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David To
  • Newport Coast, CA
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rate the following rental markets

David To
  • Newport Coast, CA
Posted

My objective: to purchase a SFR for rental / cash flow. I can afford a home between $150K - $300K. Living in Southern California, a home in Riverside county or Temecular / Murrieta would be around $250K and above, and not very good looking either. I see beautiful homes on Zillow in Charlotte, Dallas and Houston for $150K that's better than what you would get for $300K in Riverside, etc.

SO my questions to people, rate the following markets which would be better suited for a cash flow rental property, 1 belong lowest and 10 being highest.

City, State    |    ZipCode  | Class B,C,D |  Job Growth (1-10)  |  Pop Growth (1-10) | Vacancy rating (1-10)

Riverside, Ca

Temecula, Murrieta CA

Dallas, TX

Houston, TX

Charlotte, NC

Memphis, TN

Thanks and let me hear your feedback on which markets above would make the best rent and hold strategy.

David To

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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

@STEPHEN YUAN   those list that come out by the experts are flawed in my mind.. two of the top ten counties  Clayton in Georgia and Wayne in MI.. are really really tough markets for landlords... Clayton got its school system decertified for poor performance so anyone who cares about schools for their kids will move to Henry county or another one near it.

And Wayne county is well its Detroit and of course there are pockets but there are also so much that is not good.. 

Its these kind of survey's that the investors or promoters hang there hat on and its not reality in the real world Kind of like Zillow is for values  :)

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JLH Capital Partners

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