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Updated over 6 years ago,
Cities with best ROI for SFR
Hello everyone. I am new to BP and joined because I love the idea behind the community. Briefly, I'm a young professional (early 30's), who currently resides in the Metro-Detroit area. I am considering moving to Las Vegas because it is a great city for a single man. However, I'd like to ask the community what their opinion is regarding the best option for me and my long term REI strategy. I am contemplating buying and holding single family homes for cash flow as a means to retire in 10 years. I'd like to make $200k in passive income from REI. I'd like to know in which areas/cities it would be the easiest to make this goal a reality. I understand that the Midwest is great for cash flow from SFR, but Las Vegas seems like a better lifestyle for me. I appreciate the input from the community.
Dave