High renter occupied areas VS High owner occupied areas
While i am researching for best places to buy rental investment properties i feel confused while looking on (vacancy rate, high owner occupied areas ...etc) , my question is when there is an area which has 80% houses owned and 20% houses rented and another area got 50% houses owned and 50% rented which will be better for rental investment ?
when you go to a nice area with good schools but yet the houses are a bit affordable and rents are high compared to the price you see that 85% owned and only 15% rented , do you think it's good idea to buy and rent in that area ? or it's the opposite i look for areas that high number of rented units.
Thanks.
Most Popular Reply
My 2 cents ...
Buy in an area where the numbers make sense for rental properties, but buy in a neighborhood where the majority of homes are owner owned. Ride the depreciation, and hopefully appreciation, for +/-10 years then do a final face lift and sell the home into the retail market for maximum return at time of sale.
I don't want to buy a SFR only to hold it and then sell to another investor like myself looking to get into a property cheap. I want to basically flip the house into a retail sale. Granted, a very long slow flip.