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Updated over 6 years ago on . Most recent reply
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Best city to invest for Rental property investing
Hello everyone,
My name is Nahom and I just moved to USA. I have been learning about real estate on BP and read several books. I have enough cash to buy quadraplex using FHA loan.
Now my question is, which state or city is best to invest for rental income?
Any suggestions would be highly appreciated.
Thank you.
Most Popular Reply
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I agree with @Aaron K. , there is only the best market for you based on your goals and your life situation. There is no BEST move or BEST city, there is only best for you right now based on your goals and situation. Almost any market you look at, people are making money investing in RE, with all kinds of different strategies and asset classes. I do that if you can buy where you WANT to live then that's a great way to get started. I'm in a very expensive market and I don't want to commute so I invest out of state. Now that I do that investing in my local market seems even more appealing. I will still keep with my out of state market but a 900k triplex in San Diego doesn't seem so bad now that I understand the process of rehabbing in a lower-cost market. You will change, your goals will change, so just do what you can now in your current situation.