Are there areas that offer the best price-to-rent ratios?
Hello,
Am looking to purchase a four unit but where I live those are going for $700k + and it is out of my price range, nor would it make financial sense because it wouldnt cashflow at all. That said, where Im originally from, four plexes are much cheaper and cashflow much better, but I would like to continue to head West, not back East. Anyone have any ideas for finding specific areas where the price-to-rent ratio tend to be better for cashflow? Is it generally the midwest? Best deal ive found are about 125:1 out West whereas in the midwest, Im seeing 95:1 and better. I am somewhat mobile and am considering relocating. Tia.