I am currently under contract for closing on a rental property in Huntsville, AL. I chose Huntsville for a combination of factors - its population growth, job growth, low taxes and my affordable budget of 100k-160k SFH with a decent balance of cashflow and appreciation. I hope to buy a few more properties in Huntsville.
I would like to diversify my investments by buying in some other places too. I understand it doesn't make sense to buy in too many places as well. I would like the investors here to list the cities/places they think are an excellent investment choice now for SFH purchases with <175k budget in B-class (& above) neighbourhoods and cashflow as close to the 1% rule as possible.
I live in Seattle, I am looking at out of state investment locations that fit the above criteria.
@Marlen Weber, I will research into the cities on the list , but, most of them seem to be more expensive and already on the higher end of growth than what I am looking for.
Any other cities that are mid tier now and are on the growth trajectory in terms of population and jobs?
I am currently under contract for closing on a rental property in Huntsville, AL. I chose Huntsville for a combination of factors - its population growth, job growth, low taxes and my affordable budget of 100k-160k SFH with a decent balance of cashflow and appreciation. I hope to buy a few more properties in Huntsville.
I would like to diversify my investments by buying in some other places too. I understand it doesn't make sense to buy in too many places as well. I would like the investors here to list the cities/places they think are an excellent investment choice now for SFH purchases with <175k budget in B-class (& above) neighbourhoods and cashflow as close to the 1% rule as possible.
I live in Seattle, I am looking at out of state investment locations that fit the above criteria.