Owning a cash flow rental property through your self directed IRA can be an amazing investment. You can watch your account grow each month as you collect rent checks.
In a recent press release HomeUnion Names the Best Markets for Real Estate Investors. Spoiler alert: Cleveland has taken the top spot yet again with a 11.5% cap rate.
“For the past two years, we have been tracking the investment and owner-occupied housing markets,” explains Steve Hovland, director of research for HomeUnion. “And metros in the Midwest and Southeast always earn top billing because of their low entry prices and moderate rents. Cleveland has often ranked at the top – or near the top – of the best places to purchase a single-family rental (SFR) property,”
So if you are like me you might be wondering what the worst markets are? Here you go.