Best Cities for 2024? Strategies?
Hi folks, hope that you're doing well. Kicking off a discussion to see if people have ideas of where to invest in 2024. Because of high interest rates (as well as soaring insurance premiums), I think cashflow is near impossible to achieve for long-term rentals. Best strategy is to look into rougher neighborhoods, get creative with financing or find off-markets.
That being said, I still find these cities interesting:
Detroit, Michigan
Charlotte, North Carolina
Cleveland, Ohio
Indianapolis, Indiana
Birmingham, Alabama
Any other ideas? Let's set some goals and crush it!
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Jay Hinrichs
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Pick better neighborhoods and put a little more down to get to break even you will come out far ahead in the long run dont get so focused on cash flow per se.
- Jay Hinrichs
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JLH Capital Partners