It requires an expert in each market to determine the specific neighborhoods. If you have a market to focus on you can find an expert, agent and gather the info you need to find those areas. For instance, I have neighborhoods I focus on in my target markets as we have done many deals and know the areas. There is not one source that tells you which neighborhoods in each city, that would take years. I do recommend 1st time home buyer areas. I hope this helps.

first, thank you for the great article.

I am not a U.S resident and I would like to invest in the U.S real estate market.
I know that one of the factores is the neighborhood. can you recomend on some neighborhoods in these cities or refer to a website that does this?

Thanks,
Gilad

I look for high rent to purchase ratios and strong LTVs. A lot of the smaller, less hyped markets have strong rent to purchase ratios. If there are a lot of foreclosures then there will be plenty of deals to cherry pick from.

Also, if do you have an any recommendations for investing in lots/land properties?

Thanks.

My advice is to evaluate a large number of property managers until you find 3-5 good ones. Do research on what to look for in good property managers. We have had good experiences with our property managers but have had to fire some bad ones and replace with good ones. It is hard to recommend without knowing exactly what and where you are purchasing. Ours may focus in certain areas and property types. Feel free to contact me for advice when you do purchase. Best of luck.

My wife and I would love to start investing in the US with single familiy homes. Although we have never been in Cleveland, Columbus, Akron, Cincinnati, Toledo, Indianapolis or Memphis, places in which you recommend to buy for rentals, ( we have only been in Florida ), it seems great advise.

So, my question is: In this places, do you know a few rental properties administrators that can run and manage our properties if we buy in this Cities ?, thanks, we appreciate it, regards.

Thanks for the good information. It is very timely and I can see you spent quality time in choosing your cities. My company is based in Memphis and I’ve assembled a portfolio of homes there. My sentiments are equal. Although we sell property in Memphis it is good to hear unbiased validation.

We are seeing the foreclosures affecting specific neighborhoods but the PMI Index seems to be dead on with the overall market. Cheers!

Check out the PMI Risk Index Report below. I recommend doing research on areas in Oregon and Washington to find areas where you can find great deals with multiple exit strategies.

http://www.pmi-us.com/media/pdf/products_services/eret/ERET_Appendix_0709.pdf
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