Getting into real estate investing can be an exciting – and intimidating – prospect. As with any new venture, it is critical to take some time and do your research. This will ensure that one is making informed decisions.
When it comes to choosing a city for real estate investing, admittedly, some are better than others. This will partially depend on what you want from the property: is it a rental property? Or land? Take the time to understand what you need before making a decision.
Here are some of the top cities for real estate investing.
Youngstown, Ohio, is showing a significant percentage in home value appreciation, hitting around seventy-seven percent. This should be tempting for any real estate investor, as it promises a solid investment return.
This small city is perfect for investors, as it resides near Cleveland and Pittsburgh, meaning that many professionals are looking to buy homes or rent here to avoid those cities’ higher costs. Combined with the high appreciation rates, this almost guarantees a solid investment.
Houston, Texas, is next on the list. Houston is becoming a hot spot for the tech industry, meaning that people are actively looking for housing in the area. Houses and property move fast in the area, allowing investors to swoop in and make big purchases.
This city is perfect for investors looking for good trades and sales returns. However, the rental prices are slightly lower than housing prices, so don’t invest here if you’re looking for high rental revenue.
Charlotte, North Carolina
Charlotte, North Carolina, is one of the best cities for businesses and careers. In other words, this is a city where professionals hope to live. It is full of big companies, executive employees, and those wishing to climb the corporate ladder.
The values in Charlotte are climbing steadily, meaning any investments will quickly payout. Likewise, rental prices are decent in the area, allowing investors to pull in a fair amount of revenue.
Orlando, Florida, is another city that has a lot going for it. The location is a tourist hotspot, but it also has a high percentage of people looking to move into the area. Since the area offers many job opportunities, there is room for investors to offer rental properties. This is one potential avenue for real estate investors, so keep this city in mind.