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Updated about 8 years ago,

User Stats

48
Posts
13
Votes
Don Jackson
  • Software Dev/Investor
  • San Jose, CA
13
Votes |
48
Posts

Best city for BRRRR right now

Don Jackson
  • Software Dev/Investor
  • San Jose, CA
Posted

I'm trying to decide where to purchase my next BRRRR.

I just refinanced my latest property in Milwaukee. I paid about $70k including rehab and I'm getting $1050 rent. My first thought is to get my next property in Milwaukee again. My other three properties are in Charlotte.

When I did a search for "Best cities for real estate investors" I get the following list from Realtor.com:

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

Those focused on getting a healthy flow of rental income from the get-go might want to cut this list out and put it on the wall:

  1. Cleveland, OH, at 11.1%
  2. Columbia, SC, at 9.7 %
  3. Birmingham, AL, at 8.5%
  4. Pittsburgh, PA, at 8.4%
  5. Milwaukee, WI, at 8.4%
  6. Cincinnati, OH, at 8.2%
  7. Memphis, TN, at 8%
  8. Greenville, SC, at 8%
  9. Tampa, FL, at 8%
  10. Philadelphia, PA, at 8%

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

I'm not sure I want to trust Realtor.com to help me decide where to invest. What do you guys on BP think?

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