Which market has better ROI for rentals? My budget is only $50,000/.
Any suggestions are welcome
@Neri Bermas With that small of a budget you are relegated to specific markets. Pittsburgh is a market where you can get some decent property for $50k. To be clear on your post, do you have $50k cash to invest? If so then you can purchase a property up to $200,000. That will expand your areas that you can look. If $50k is your max purchase price then you will be limited in areas to research.
@Neri Bermas There is no single answer to your question, as it can depend on where you live, and what you are looking to do more precisely. What kind of investing are you looking to do - buy and value add (rehab)? or something turn key where you can leverage the 50k to buy roughly $200k of property?
As has been mentioned before me, I don't think there is one single, correct answer. I agree with Alex in that if you have 50k total to invest, the suburbs of the aforementioned areas may be best. You should see a decent return in the suburbs of the Pittsburgh area if you choose your area and properties wisely.
@Neri Bermas regardless of what market you choose, with $50,000 capital to invest, I strongly recommend financing a better class of property than paying cash for a low end asset. Having said that, Kansas City and Indianapolis are two very good cash flow markets but you have to buy in the right areas.
Mike, do you have rentals in Kansas City, currently?
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