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.
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.
I have no first hand knowledge of the KC-46 arrival to McConnell. Comments are based on 22-years in USAF and info from Air Force publications.
I would think the KC-45 arrival will stimulate some additional activity. There was new construction at McConnel to accommodate the KC-46 beddown and KC-46 Training School. Presume this is all completed at this point as delivery of the aircraft has been delayed for some time.
The bulk of USAF personnel coming to McConnell will primarily be students coming to checkout in the aircraft with their final assignment to a unit in another location. So this, could stimulate some additional rental activity, but expect most training to be only 3 - 6 months in duration.
Best cities to buy and hold... Texas. The major cities are doing very very well. Houston, Dallas, Fort Worth, Austin and San Antonio are all very good markets. I would do some serious research on Texas a&m real estate center website to see a true apples to apples comparison of markets, if I were you.
One of the answers is cities where the housing stock (supply) cannot grow as fast as the demand. That's not most of the cities that were listed on this thread. I also like demographics that have above average education and income levels.
So, I like the long term prospects of places where the real estate is already expensive: California, parts of Oregon, Seattle, some East Coast cities. Some will argue that we already missed the opportunities as the prices ran up. I probably would agree.
Texas and certain sub belt states do have the economic and population growth. But supply seems to be easily added in some of those markets.
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
I would be interested in learning about your success with Detroit. All my research has pointed to avoiding it like the plague (have never heard one good thing about it). I have heard that they can't even give most of the property away for free, that they would be better off being burned down. Jobs are scarce and people are isolated and live in very very bad conditions = no (obvious) growth potential. It's presented as the quintessential wasteland of America -- it could not get any worse - the benchmark for the bottom. I have never been there, but I have done extensive reading and speaking with others who have been there and have invested there. Have you found something better than the rumors?
I love my own backyard of Pittsburgh. The market is very stable and in some areas it's possible to buy at market values and instantly have decent cashflow on rentals. There's plenty of aging housing for both flips and multifamily investments.
@Justin Franklin Northern Colorado getting priced out, but lots of potential for appreciation and cash flow if you’re patient enough to wait for an actual deal.
@Chris Michael my wife and I were just talking about Tarpon Springs area. We have 2 projects up here we are finishing once we get these done maybe we can come down and see what you have.
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
I would be interested in learning about your success with Detroit. All my research has pointed to avoiding it like the plague (have never heard one good thing about it). I have heard that they can't even give most of the property away for free, that they would be better off being burned down. Jobs are scarce and people are isolated and live in very very bad conditions = no (obvious) growth potential. It's presented as the quintessential wasteland of America -- it could not get any worse - the benchmark for the bottom. I have never been there, but I have done extensive reading and speaking with others who have been there and have invested there. Have you found something better than the rumors?
Yes heard it all before, it depends what you buy, where you buy and boots on the ground
I was told not to buy in Atlanta (south] in 2011, glad I did not listen, I now generate close to $200,000 income per year from my rentals
Its about finding the gems and understanding market conditions, the trend can be your friend or enemy
@Chris Michael don't mean to jack the thread but how are STR there? We want to pick up a beach house or close to the beach fixer upper. Same strategy we use here, worst house on the best block!
@Patrick Soukup Agreed. Im looking at Broomfield/Lafayette/Thornton/North Aurora for the next one. Will probably have to wait until next fall/winter to get finances in order though. Any cities in particular you have your eye on?
@Patrick Soukup Agreed. Im looking at Broomfield/Lafayette/Thornton/North Aurora for the next one. Will probably have to wait until next fall/winter to get finances in order though. Any cities in particular you have your eye on?
I’m up more North, but Greeley, Windsor, Loveland all have opportunity and are growing pretty well. I haven’t ventured as far South as you are. Doin well down there?
What area of San Antonio is hot right? Im somewhat familiar with the city. I spend alot of my time in the Converse area so i know that area a lot better