Investment help

[Neutral123]

I am planning to buy one small investment house. Can you advise which is the best city to consider?

[Sonu_Patel]

4 minutes ago, Neutral123 said:

I am planning to buy one small investment house. Can you advise which is the best city to consider?

Austin vaipu maathram choododhu ani @perugu_vada anna idea.

[Hitman]

Ft. Lauderdale area. Weston or Pembroke Pines. 

[csrcsr]

10 minutes ago, Neutral123 said:

I am planning to buy one small investment house. Can you advise which is the best city to consider?

ekada konna ilanti spreadsheet lo values esuko bro like rental income , you go there and try to find out out rental value , some times rental value differs giving to family vs desi dominated areas lo bachelors ki 

https://www.stessa.com/blog/rental-property-analysis-spreadsheet/#:~:text=Click here to download the complete rental property analysis spreadsheet (Google Sheet)

[Neutral123]

How about Atlanta?

[ElDiablo]

If you asking others for when,where, how, trust me you are not ready to do investments. 

[ismartganesh]

Florida - high home insurannce premiums

Texas - high property taxes

 

[Neutral123]

Trying to avoid FL anyways but with all these filters not able to decide. I like to invest in NC but it is saturated already. Also, with this interest is it recommended to wait for 1-2 years?

[Thokkalee]

Never buy any property in a place that you don’t live.. you are at the mercy of property management companies and tenants… one of my colleague had a very bad experience where the tenant stopped paying rent and also had to run to the court to get eviction order after few months.. then Covid came and the tenant couldn’t be evicted.. after the Covid protection was removed, he was finally evicted… 3 years no rent and the house was totally destroyed… he can’t  even sell it now without totally remodeling it … 

[Bears]

Anytime, invest in Atlanta. A city which has everything you need and has a potential to beat any city in future!! You will not loose your investment even in worst case!!

[Konebhar6]

3 hours ago, Neutral123 said:

I am planning to buy one small investment house. Can you advise which is the best city to consider?

Financially it does not make sense to buy investment homes now. But if you want to, you shoud buy in the city where you live. Otherwise it gets difficult to maintain. Property management companies will take advantage.

[Neutral123]

Thanks everyone for the good info. 
Even if we live in the same city won’t we handle with property management to make it easy with the process? If so, how does t make difference when we buy in another city as most of the time it would be through calls 

[sarvayogi]

with 7 percent interest rates now there is no point buying investment homes

there are many homes sitting in market for DOM more than 60-90 days

you wont bocchu bhi break even .. forget cash flow..on top you have to shell out additional 1000 per month extra EMI

The only solution is if you can do all cash offer or do 50 percent down..then atleast better

but how many are sitting on 500-600k cash is the question

[Maggavale]

Idi bad idea, but digutha ante RTP area ithe best, anni balanced ga unnai present. Dallas, Atlanta labor digi poyaru , thattukolev le. 

[Konebhar6]

5 hours ago, Neutral123 said:

Thanks everyone for the good info. 
Even if we live in the same city won’t we handle with property management to make it easy with the process? If so, how does t make difference when we buy in another city as most of the time it would be through calls 

Even with in city, rental management companies are useless. They won't do anything for you. Once you hire them, you cannot even choose who your tenents are. You cannot even meet them. If tenents do not pay, they cant and wont do anything. Only useful thing is they arrange handyman for repairs. Even that they overcharge. So think about it