Best cities to buy and hold

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Best cities to buy and hold

Justin Franklin
Rental Property Investor · Los Angeles CA · Member since 2017 · 100 posts · 37 votes

What cities do you all consider the best long term investments? I've had my eyes on western suburbs of Detroit and suburbs of Dallas TX like Fort Worth. 

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Jeff Schechter
Developer · Nashville, TN · Member since 2016 · 484 posts · 406 votes
7y

We are 400 doors deep in Indy.  Perfect city for inexpensive buy/hold.  Not much for appreciation, but stable and growing.  Cash flow, cash flow, cash flow.  PM me if you want more info on what we're up to.

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  • Aristotle Kumpis
    Specialist · Long Beach, CA · Member since 2011 · 888 posts · 401 votes
    7y

    Go to where there is massive job growth, which is mostly in the south and southeast part of the country. Dallas, Houston, Austin, Atlanta, Orlando, Tampa, Jacksonville. Of course there are certain areas within these large cities that have more growth than others.

    5Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    7y

    @Aristotle Kumpis I’m real bullish on Austin long term. Businesses just keep pouring money into the city.

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    3Reply
  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    7y

    Generally speaking, cities in the Midwest and Southeast are the best for buy and hold (if you're looking for cash flow especially, because they're less expensive markets). Cities like Oklahoma City, Indianapolis, Kansas City, Tulsa, Raleigh and Memphis. That being said, if you're buying out of state, you need to be very careful. Most of these cities have some really rough spots to avoid.

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    9Reply
  • Landon Whitt
    Property Manager · Oklahoma city · Member since 2018 · 58 posts · 55 votes
    7y

    Yee ha, cash flow is what you sail the pacific on. Woop woop! 

    1Reply
  • Albert L.
    Bay Area · Member since 2016 · 82 posts · 55 votes
    7y

    I would bet on cities with decent past and projected job growth. if the economy enters a correction, people will stay/flock to cities where there's jobs. there were some good cities already listed above but you'll also want to check that there's a diversity of economies, that it fits within what you have saved capital wise and have some local investors/connections already there who can help you out with building your team. 

    2Reply
  • Marisa R.
    Developer · Atlanta and Detroit · Member since 2018 · 601 posts · 821 votes
    7y
    Originally posted by @Justin Franklin:

    What cities do you all consider the best long term investments? I've had my eyes on western suburbs of Detroit and suburbs of Dallas TX like Fort Worth. 

     I have been buying up in Detroit for cashflow and appreciation

    Its on the move. 

    I have posted some of my property purchases including ROI if interested do a search

    Its an attractive market. Just do lots of due diligence

    All the best

    4Reply
  • Jeff Schechter
    Developer · Nashville, TN · Member since 2016 · 484 posts · 406 votes
    7y

    We are 400 doors deep in Indy.  Perfect city for inexpensive buy/hold.  Not much for appreciation, but stable and growing.  Cash flow, cash flow, cash flow.  PM me if you want more info on what we're up to.

    12Reply
  • Justin Franklin
    OP
    Rental Property Investor · Los Angeles CA · Member since 2017 · 100 posts · 37 votes
    7y
    Originally posted by @Marisa R.:
    Originally posted by @Justin Franklin:

    What cities do you all consider the best long term investments? I've had my eyes on western suburbs of Detroit and suburbs of Dallas TX like Fort Worth. 

     I have been buying up in Detroit for cashflow and appreciation

    Its on the move. 

    I have posted some of my property purchases including ROI if interested do a search

    Its an attractive market. Just do lots of due diligence

    All the best

    Thanks Marisa! Great insight. Where do you have your properties listed? I'll DM you. 

    1Reply
  • Justin Franklin
    OP
    Rental Property Investor · Los Angeles CA · Member since 2017 · 100 posts · 37 votes
    7y
    Originally posted by @Jeff Schechter:

    We are 400 doors deep in Indy.  Perfect city for inexpensive buy/hold.  Not much for appreciation, but stable and growing.  Cash flow, cash flow, cash flow.  PM me if you want more info on what we're up to.

     Thanks Jeff, I'll send you a personal message. 

    0Reply
  • Yusef Griffin
    Investor · Atlanta, GA · Member since 2018 · 65 posts · 37 votes
    7y

    @Trevor Magloire The south is where its at, I'm telling you!!

    4Reply
  • Bjorik Mutize
    Real Estate Broker · Minneapolis, MN · Member since 2016 · 530 posts · 398 votes
    7y

    @Justin Franklin I’ve been exploring the Dallas sub markets more and more! Good opportunities, just a lot of competition that can move quick.

    3Reply
  • Josue Vargas
    Real Estate Agent · San Antonio, TX · Member since 2017 · 814 posts · 466 votes
    7y

    If yore looking for very long term holds, San Antonio TX.  Properties in good areas still affordable, average appreciation is around 4% or more.   Very high demand on renting, one of the 10 top cities within the nation of growing population.  

