Best city to buy rental properties?
Hey everyone!
I live in beautiful San Diego, CA and I want to buy a rental property but have heard that the San Diego rental market is not very strong for investors right now. Also, with the high prices of homes/apartments/multi family places in SD it is hard to find something that fits my budget.
I’ve been trying to do my own research to find good markets to invest in but I feel like I’m just going in circles. How do I even go about evaluating different markets? I know population and job growth are important but what are some other key factors that I need to check before I buy a rental property?
Also, any suggestions on hot markets for rentals under $100k? Im open to buying in CA or neighboring states like Nevada or Arizona where the climate is similar to what I am familiar with in SoCal.