Top location for long distance investing?
Here is a list of 17 metros in the US that have population larger than 900k and median house price is below 400k:
Which metro you recommend and which metro you don't recommend?
I know California is not so investor friendly due to high taxes and non landlord friendly regulation.
Florida has high insurance costs in some areas?!
What do you think?
Most Popular Reply
@Justin Brin great lead in for discussion, thanks for putting that together. Generally speaking, we have the same approach - avoid areas that are heavy in renter friendly regulation (i.e. CA). Then TX is tough right now because of property taxes. And then, Florida is difficult with insurance right now until that stabilizes.
Then, when we look at Atlanta and Charlotte we see a good amount of supply because of the footprint of large institutiional buyers (i.e. invitation homes).
That leaves the midwest (OH, IN, MO), TN, and the one off markets like Tucson and Albuquerque. Personally, we have had success in small multi-family across OK, TN, MO, KY, IN, OH.