    5Reply
  • Isaac Cabrera
    Member since 2019 · 5 posts · 0 votes
    7y

    @Andrew Syrios would you throw wichita kansas in that mix? I'm curious as to the new tanker KC-46 being introduced to McConnell afb recently. just wondering if I'm blindly making assumptions if personnel would start pouring in or am I just chasing my assumed market

    0Reply
  • Chris Michael
    Member since 2019 · 18 posts · 11 votes
    7y

    @Justin Franklin T-A-M-P-A

    Clearwater beach voted #1 beach in the nation USA Today

    Ybor City, Seminole Heights, Dunedin, Tarpon Springs, Indian Rocks Beach, Madeira Beach. It is a gold mine here. Get in before the billions of dollars are dumped into the infrastructure and economy.

    I am a Realtor as well and happy to help you out in any way if needed.

    5Reply
  • Justin Franklin
    OP
    Rental Property Investor · Los Angeles CA · Member since 2017 · 100 posts · 37 votes
    7y
    Originally posted by @Bjorik Mutize:

    @Justin Franklin I’ve been exploring the Dallas sub markets more and more! Good opportunities, just a lot of competition that can move quick.

     What sub markets in Dallas do you like? Also, I agree on the speed of transaction...I'm assuming alot of cash buyers. 

    0Reply
  • Justin Franklin
    OP
    Rental Property Investor · Los Angeles CA · Member since 2017 · 100 posts · 37 votes
    7y
    Originally posted by @Chris Michael:

    @Justin Franklin T-A-M-P-A

    Clearwater beach voted #1 beach in the nation USA Today

    Ybor City, Seminole Heights, Dunedin, Tarpon Springs, Indian Rocks Beach, Madeira Beach. It is a gold mine here. Get in before the billions of dollars are dumped into the infrastructure and economy.

    I am a Realtor as well and happy to help you out in any way if needed.

     Thanks Chris - I haven't put much research into Tampa. Let me do some homework and I'll shoot you a personal message. I appreciate the feedback. 

    0Reply
  • Brian Foster
    Investor · Cypress, TX · Member since 2016 · 170 posts · 139 votes
    7y

    Look for business/landlord friendly states as well. Texas has the legal climate you want to invest in because they are both investor and business friendly. Evictions are much easier/faster/efficient  in TX. And the job growth is best in Nation. Houston has lowest cost of entry and great values. Path of progress is on East Side of Houston. Also love anything along TX 99 Grand Parkway.

    4Reply
  • Ryan Terwilliger
    Real Estate Agent · Houston, TX · Member since 2015 · 93 posts · 46 votes
    7y

    @Justin Franklin Midland, TX for growth. The oil industry is big booming. Houston, TX for long term growth. The market now has two massive industries to prop it up through market corrections.

    1Reply
  • Justin Franklin
    OP
    Rental Property Investor · Los Angeles CA · Member since 2017 · 100 posts · 37 votes
    7y

    @Brian Foster thanks!

    0Reply
  • Justin Franklin
    OP
    Rental Property Investor · Los Angeles CA · Member since 2017 · 100 posts · 37 votes
    7y

    @Ryan Terwilliger thanks Ryan! I’m looking for s multi unit. I see you’re a realtor down there I’ll shoot you a PM

    0Reply
  • Ross Denman
    Real Estate Consultant · Whitestown, IN · Member since 2014 · 549 posts · 933 votes
    7y

    I think that there are many great markets where you can find numbers that work, but my recommendation is to go to where you can find great teams to work with. We've all seen the horror stories of predatory providers. These are usually in the best markets. Last year, Morris Invest/Oceanpointe was the horror story of the year in Indianapolis and a few other cities and much if of it is well documented on Biggerpockets.

    I'm a fan of Indianapolis... as it's my own backyard and I understand many of the nuances here, but many of my clients are in several other markets as well. There are dozens of great markets, but not building a great team will not get you ahead. Building solid teams are likely the most important step early on. Visit your target city. Drive the neighborhoods. Meet the local players. Don't buy the pipe dream... validate everything. It's your money, it's your investment, you are responsible for your own due diligence... not just with a deal, but even with the people that you work with.

    6Reply
  • Michael Ealy
    Developer · Cincinnati, OH · Member since 2018 · 1k+ posts · 3k+ votes
    7y
    Originally posted by @Justin Franklin:

    What cities do you all consider the best long term investments? I've had my eyes on western suburbs of Detroit and suburbs of Dallas TX like Fort Worth. 

    The 1,000+ units I acquired over the years are in the midwest (mostly in Ohio) and the cashflow is really good.

    But folks don't buy where I buy. Can't afford prices to go higher.

    7Reply
  • Chris Michael
    Member since 2019 · 18 posts · 11 votes
    7y

    @Justin Franklin

    Well worth your while to research. World famous beaches, Hard Rock Casino and Disney World all connected by the I-4 corridor. 45 minutes apart. Very affordable market w great demand. You can’t miss in these burbs.

    1Reply
  • Aaron Hunt
    All Over, USA · Member since 2017 · 689 posts · 756 votes
    7y

    Las Vegas.

    0Reply
  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    7y
    Originally posted by @Isaac Cabrera:

    @Andrew Syrios would you throw wichita kansas in that mix? I'm curious as to the new tanker KC-46 being introduced to McConnell afb recently. just wondering if I'm blindly making assumptions if personnel would start pouring in or am I just chasing my assumed market

    It's a bit a smaller town and has some rough areas, but I would be willing to invest there for cash flow. I probably wouldn't start up there from out of state though as there are bigger cities with more potential deals to focus on.

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    1Reply
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