Best Cities for Rental Properties

[Vivian Pena]

Hi all,

I am new to BP and this is my first post. My goal is to buy a rental property (single family or multifamily) by the end of 2019.

I’ve been listening to the BP podcast diligently and reading Turner’s book on RE rental properties. My interest began after reading Rich Dad Poor Dad and being part of the financial independent community.

I am a Structural Engineer but recently became a mom and I now have a big drive to have more freedom with my time so I can spend more time with my family. Thus, my long-term goal is to replace my W2 income with passive income from rental properties.

I have enough savings to get started (outside of Los Angeles) and I could get a HELOC on my house to get started.

Now my question for you is what are some good cities to buy rental properties? I’ve downloaded data from Zillow to get the average home prices and compared it with rental values to see what locations fulfill the 1% rule but this is just data and I want to compare it to actual experience from investors.

Thank you in advance for your time!!!