Feedback on SFR Rental Markets

[Kirk Bausch]

Hi BP Family. I'm seeking to narrow down some SFR rental markets to invest in. Essentially, I have a portfolio of 6 homes spread across multiple states that have a good deal of equity and I'm looking to re-position the money into better cashflowing areas. I'm doing all kinds of research on job growth, migration, land lord friendly etc...and I can almost build a case for most markets. I'd love to hear from you about markets that make sense.

My current markets, which I'm looking to leave (i've been in them for 15yrs) - Austin,.TX/, KS,MO/, Gilbert,AZ/, Buford, GA/Tuscaloosa, AL/.  

What i'm aiming for is to find properties in areas that meet these criteria points:

SFR's

B-/C+ areas

good job growth outlook

solid population growth outlook

1% rule

Ready to rent prices around $90-12k

Happy to rehab at lower prices with ARV's the same as above $90-120k

I want to identify 1-3 areas (which can be multiple states) to build a bigger portfolio and scale up to 10+ SFR's per area...

Open to partner providers that do BRRR rehabs to speed up the growth and scale-ability too

I'm looking at the following areas:

Pittsburg

Alabama (montgomery/huntsville/burmingham)

Greater Charlotte

Houston (although the prop taxes are killer)

Greater Altanta

OH/Indiana -- hard to ignore, there's a lot of chatter about this area.

I haven't committed to any yet but really want to have the 1-3 areas nailed down by end of Feb to start taking action!  Any ideas are hugely welcomed.

Thank  you !

Kirk