All Forum Posts by: K K.

Thanks for the input @George Paquette! 

Can you elaborate a bit on the last point? Where does the correlation between default rates and rentals come from? 

Hey @Mike Terry! Thanks for the advice. Florida definitely looks like somewhere I'd enjoy living and it's a destination I am seriously considering. Particularly around the Tampa/St-Pete area. 

I think this is great advice because each market I look at seems to have pros and cons so it will be impossible to find "the best" market. 

I know you are investing in rentals out of state but if you were to do so in Florida, where would you pick? 

I am a Canadian looking to move to the US on a TN visa (NAFTA professionals temporary resident visa) and wondering how long it would realistically take to qualify for a first mortgage. 

Considering that I have no credit history in the US, a decent salary, and don't want to do business with Canadian banks in the US (i.e. will have to solely rely on my US-based credit history), how fast do you think I can qualify for a traditional mortgage? 

This might be a vague question/lacking information, so please do not hesitate to ask for clarifications. 

Thanks a lot!

Hey guys, this is my first post here; thank you to anyone willing to share their input with a newbie investor.

I am a Canadian looking to move to the US for work and start investing in rental properties. My goal is to buy properties that appreciate well and cash flow at least $100/door on year 1.

I can live anywhere as I work remotely but I am getting a bit overwhelmed with all the data (can be found below) I need to consider in picking a location.

Assuming you are in my shoes and have $20k USD to invest (i.e. 5% down as I will be house hacking), where would you move to?

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((OPTIONAL READ)) ADDITIONAL INFO

So far in my analysis, I am collecting the following data:

- Net migration (at the state level) over the past 10 years & 1 year

- Median sale price (redfin)

- Value appreciation over the past 5 years and 1 year (redfin)

- Average rent (rentcafe)

- Rent to price ratio

- Income tax

- Job growth and industry trends (haven't found a good source to gather data yet - just reading high-level articles for now)

- Average rent growth (if someone has a good source for this please share as I haven't found one yet)

- Cost of living index (numbeo)

- Quality of life index (though investing is my main priority now, I am still looking at quality of life a bit)