Updated almost 5 years ago on . Most recent reply
Best Cities with LL friendly laws
Looking at investing in the US market, currently invest in Ontario Canada but the market is to hot and landlord tenant laws favor the tenant where we own properties.
I've looked into a few States that are more LL friendly, Indiana, Florida, Alabama, Texas, Ohio. More specifically I've been looking at Indianapolis and Cincinnati as possible markets to invest it. Based on LL laws, cap rate, CF, appreciation.
What are some other cities that someone out of country wouldn't necessarily think of looking at and why did you or would you choose to invest there?
Most Popular Reply
Plenty of options in the US that are landlord friendly. Get ready for a dozen people to tell you how awesome their city is. LOL. All of the states you mentioned have great cities to build a portfolio. Too many people get caught up in trying to find the best market and never do anything. Analysis paralysis. Pick a market and go. Find a place that you want to visit occasionally. For example, my market is 30-45 minutes outside of Chicago. So if one wants to explore and visit Chicago often, buy here. That way you can turn your vacation into a business trip while checking out your properties.
I think it's more important for you to find a good team wherever you invest. You can buy a rental in the "Best" market in the US and it can still be a turd if you purchased a dump in a bad part of town or have a bad property manager. Finding a good property manager is top followed by an agent or two that can help you find what you want.