Download spreadsheet: https://gofile.io/?c=BDIkwN
In this video I crack the mathematical code and provide you with knowledge into what the best cities are for renting properties out for a profit. Guess what, IT’S NOT CALIFORNIA!
That’s right folks, California is on the worst side of the best cities for rental profits. In San Jose it costs $4,500 in mortgage for a 1,500 SQFT property, where as rental income is around $3,500. Yes, you heard me right, you would be LOSING MONEY!
What matters the most is 3 things:
► Buy Low, Rehab, Rent High
► Refinance, repeat
► Profit margin based on mortgage/rent
If you have a higher profit margin for mortgage/rent, then you can simply grow faser. So what cities can you grow fastest in? Well the results are VERY clear:
1) Ohio (227% ROI)
2) New Jersey (190% ROI)
3) Who cares
#RealEstate #RealEstateInvesting #RentalProperties