusters. Also, they didn't have the crazy frenzy boom that the OC did.

 

[CalGal_IHB]

Here's an interesting website that will provide you with a tailored list of the best cities and small towns that fit you.

http://www.findyourspot.com/

I just put in a fake address so I don't get bombarded with mail.

 

[momopi_IHB]

I've found that the Brits are well versed at international property investments:

http://www.thisismoney.co.uk/homesabroad

UK perspective on buying RE in the US:

http://www.thisismoney.co.uk/mortgages/homesabroad/article.html?in_article_id=421138&in_page_id=505