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Updated about 1 year ago on . Most recent reply

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Peter J Struck
  • Investor
2
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14
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Best markets for SFH rental property cash flow

Peter J Struck
  • Investor
Posted

What are the best markets for Single Family Home rental properties from a cash flow perspective?

Most Popular Reply

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Peter J Struck this is often a common area of discussion here.  As a 15 year, out-of-state investor my recommendation is to ALWAYS choose whatever city you have the most trustworthy contacts in. Keep in mind that you may never see your asset. That's an ENOURMOUS amount of trust/money to put into a stranger's hands. What I mean here is that if you know someone in a different city...but that city may not have as good as numbers as this other city...then stick with the city where you know people. One wrong move will erase any "benefit" one city has over another. One wrong contractor, one wrong vendor...and that extra 2% is gone and now you are negative.  Your network is the most important piece for any potential returns when you invest out of state.

Hope all of that makes sense.

  • Andrew Postell
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