Best Cities for Rental Property Investment

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Best Cities for Rental Property Investment

Sanjeev Kumar
Member since 2021 · 2 posts · 6 votes

I am new to investment and seeking advise. What are the top cities for rental property investment? Below are some of my criteria for investment.

  • Investment < 300K house
  • Generate cash flow
  • Areas that are projected for decent house price appreciation in next 10 years.

Thanks in advance!

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Hersh ShahBusiness Member
Realtor · Atlanta, GA · Member since 2016 · 117 posts · 78 votes
5y

@Sanjeev Kumar Welcome to the community!

There are plenty of metro markets in the south east that will give you what you are looking for. Specifically Atlanta, Greenville, Charlotte, Raleigh, Jacksonville and much more.

I would suggest you find a market that you like and zero in on that market until you have a large enough portfolio there. Once you do that, you can diversify by repeating the cycle in a different market if you like. I would advise against multiple markets from the beginning due to the simple fact that it gets harder to scale.

Hope that helps! Welcome again :)

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  • Dan GuentherBusiness Member
    Real Estate Agent · Longmont, CO · Member since 2019 · 548 posts · 271 votes
    5y

    @Sanjeev Kumar

    Welcome to the BP community! If you search the forum for "out of state" investing you will find a lot of information and tips on where people are investing. You will find a lot of out of state investors like the Mid-west for the lower price entry points. 

    [email protected]720-295-1082
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  • Cameron Braig
    Atlanta, GA · Member since 2021 · 493 posts · 162 votes
    5y

    @Sanjeev Kumar

    Welcome to the forum Sanjeev. The sun belt continues to see significant growth and the pandemic saw this accelerate. Cities such as Atlanta, Charlotte, Jacksonville, Tampa and Raleigh can provide opportunities with long run way. Welcome again. 

    0Reply
  • Jake Wosick
    Raleigh, NC · Member since 2021 · 52 posts · 12 votes
    5y

    Welcome Sanjeev,

    Raleigh, Durham, Chapel Hill NC area is great. I personally invest in the area and if you have any questions let me know. I love to talk more and help you out. 

    0Reply
  • Jorge VazquezBusiness Member
    Real Estate Broker · Tampa, FL · Member since 2017 · 1k+ posts · 679 votes
    5y

    The best areas where you can still find deals in Tampa.

    Here are the three upcoming neighborhoods in Tampa, Florida, where you should be investing in rentals today. The best areas where you can still find good deals in Tampa.

    The first is University Square, high in diversity low in cost of living, and it is ideal for new families and young students that are just getting started. Also, the proximity to Busch gardens makes it very attractive for your next tenant.

    Number two is Tampa Heights, south of the university and slightly north of downtown; this old neighborhood of Tampa Heights is attracting more people than ever. So many developers have been welcomed by small businesses and residents that are now moving to the area, making it ideal for rental properties.

    Number three is Ybor City. Ybor has been up and coming for years, so much to do around great Cuban food, trolleys, new bars. The area continues to draw all kinds of people, including people willing to live there and be part of the cool part of Tampa.

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  • Anthoney Hanks
    Real Estate Broker · Forney, TX · Member since 2019 · 1k+ posts · 399 votes
    5y

    Welcome to the BP community @Sanjeev Kumar!

    0Reply
  • Connor Cushman
    Realtor · Cumming, GA · Member since 2018 · 158 posts · 127 votes
    5y

    @Sanjeev Kumar north metro Atlanta and blue ridge Georgia. I’m actively in both markets as an investor and agent and I see people check those boxes all the time

    0Reply
  • Kristina Kuba
    Tampa, FL · Member since 2021 · 383 posts · 389 votes
    5y

    @Jorge Vazquez is spot on. Those are the up and coming areas for Tampa. It is fully legal for a STR inside city limits of Tampa and those do very very well. Just goole search Tampa, billons of dollars of commercial and residential development is being spearheaded into Tampa backed by people like Bill Gates.

    0Reply
  • Justin WindhamPro Member
    Banker · Nationwide · Member since 2015 · 4k+ posts · 1k+ votes
    5y

    @Sanjeev Kumar

    It’s nice to have you here!

    This is a great forum with very knowledgeable members that will help to guide you in the right direction, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance. You will be able to share your story and receive plenty of helpful feedback from experienced members.

    If you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/


    The site has quite a few tools that can be helpful for new members. For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users

    0Reply
  • Chris Levarek
    Real Estate Syndicator · Phoenix, AZ · Member since 2018 · 903 posts · 1k+ votes
    5y

    Good criteria. Price range will keep you out of primary markets(sub pockets possibly) at present for the most part. Most of the markets here are showing good appreciation and rent growth : https://www.biggerpockets.com/...

    Personal favorites include Florida and North Carolina.

    0Reply
  • Ben Scarborough
    Realtor · Gulf Shores, AL · Member since 2020 · 153 posts · 76 votes
    5y

    Definitely recommend Short Term Rentals/Vacation Homes for new investors to get a good jump on returns for their investing careers. I typically recommend starting in the Mountains for STRs though like the Smokies or Blue Ridge, GA where you will have year round tourism. Finding something <$300k may make that complicated though when seeking an established market. However you will certainly check the boxes for cash flow and appreciation and will likely have a much better Cash on Cash Return in an STR over something like a Long Term Rental.

    Regards,
    Ben Scarborough

    0Reply
  • Frank Rodrigues
    Investor · Kansas City, MO · Member since 2021 · 110 posts · 65 votes
    5y

    @Sanjeev Kumar

    I primarily work out of the KC market along with OH. Here is a link below on what's going on in KC. If you have any other questions regarding the market feel free to PM. I hope that helps and best of luck to you!


    0Reply
  • Hersh ShahBusiness Member
    Realtor · Atlanta, GA · Member since 2016 · 117 posts · 78 votes
    5y

    @Sanjeev Kumar Welcome to the community!

    There are plenty of metro markets in the south east that will give you what you are looking for. Specifically Atlanta, Greenville, Charlotte, Raleigh, Jacksonville and much more.

    I would suggest you find a market that you like and zero in on that market until you have a large enough portfolio there. Once you do that, you can diversify by repeating the cycle in a different market if you like. I would advise against multiple markets from the beginning due to the simple fact that it gets harder to scale.

    Hope that helps! Welcome again :)

    Hersh Shah Group4.9113 Reviews
    View Page
    1Reply
  • Amy Shutes
    Specialist · Charlotte, NC · Member since 2021 · 185 posts · 106 votes
    5y

    @Sanjeev Kumar

    Charlotte metro area is a great place! I’m also happy to help you with any buying or selling of real estate. Please let me know.

    0Reply
  • Amy Shutes
    Specialist · Charlotte, NC · Member since 2021 · 185 posts · 106 votes
    5y

    @Sanjeev Kumar

    Hi Sanjeev,

    Charlotte is a great area. I am a local agent in the area. Let me know if you would like to chat.

    0Reply
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