Check out this helpful list. No matter how new you are to the real estate game, these suggestions can lead to your efforts being lucrative. You can see a quick return on investment, and you should be able to reap the benefits well into the future.
Here are ten of the best US cities for real estate investing, and you should strongly consider one or more of these fun locations. Whether you’re looking for a new home for yourself, a rental property, a quick sale, or someplace to retire, these communities should bode you well.
Phoenix/Scottsdale
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Investors here love the friendly tax codes associated with Phoenix/Scottsdale homes for sale, and they also appreciate the constant inventory shortage which keeps purchase prices high. The city is a huge hit with retirees, and it also is culturally diverse.
The climate and geography give way to amazing sunsets and plenty of recreational activities. Airbnb rentals are permitted, too. Finally, the Phoenix and Scottsdale homes for sale have much cheaper real estate price tags when compared to larger western US cities like Los Angeles, San Francisco, and Seattle.
Austin
This southern Texas city is the state capital, and it’s also home to the main campus for the University of Texas. It’s culturally rich with all types of artists living here who help to create the city’s distinct vibe. Home prices are safe here, and you can always find renters, both short and long-term. Many companies are headquartered in Austin, and young professionals are eager to get in on the real estate market. You can make quick cash or buy a property to see residual income for many years to come.
Memphis
Next to the mighty Mississippi River, this city in western Tennessee is considered by many to be the birthplace of blues and rock n roll. Also, it’s a hit with BBQ lovers. Real estate prices are very low in comparison to other major US cities. People love to settle down in Memphis, but they also love to flock there for vacation in the summer. Iconic locations, like Elvis Presley’s Graceland and the Lorraine Motel where Reverend Martin Luther King, JR was shot and killed, are among the popular tourist stops.
New Orleans
Also adjacent to the Mississippi River is the city of New Orleans. There is an eclectic mix here of African, Creole, English, French, and Native American people. It’s a huge tourist destination that hosts widely-popular events like Mardi Gras and the New Orleans Jazz & Heritage Festival. New Orleans is the economic hub of Lousiana, and all types of companies are headquartered there. In recent years, the film and TV industries have been booming in this Gulf Coast community. That’s more renters on top of the annual vacationers.
Boise
The real estate values here appreciate at a consistent average year in and year out. If you want to invest in a city out west, Boise should be among your considerations. The capital of Idaho, this community is a nature lover’s paradise with mountain views that go on for miles. A mix of college students, young professionals, and working families live here. Many retirees also have chosen to move here, and the town is great for rentals and sales.
Myrtle Beach
Should you be interested in a beach community, consider the lovely city of Myrtle Beach on the coast of South Carolina. Every year spring breakers and summer vacationers flock to this town. Retirees help keep the available properties full in the fall and winter. If you want a vacation property for your family, you will love this city. It’s very kid-friendly, and people of all ages have no shortage of entertainment, leisure, and recreational activities to enjoy. You also should have no trouble renting your property to people in need of a beach community rental.
Asheville
Where the Blue Ridge Mountains give way to the ancient Appalachian Mountains sits this Buncombe County, North Carolina gem. Asheville is a food, music, and shopping oasis full of small businesses owned by amazing local talent.
College students, retirees, and vacationers love to spend some time in this city, and you should have no problems with leasing or renting your investment(s). Many families choose to settle here for the culture, great school, and a wonderful quality of life unique to the southeastern United States.
Las Vegas
Take a gamble on Vegas, and your decision should pay off big for you and your potential co-investors. It’s not just a city, though, where people spend a short amount of time hoping to suddenly get rich.
Families, single professionals, and retired persons decide to permanently move here every day. You won’t have nearly as big of a price tag as you usually find in some of your other western US communities. However, your profits can be huge when it comes to rentals and sales.
Indianapolis
Don’t forget to think about the Midwest and how investing in Indianapolis, Indiana could be perfect for you. The city is the major hub for pretty much everything in the Hoosier State, and it also is the state capitol. Several colleges and universities are headquartered there, and many major US companies have their main operations in Indy.
In addition to a very active rental market, you can dive into low prices in the up-and-coming neighborhoods. Flipping could be very easy for you, and your sizeable return on investment could be fast.
Orlando
Orlando isn’t just home to Mickey and Minnie, but a ton of people flock here throughout the year to have fun at Disney and other amusement parks like Universal Orlando. Located in Central Florida, you can get to either side of the peninsula for beach time in just over an hour and a half. The city is full of short-term and long-term residents who need a place to live, and you should also know that the area is popular with retired people. Plus, families love to make this city their home. The rental and selling markets here are pretty much always hot.
Get the Best Bang for Your Buck
Whether going at it alone, with a business investor, or your family, one of these ten cities should provide you with lucrative investment opportunities. As you seek to rake in the most profit, consider any of these suggestions when making your decision(s). Your real estate purchase should bring you the results you expect and need.
Should you need more time to make your choice, consider bookmarking this information. That way, you more easily can find these recommendations in the future. Also, share this with anyone who could be helping you make your mind.
Best wishes as you move forward. Congratulation on taking advantage of all the various benefits of real estate investment. May your efforts yield you immediate and long-term success.