Current US housing market condition is pretty tight. People are having quite a tough time in buying their own house, let alone buying an investment property. But luckily, there are a few cities where there are ample investment opportunities and affordable too. For instance, Philadelphia, Chicago, Cleveland, Detroit and Miami-Fort Lauderdale, Florida, (as mentioned in a recent Business Insider article).
On further research, I found that Philadelphia is actually quite a great place to buy rental property. Reason being, you don’t have to pay any property tax for 10 years, given that your rental property is newly constructed. There is an investment advisory firm with the name NRIA in Philadelphia that helps investors in purchasing newly constructed rental property. You can visit its website www.nria.net to begin your search at a good note.
