Rental Property Investor · Hong Kong, Hong Kong Island · Member since 2014 · 188 posts · 114 votes
to me criteria for ranking rental investments opportunities between different areas can be understood by looking into the components of the net rental yield:
rental gross income
vacancy rate
expenses, local and state taxes
rental income and vacancy rate evolution will be influenced by demographics: whether population increases and how median income moves. So I would look at these fundamental data rather than just see if prices have increased year on year (which just indicates the gross income is getting worse)
Would you add any criteria?
According to you, where are the best rental yields (both bet yield and potential increase) in the US?
The Best Real Estate Investment Markets Last Year on the BiggerPockets forums
http://www.biggerpockets.com/forums/25/topics/238837-best-real-estate-investment-markets-last-year
Here's an interesting read
Rental Property Investor · Hong Kong, Hong Kong Island · Member since 2014 · 188 posts · 114 votes
10y
Well, yes, but why are the criteria in the list opaque?
What if this article is the result of some journalist asking several pros and putting their answers together, and peppering it with comments on year on year price increase.
I prefer this so as to see yields and unemployment for myself:
I asked friends, what you get is availability bias on some market that was good 3 years ago. I tried asking pros, they would give you an answer that advances own agenda.
In a world where data is so cheap, I think it is best to check a list of criteria and go for the data?
So I ask a forum what people use to compare areas ^^.