Things to Look for in a Good Market to Buy Rental Property
1 Reply
Justin Rockitter
New to Real Estate from Long Island, NY
posted 5 months ago
What are some specific statistics to look for in a good market to buy rental property?
Jeffrey Edwards
Real Estate Broker from West Bloomfield, MI
replied 5 months ago
BP Insights has some great data on this. These are just some of the topics they cover.
-Affordability - Meaning how affordable are the rents compared to the average income.
-Appreciation - How much are home values increasing historically.
-Annual Average Rent/Average Home Value