Low cashflow, High Appreciation Locations

[Jack Brennan]

Hello everyone, I'm a 25-year-old planning to make a move from Ireland to the US by the end of this year. Currently, I own long-term rental property in Ireland that generates good cashflow and appreciates nicely, but the lending restrictions here are very tight. Therefore, I am considering expanding my portfolio in the US to take advantage of potentially higher appreciation and more favorable lending conditions.

Given my age and willingness to relocate anywhere, I'm seeking advice on which US cities offer the most potential for long-term rent cashflow, significant appreciation, and opportunities to BRRRR. I have looked into markets surrounding cities such as Houston, Dallas, Tampa etc. but without any local knowledge it is difficult to judge their potential.

I understand that each market is unique and studying the local dynamics is crucial, I want to prioritise areas where I can at least break-even on long-term rent. I am particularly interested in markets where there are promising indicators for future appreciation. Factors like population growth, job opportunities, rental demand, would be significant considerations for me, if any of you have any insight or personal experiences you'd be willing to share, I love to connect with you.

Also if anyone has any specific questions about the Irish property market or needs assistance regarding investments in Ireland, I would be more than happy to share my knowledge and help based on my experience.

[Bruce Lynn]

#1.  Do you have a visa and work visa?

#2.  Do you have cash or will you need bank loans?  If you need loans, you will probably need to work here a couple of years to establish credit, work history, tax returns, etc before you can get a loan.  Of course if you have cash, you can probably start day 1.

#3.  I would go to landlord friendly states.  You can look that up.  Typically places like AZ, TX, TN, FL, SC, NC, GA, FL.  These also probably have the best growth outlook.   

#4.  Break even or cash flow I always say is dependent on your income and exepenses, one way you cash flow is to use less leverage and more cash.  That probably means 30 and maybe even 40% down payment these days.

#5.  No one can tell you accurately the best place for future appreciation.  That's a dice roll.  I don't think anyone can pick one city out of a 100 possible and tell you to just go there, that their appreciation over the next 20 years will outpace everyone else.  Chances are there are very successful investors in each of those states and cities...and even ones in other cities and places.  I'm sure there is even opportunity in Ireland to make your mark.

#6.  Do you have any contacts or job prospects or friends or family any of these places, or are you just going to show up and start from scratch?  If just showing up...I'd go to one of the bigger cities in the high growth states...and start there.