Best market to buy single family homes right now?

[John P.]

Am looking to invest some money in single family homes.  Currently have properties in CA, NV, Utah and TN.  Want to add a new state or two for diversification purposes.  Will hire a property manager there to manage.  What city/state, and even exact neighborhood, do you like and why?

My experience has mostly been in nice single family homes. I suppose they would be called "B" properties on here. Not the most expensive in town but not the slums either. Will probably stick with that as we have had good luck.

I like states like NV and TN where there is no state income tax return to file.

I like NV for being more landlord friendly than Cali.

Can do cash purchases with quick close or can do a mortgage. Either way.

Just want to diversify our holdings.

Let me know your thoughts.

[Dan Burstain]

Hi John,

I strongly recommend investing in Austin, TX if you like maximizing ROI. I have investments in multiple states but feel Austin is still the best place to invest for years to come. Now if you are only looking at maximizing cash flow then I can recommend other places or you can look at some of these other posts. Austin does have positive cash flow investments but with a solid 50 year history of slow and steady appreciation along with huge job growth still to come with major firms like Amazon, Oracle, and a enormous UT Medical Research Center that will bring tens of thousands of new jobs, the future is very bright and some of the prices reflect that potential growth. So positive cash flow is slimmer than other cities but I feel there is no better place to maximize your ROI than Austin.