Double check my logic please!
Hi everyone, I have been away from BP for quite some time after moving out of the US to Spain where I did a few investments here. Starting to look back at the US for out of state / country investing. I have several properties in Boston that are doing well but the market has gotten too high for me over the years.
My plan is to buy 5 3/4plex buy & hold rental properties over the next 5 years as part of my passive income journey. I am aiming for an avg purchase price of 450-500k per property and open to any market. My research landed me on Cleveland or El Paso. I have a tendency towards TX in general as I may eventually move back there from Spain at some point so leaning towards El Paso more.
Is my logic sound? Would love to hear from investors in these markets on how it's going.
Most Popular Reply
Your numbers are off for El Paso. Pop growth is essentially flat and prop tax rate is 2.6% But it's easy to cash flow since rent to price ratio is good. I have 5 properties here.