First rental investment

[Lynn Wong]

Hello everyone! Newbie here, I need some advice about investment in Arizona (Mesa, San Tan Valley..). Thought about Stockton or Sacramento area but CA is not landlord friendly state and housing too expensive here to have minimal cash flow or break even with high down payment (30% of 475K). Which market should I look into with about 400 K or less and give some cash flow or appreciation? Thank you very much! 

[Patrick Drury]

@Lynn Wong
I would recommend looking at Columbus, OH. You can get good cash flow and solid appreciation at the same time. Columbus has a lot of job opportunities and population growth. Especially with Intel coming to Columbus as well as Hyperion, which is a company that makes hydrogen fuel cells. Columbus is home to the HQ of Chipotle, Wendys, White Castle, L-Brands, and Hunnington. Columbus is also home to OSU, which constantly develops real estate, employs lots of jobs, and attracts students from the US and internationally to attend. On top of all of that, it boasts one of the best college football teams Ohio State Buckeyes, which is very well known and has a cult following, and attracts a lot of people to the games. If you don't care about appreciation at all you should look at Cleveland OH. Cleveland has a bit higher cash flow than Columbus in exchange for the appreciation.