If you are like many real estate operators, you are continuing to look for more opportunities to flip or rent for profit. While there is always an argument about refining or increasing local marketing efforts to drum up more leads, it is only natural to wonder if there are other places where opportunities may be in more supply. Keeping in mind that it remains important to still study the job market influences of a given market and available labor (among other factors), there are some burgeoning markets in the mid-west and south central US, if you are open to building a team there.
Larger cities or towns that fall along major highway or trade routes may be worth a look in Iowa or Missouri. Featuring a more attractive tax base than some more populous states, there is both job and population growth while purchase prices are currently often reasonable versus resale and rent values. The Quad Cities (Bettendorf and Davenport on the Iowa side) is one such example. Nashville, Chattanooga, and Knoxville are considerations in Tennessee. Ohio has several noteworthy communities, as does Indiana.
We won’t try to review all the states for we can not and do NOT offer tax, accounting, financial, legal, nor investment advice, but if you are looking for lower priced entry points, the mid-west might be a goldmine for you. What do you think?