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Updated about 2 months ago,
Newbie to Rental Property Investment, looking for suggestions on locations
Hi BP!
I'm new to real estate investment, and plan to invest in long term rental properties. I live in Los Angeles so I'm looking for out-of-state properties. Would really appreciate to suggestions on which area/market I can research on!
Here are some of my wishes:
1. Positive cashflow, ideally if more than $200 per door
2. Purchase price less than 250K
3. Landlord friendly
4. Locations with good potential for future job growth and non-fragile economy, diversified industry/business
5. Locations OTHER THAN Columbus/Dayton OH or OH in general (I'm checking the area now, but would like to know places in other states too:) )
I've looked at Tucson and Tempe but the price seems too high. Las Vegas maybe suitable, still researching...
Thank you very much for any suggestion! If any of my bullet points are not clear or too naive, please let me know!