Profile picture for ram karlapudi

Best city to invest for a rental income?

Where to get advise on which city to invest?
  • October 24 2013 - US
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Answers (7)

Best Answer

Profile picture for Bo Bragg1
Focus on college towns.  They historically produce the best ROI.
  • October 24 2013
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Profile picture for ram karlapudi
Thanks Everybody for your answers and contributions. I agree it is not easy answer with limited information provided. Advise on College towns and looking for  "outlier"areas are very good. 
  • October 27 2013
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Profile picture for proplayers
Tallahassee has a lot of students year round spread to 3 different colleges all in a mid sized town.
  • October 25 2013
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Profile picture for michaellee0001
I agree with Bo.  College towns.  I'm looking at rentals right now too.  Somebody told me about www.propertystick.com as a good calc to analyze the numbers too
  • October 25 2013
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Profile picture for Scudo Realty
This is a tough question to answer without knowing your strategy. What might be an ideal market for one investor will not be ideal for another. If you're focusing on a buy & hold strategy, you'll want to look for cities that have low enough home values to cash flow. There are several more factors to take into account, however, finding an "affordable" market is a good start. 

I'd suggest touching base with a Realtor who specializes in real estate investment in the cities you are interested in. They can best help you navigate the market by assessing your goals. 
  • October 25 2013
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Springfield MA, where I work.  I've got a 2 family listed for sale at $87950 that produces $1500 monthly.  Contact me if you would be interested in getting some information about the properties available in Springfield and their rental income potential.
  • October 24 2013
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This is a difficult question to answer without knowing more about you and your investment/risk profile. 

In general, I would say there is no such thing as "best".  Markets are efficient and cities with low risk (low vacancy, etc.) will have correspondingly low returns and cities with high risk will have correspondingly high returns. 

As you do not appear to be locationally limited, instead of focusing on "cities", I would advise to look for "outlier" opportunities where they can be found -- across many cities.

  • October 24 2013
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