I often get asked at conferences and in interviews what are the best markets to buy rental property in. I have come up with a list of my top 10 favorite markets to own rental property in. My list is based off of the growth of the local economies relative to the housing supply in the area and a few other secret factors.
10.Corpus Christi, TX
9. Rochester, NY
8. Birmingham, AL
7. Charlotte, NC
6. Bentonville, AR
5. Detroit, MI
4. Las Vegas, NV
3. Orange County, CA
2. Manhattan - NYC
1. Biloxi, MS
Now is the time to buy that house to flip
When has the market ever been more ripe for the retail investor? There is money to be had in this market. The opportunity to buy low is obviously there no matter what market you invest in and shortly there will be an opportunity to sell high.
Rental Property Tax Deductions
I am surprised by how many "mom and pop" landlords out there don't take full advantage of tax breaks that could save them thousands every year.
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