Flipping America 313, The Best Places to Own Rentals
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Hey everyone! We are back with our Best Places Series and today we are going to be talking about the best places to own rental properties in 2019 and probably 2020 as well. I have a bunch of websites and a variety of opinions about this and again, it all comes down to the criteria and weighting factors used in developing the scoring system. Carissa from Macon, GA asked me to explain the weighting factors and what I mean by that. So I will. It comes from the world of statistical analysis. Let\\u2019s take for example the Flipping America Property Grade.\\xa0
Mileage - a factor, but not as important as the profit.\\xa0
Profit not as important as ROI, but profit still should be above 20k to make it worth your while.\\xa0
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- Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.\\xa0\\xa0
News:
Fed Cuts Rate for Third Time This Year, Hints at Pause
https://www.realtor.com/news/real-estate-news/fed-cuts-rate-for-third-time-this-year-hints-at-pause/
Multifamily Investors Are Spending More Capital in Secondary and Tertiary Markets
Closing on a House: 10 Common Problems to Spot in a Final Walk-Through
What\\u2019s the Impact of Nearby Transit on Office and Multifamily Property Values?
Most U.S. Home Building Primarily in Millennial Areas in 2019
Topic: Where to own Rentals\\xa0
Our Criteria
- Population stable - not declining
- Strong middle class employment picture
- Relatively low home prices
- Quality of schools
- Stability of neighborhoods
- Potential long-term upside
- https://www.realwealthnetwork.com/learn/best-places-to-buy-rental-property/?gclid=CjwKCAiAlajvBRB_EiwA4vAqiEnKnNzepkihunLgwyl16vlCj_9V_0p5m91Gdh2D5ywJDNJEMG6pfhoChwcQAvD_BwE
- https://www.doughroller.net/real-estate-investing/8-best-u-s-housing-markets-for-real-estate-investing/
- https://finance.yahoo.com/news/best-worst-cities-own-investment-090000378.html
- https://www.gobankingrates.com/investing/real-estate/best-worst-cities-own-investment-property/
Your Questions: Send emails to questions@rogerblankenship.com
- Frieda, Boston, MA, I\\u2019m trying to find a rental property to buy based on the numbers you have given and it seems impossible. The best I can do is a home for $300,000 that I can rent for $2,200/month. My payment including taxes and interest is just under 1700. It sounds like $500/month in cash flow. What am I missing?\\xa0
Comment Line calls and Questions
Call 404-369-1018, press 1 and leave your message!\\xa0
Motivational Thoughts for the day
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\\u201cThere is no normal life that is free of pain. It\'s the very wrestling with our problems that can be the impetus for our growth.\\u201d -Mr. Rogers
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