Hi Pari, Second home loans are indeed available and can offer more favorable down payment and interest rate options compared to investment property loans.

This was in the context of adding value when selling a property, and it got me thinking how this translates to LT rentals.I have a 3/2 single family LT rental in a C class neighborhood in the Charlotte, NC metro area.

I don’t think I would ever invest in a metro market. 

AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9The current metro area population of Montgomery in 2023 is 374,000, a 1.91% increase from 2022.

As was mentioned earlier, it is extremely difficult to find cash flow, especially in our market (charlotte metro). 

We are spending our time and moving money towards country subdivision lots, 1mm population metro storage development, flex buildings and expanding teak plantations in Belize.  

AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9The current metro area population of Montgomery in 2023 is 374,000, a 1.91% increase from 2022.

Also worth taking a look at cities and metros in person, although the flight and hotel/air bnb can add up, you can generally write those costs off, and in general getting on the ground and feeling the energy of a city or market can tell you a lot about the intangibles there.  

People are always trying to figure out where is the best place to invest....and every agent seems to think it is in the location where they work.  That's often because you don't really get to see nationwide stats very...

I invest in the Bay Area and Indianapolis metro area.