Investing in different cities.

[Kyle Lam]

Hi All!

I wanted to create a post to get a better idea of what other areas are good for investing in rental properties. I am currently located in the Philadelphia area. In general I wanted to ask and see what are some of the best cities to get into for rental investments and what particular makes these cities good places to invest in. Would love to get honest feedback from anyone out there! 

[Benjamin Louie]

Hey! Love this question, I’ve been thinking about the same thing lately. I’m also based near Philly, and while there are definitely some solid rental spots here, I’ve been curious about what other cities people are having success in, too.

A few places that keep popping up in convos are:

• Cleveland, OH – Super affordable and great cash flow. Not the most glamorous, but numbers-wise, it works for a lot of people.

• Indy (Indianapolis) – Another solid Midwest market. Steady economy, low entry prices, and rents hold up well.

• Tampa or Jacksonville, FL – Florida’s hot right now (literally and figuratively 😅). Lots of people moving there, and no state income tax doesn’t hurt!

• Huntsville, AL – Kind of a sleeper pick. Growing tech scene, low vacancies, and prices haven’t gone totally nuts yet.

• Charlotte, NC – A nice mix of appreciation and rental demand. Bit more competitive, but still some good opportunities.

What makes these places appealing usually comes down to things like job growth, affordable prices, and decent rent-to-price ratios. Also helps if the area’s landlord-friendly