Where are some promising places to invest in rental homes?
Bankrate surveyed online real estate listings for three-bedroom houses in 15 of the country’s largest metro areas. In the following five metros, rents are relatively high compared with asking prices for home sales. That makes these metro areas potentially profitable places to buy homes to rent out. Each investment decision depends on prevailing home prices and rents in the neighborhood, the dwelling’s condition, taxes, insurance, interest rates and other costs.
Read more: http://www.bankrate.com/finance/real-estate/promising-places-to-buy-rental-properties-1.aspx#ixzz2sNBstDla
By Holden Lewis • Bankrate.com