- Real Estate Broker
- Monmouth County / Ocean County / Middlesex County
- 14
- Votes |
- 28
- Posts
-- Out of State investing -- Locations
Does anyone have an suggestion for locations to purchase homes/condo that are inexpensive and have strong rental potential. I currently live in NJ, but before I make another purchase here, I wanted to see if there are any location that have buy and hold opportunities. (currently looking in St. Louis Missouri & Texas where I have some family).
-- Appreciate any and all input
- Anthony DiSanzo
Most Popular Reply
If you're looking for low entry point properties that will stay in demand with a strong tenant base, I'd advise you take a look into the Memphis market.
Amazon and Nike both have large plants in the northwestern part of the city and Memphis is also home to FedEx world headquarters. In the next year, Blue Oval is about to provide 6,000 jobs from the manufacturer alone, and these are just a few of the companies feeding into the surplus of job opportunities ( and therefore tenants ) in the city.
If you have questions, I'm happy to give you a better picture into what the rental market is currently looking like.