/biz/ - Business & Finance

I'm planning to buy an investment property this upcoming year and am most likely going to need to go out of state to do it. Ideally I'd like to buy 2-3 in the same market over the course of the next couple of years, but have them all be in the same city so I can use one property manager and have one set of contractors to simplify things.

What are some good markets that I should consider? A friend of mine bought an investment property in San Antonio, Texas, and she thinks this is a very good market, although I have heard that property taxes are high. However, it is supposedly very easy to evict delinquent tenants in Texas, which is obviously a plus. Good luck with that in California. Another market I have heard is good is Indianapolis.

Any thoughts? Also, what are some good metrics for valuing rental markets? I would imagine ultimately it's just a function of price to rental rates and projected population / economic growth, right?

Buying this is nothing to me its not even a big deal.