Where to buy and hold

[Justin R.]

Hello everyone. I am a newer invester looking for a few areas to purchase rentals. What areas have good rent to purchase ratios, along with low taxes and insurance. I have researched many states but it appears they all have their ups and downs. Of course i will contine to research but i thought this will open discussion. Thanks Justin

[Andrew Syrios]

Generally speaking, the Midwest and South will have by far the best rent/cost ratios and usually lower taxes too. The coasts, particularly New York and The People's Republic of California are very high priced and have pretty high taxes. The Southwest is sort of in between and generally speaking, I would avoid the Rust Belt even though it's relatively cheap, just because it is so economically challenged right now. I would recommend looking at places like Kansas City, Oklahoma City, Tulsa, Indianapolis, Raleigh, Charlotte and Memphis.