To Become Wealthy: Cities of Interest- Where I am looking to invest

After the initial search for good cities to invest in, I still had to dig a little bit deeper. I compared several lists. Forbes has a list of over and undervalued cities. Expansion Magazine has a list of the areas with the most growth in business. So, I cross checked and picked out about a dozen cities that ranked favorably on both lists.

From there I went to the site realtor.com. For those of you who are unfamiliar with the site, it allows you to enter basic search criteria for a nationwide search. It also allows for a more detailed search, but I have discovered that the less info entered, the better the results. So, I entered the city, state and my price range. The purpose was to see if my price range fit this city. Were there a lot of properties that looked nice enough that I could live in them in that city? And I narrowed the list down even more.

Then I searched on Google for the Economic Development websites for each city. I read thru the web sites for a better understanding of the dynamics of the city and to see what programs they have to spur growth in different industries. It also gives you a good idea of the size of the area, and the largest industries and employers.
This is the list of cities that I have narrowed it down to:
Tulsa, OK
Dallas, TX
Houston, TX
McAllen, TX
Little Rock, AR
Memphis, TN
Rochester, NY
Dayton, OH
Wichita, KS
Greenville, SC

To Become Wealthy: Where I began in Real Estate.

I began my search a short while ago on the internet. Anyone in the world can tell you that when it comes to real estate it is all about “location, location, location.” So, I listened to other people’s advice and then added some logic of my own. My objective was to find cities that were growing, but had not yet reached their peak. Some people tell you to buy only in those cities at the bottom because they have the most potential for growth, and therefore more room for your equity to grow. I decided to play it safe and look only in cities that were already growing, but have not yet reached the insane peaks of New York, California or Miami. Sure, there are still good investments to be made in these areas, but they probably require more skill and money than I have right now. I want to start out easy. Basically, I was looking for cities that were middle of the road, growing but still affordable. We are planning to purchase our first investment home with conventional financing. I have a limited amount of money that I can put down on any one property, so the purchase price is a limiting factor for me.

The two big sources I used to find cities to invest in were Forbes and Expansion Magazine. Of course Google is also an invaluable resource. Just put in simple phrases like “growing real estate markets” or “cities for real estate investment”. The tedious research has already been done. You just need to find other peoples results.