If you're considering Maryland, I would recommend Baltimore, either the city or county. The county is more expensive, but tons of job growth and qualified tenants. But you easily see more cash flow and ROI in the city of you buy right
@David Haynes you have any experience towards the Lancaster Reading area? I’m a local there and wanting to understand if this is a worth while area and what to look for
Originally posted by @Brandon DeVega :
New York City. Get a 5 or 6 bedroom house, and rent it out as rooms. Definitely connect with me, maybe I can point you in the right Direction or give you some insight. @Anthony Holloway.
Brandon, where will he find a 5 or 6 bedroom place in NYC for $400k?
@Kenneth Williams one of the Rookie episodes mentioned a place that lets you buy turn-key rental properties and provides the property management. Wanna say it was in Memphis
@Samara Huntley what are the type of property you are referring to with that price range and rent range?
Ex: 3br 2bth Single family house
@Brandon DeVega I don’t want to say it is impossible, but it is highly unlikely you will find a 5br+ for 400k. One main reason for me not investing furthering in New York is the price point.
I believe Harris County in Houston, Texas is very competitive. This is definitely one of the best markets in the country.
Look into cities like Spring, Humble, Atascocita, Katy, Cypress, some part of Houston.
I will suggest you invest in a market that will yield the highest ROI on your money and give you peace of mind at the same time.
Not Eugene, Or.
Before you invest in any place , you should mostly take into account, property taxes, taxation on rental income and whether or not the state is landlord friendly. Hence, avoid to invest in California where you live,new-york, new-jersey, Hawaii, Oregon..etc. The good places are: Memphis(Tennessee), Orlando( florida), Columbus/ Cleveland(Ohio), Henderson (Las-vegas), Texas. If I were you, I would wait for the real-estate market correction. It is crazy out there now (less inventories and too much demand because of the low-mortgage interest rate).
@Isaura Orellana hey which zips or neighborhoods do you like in Detroit? I was just looking in Dearborn area.