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Updated almost 4 years ago on . Most recent reply

User Stats

4
Posts
8
Votes
K K.
8
Votes |
4
Posts

Where would you move to in the US for rental property investing?

K K.
Posted

Hey guys, this is my first post here; thank you to anyone willing to share their input with a newbie investor.

I am a Canadian looking to move to the US for work and start investing in rental properties. My goal is to buy properties that appreciate well and cash flow at least $100/door on year 1.

I can live anywhere as I work remotely but I am getting a bit overwhelmed with all the data (can be found below) I need to consider in picking a location.

Assuming you are in my shoes and have $20k USD to invest (i.e. 5% down as I will be house hacking), where would you move to?

-----------------------------------

((OPTIONAL READ)) ADDITIONAL INFO

So far in my analysis, I am collecting the following data:

- Net migration (at the state level) over the past 10 years & 1 year

- Median sale price (redfin)

- Value appreciation over the past 5 years and 1 year (redfin)

- Average rent (rentcafe)

- Rent to price ratio

- Income tax

- Job growth and industry trends (haven't found a good source to gather data yet - just reading high-level articles for now)

- Average rent growth (if someone has a good source for this please share as I haven't found one yet)

- Cost of living index (numbeo)

- Quality of life index (though investing is my main priority now, I am still looking at quality of life a bit)

Most Popular Reply

User Stats

953
Posts
908
Votes
Peter M.
  • Rental Property Investor
  • DFW, TX
908
Votes |
953
Posts
Peter M.
  • Rental Property Investor
  • DFW, TX
Replied

@Khaled El Khoury One thing to consider is Texas, Florida, and Arizona which everyone is recommending, all have one thing in common-oppresive heat. Moving from Canada will be a big shock. I had the opposite issue when I moved to NY. Too cold. All I'm saying is dont just pick based on what looks best on paper. Go somewhere you actually like.

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