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Updated over 6 years ago on . Most recent reply

Rama Motwani's profile image
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Rama Motwani
  • from Wilton, CT
  • Member since Dec 11, 2017
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Rama Motwani's profile image
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Rama Motwani
  • from Wilton, CT
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Rama Motwani
  • Wilton, CT
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Buying & Selling Real Estate

Which is the best city to purchase Multifamily house for rent?

Rama Motwani
  • Wilton, CT
Posted

Please suggest, Which is the best city to purchase Multifamily house for rent in USA?

I have thought of Houston TX, Dallas TX, Austin TX, North Carolina and Edison New Jersey.

How is Connecticut for the real estate investing?

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Laura Alamery's profile image
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Laura Alamery
  • Investor and RE Mentor
  • from Miami, FL
  • Member since Oct 28, 2010
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Laura Alamery
  • Investor and RE Mentor
  • from Miami, FL
  • Member since Oct 28, 2010
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Laura Alamery
  • Investor and RE Mentor
  • Miami, FL
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Laura Alamery
  • Investor and RE Mentor
  • Miami, FL
Replied

@Rama Motwani

The mid part of the USA, specifically the Midwest (St Louis, Chicago, Kansas City) to Ohio (Cleveland) and all the way down to Houston TX are definitely great areas for rentals: you get much more for the money and the rental demand is very good. 

I have been investing in multifamily properties (I like smaller building, up to 4 units) in the Midwest since the early '90s and I could not go wrong.

Connecticut - it's hard to cash flow as in the Midwest. It is better for fix and flip.

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