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Updated about 10 years ago on . Most recent reply
High yield neighborhoods / counties ?
Greetings friends!
I live in New Zealand and own a small portfolio of residential
and commercial properties in Australasia and South America.
Goal:
I have USD$150K cash (I am not interested in pursuing bank finance/leverage).
I would like to cash purchase a $130K residential property in USA.
Find a trustworthy property manager for < 10%
Refurbish the property for < $20K.
Rent the property for an approximate 20 year period.
Question:
Which three counties in USA should I consider/compare/investigate ?
Neighborhoods with stable rental demand, high yields
and potential local economic growth.
Currently I am researching ;
Midtown? Memphis, TN
Buford? Atlanta, GA
Where? Houston, TX
If possible, I am trying to avoid neighborhoods that are
saturated with institutional investors.
Any other county/neighborhood suggestions greatly appreciated.
Thank you, Martin.
Most Popular Reply

Martin,
Welcome to BP Nation and good luck in your search. I would recommend that you investigate job growth and population growth as basic determining factors of where to invest. Since you have a punch list of cities, pull this data for each city and compare. Where you have population and job growth, you typically have a solid renter base making for a wise investment.
To all other posters in this thread, posting solicitations for services is a forum violation so please keep your posts limited to advice and not offerings to provide services or properties, thank you.