Best city/neighborhood to buy

[Andres Giraldo]

Hi

Im looking to buy a rental property. My investment rationale is:

1. Strong CAP rate 6.5% or plus

2. No leverage used to juice/reach the CAP rate.

3. Investment amount 250k. All cash.

4. No low income areas. I invest in places where I would live if I had to.

5. The state has a landlord friendly regulation

6. Preferably, not necessarily, low state staces.

So which ones do you consider? Any realtor you recommend?

Thanks

[Todd Dexheimer]

That's a pretty wide open question. Florida would be fine. Most markets would return you that in an average area. Go to Orlando, Tampa, Jacksonville. Also Atlanta, Savannah, Columbia. Almost anywhere in the Midwest will do as well. I like Jacksonville, Atlanta, Savannah, Columbia, SC, Greensboro SC, Greenville, Memphis, Columbus, OH, Cleveland, OH, St. Louis, Indianapolis, Oklahoma City