I've been exploring the data about the relative affordability of buying or renting in various counties from Attom Data. Do you think it's better to invest in a place where it's more affordable to buy or do you think it's better to invest in a market where it's more affordable to rent? Why do you think so?
Rental Property Investor · Batavia, IL · Member since 2018 · 452 posts · 672 votes
6y
Depends of what type of investing you're doing. If you are looking to buy and hold rental properties, then you want to be in markets that are more conducive to renters because that will increase demand for your properties and create a larger pool of potential tenants. The more difficult it is to afford a home the better it is for rental markets.
On the other hand, if you are looking to flip then it would be more advantageous to be in a market where purchasing a home is more accessible and where the monthly costs for buying are more comparable/favorable to renting so it incentivizes more buyers to want what you're offering.