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Updated about 8 years ago on . Most recent reply
Best city to invest? Buy , rent and hold
Hi , I have been investing in New York in past 15 years, just expanding my territory to NJ and CT. But ROI is still low. Around 6-7% and not many deals going on..
Thinking of try a long distance investing . I have been doing researches . Places as Austin Texas or Dallas Texas ( some condo only cost 40k ) and cash flow are really good. But not sure how safe is the area . And if I can get quality renters.
Also charlotte NC or tampas FL.
But feeling like I am all over the place and want to narrow down to a a couple good location with ROI preferable more than 10-15% . Places that will be easy to sale and easy to rent with quality renter ) credit score over 700 and anual income 45 times of rent )
Anyone has any suggestion where should I look and preferable with a zip code ?
By the way I only invest on studio or one bedroom so far. Mostly condos with a hoa fee. Where they take care of everything outside.