Choosing a Rental Market- Analysis Paralysis!
Realtor · Portland, OR · Member since 2022 · 14 posts · 19 votes
Choosing a Rental Market- Analysis Paralysis!
Most Popular Reply
Henry ClarkPro Member
Developer · Member since 2020 · 4k+ posts · 4k+ votesYour best market, best returns, best risk/reward as a first time investor is where you live and your own housing. You have far more options than a larger investor.
29 Replies
- Real Estate Agent · Columbus, OH · Member since 2019 · 292 posts · 364 votes2yHi Alex! I'm an investor too, and Columbus checks all your boxes for a great investment market—landlord friendly, growing population and job market, and high rent-to-price ratio. Let's connect and I'll share more about why Columbus could be the perfect fit for you
Quote from @Alex Johnson:
Hello everyone,
I am looking to purchase my first investment property this year and am having some trouble deciding on a market. I know to look for areas that are landlord friendly, have population/job growth, limited seasonal/environmental issues, high rent/price ratio, and areas within my budget (under $200Kish). However, my issues run into seeing a few markets that look good and then I can't seem to finalize my decision on which is better or where to really focus my time searching. So far I've been interested in Cleveland, Columbus, Birmingham, and Memphis.
Am I missing anything in my criteria? Does anyone have a system they use to filter through the endless available markets and narrow down your options to something a bit more manageable? Any words of wisdom are welcomed too!
- 2yRoque MirandaPro MemberRental Property Investor · Miami FL · Member since 2024 · 61 posts · 33 votesHi Alex, I just purchase in Montgomery Alabama for my fist BRRRR give me it appears that is a good market , i've been there and rents are good compare to the price of houses.
Quote from @Alex Johnson:
Hello everyone,
I am looking to purchase my first investment property this year and am having some trouble deciding on a market. I know to look for areas that are landlord friendly, have population/job growth, limited seasonal/environmental issues, high rent/price ratio, and areas within my budget (under $200Kish). However, my issues run into seeing a few markets that look good and then I can't seem to finalize my decision on which is better or where to really focus my time searching. So far I've been interested in Cleveland, Columbus, Birmingham, and Memphis.
Am I missing anything in my criteria? Does anyone have a system they use to filter through the endless available markets and narrow down your options to something a bit more manageable? Any words of wisdom are welcomed too!
Ill keep you posted on my experience! - 2yJimmy LieuBusiness MemberReal Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
Quote from @Alex Johnson:
Hello everyone,
I am looking to purchase my first investment property this year and am having some trouble deciding on a market. I know to look for areas that are landlord friendly, have population/job growth, limited seasonal/environmental issues, high rent/price ratio, and areas within my budget (under $200Kish). However, my issues run into seeing a few markets that look good and then I can't seem to finalize my decision on which is better or where to really focus my time searching. So far I've been interested in Cleveland, Columbus, Birmingham, and Memphis.
Am I missing anything in my criteria? Does anyone have a system they use to filter through the endless available markets and narrow down your options to something a bit more manageable? Any words of wisdom are welcomed too!
Hey Alex, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio. There's so many catalysts for population and job growth (Intel, Honda, Amazon, Nationwide Hospital, etc). I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals. You get great appreciation and very landlord friendly laws. As an investor and agent here in Columbus Ohio, if you have any questions or want to connect, definitely reach out!
Jimmy Lieu, Red 1 Realty4.9120 Reviews - Realtor · Portland, OR · Member since 2022 · 14 posts · 19 votes2y
Quote from @Roque Miranda:
Hi Alex, I just purchase in Montgomery Alabama for my fist BRRRR give me it appears that is a good market , i've been there and rents are good compare to the price of houses.Quote from @Alex Johnson:
Hello everyone,
I am looking to purchase my first investment property this year and am having some trouble deciding on a market. I know to look for areas that are landlord friendly, have population/job growth, limited seasonal/environmental issues, high rent/price ratio, and areas within my budget (under $200Kish). However, my issues run into seeing a few markets that look good and then I can't seem to finalize my decision on which is better or where to really focus my time searching. So far I've been interested in Cleveland, Columbus, Birmingham, and Memphis.
Am I missing anything in my criteria? Does anyone have a system they use to filter through the endless available markets and narrow down your options to something a bit more manageable? Any words of wisdom are welcomed too!
Ill keep you posted on my experience!Thank you! I'd love to hear any updates.
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