• Home
  • About
  • Recommended Reading
  • Disclaimer
  • Privacy Policy
  • Advertise / Contact

Invest It Wisely

Maximizing your EV in life

  • Home
  • Growing Your Wealth
  • Small Business Solutions
  • Healthy Living
  • Miscellaneous

Best Cities to Invest in Real Estate

By Mich

making fortune in real estateIf you’re contemplating investing in real estate, this is a wise decision that could pay off in dividends for years to come. Before you make the decision to invest in any kind of real estate, it’s important to think carefully about that old real estate adage, “location location location”. Deciding the right location to focus your real estate investment efforts can have a significant impact on your feelings about real estate investment overall as well as your success. There are several different places you should certainly consider investing in the United States if you’re relatively new to the game.

Whether you’ve already got a few investment properties or this will be your first time, the fact that so many people love visiting and living in Florida makes it a great place to identify good properties. There are other areas around the country that also should make your shortlist, though, but ensure that you’ll be close enough to oversee any upgrades on the property in order to make your investment property a true success.

Tampa Florida

People are moving to Tampa Florida at a rate higher than the national average. Employment also has expanded by 2.6% in recent years across Tampa. This makes it an excellent place to consider moving to. Average home prices are also relatively high in Florida coming in at around $193,000. It’s important to know as well that Florida is a hotspot for real estate investment, where home prices have been accelerating from between 9% and 14% across all Florida cities. Florida attracts many second home buyers, investors and retirees.

Grand Rapids Michigan

Much like Tampa, employment in the Grand Rapids area expanded by 3.9% and the population growth rate held fairly steady at 3.1% per year, still higher than the national average.

Orlando

Orlando is home to a great deal of tourism and second properties, but it’s boon as a cultural and entertainment center draws many different people. Investing in real estate in this location gives you peace of mind that there is definitely the market there to cash in on.

San Antonio

The homes in San Antonio average $201,000, and despite the fact that many other areas of the country were heavily impacted by the most recent recession, the Texas housing recession was relatively shallow and it bounced back with tremendous force shortly after.

Dallas

Another Texas city makes this list because of the Lone Star State’s draw for new residents in general. The three-year growth rate for people moving to Dallas is 6.2%. Home prices in Dallas also averaged $211,000 and the diversified economy of Dallas makes it a hotbed for potential residents.

Boca Raton

As there are a couple of other Florida cities already prominent on this list, it likely comes as no surprise that Boca Raton is a great place to consider investing in real estate. Boca Raton real estate attracts many people moving into luxury properties and second homes and the various amenities of the area provide an array of cultural offerings and outdoor activities.

Real estate is beginning to provide many opportunities to invest in recent years and these are just some of the cities out there that are a great to invest in.

Related Posts Plugin for WordPress, Blogger...

Filed Under: Growing Your Wealth, Real Estate

About Mich

Mich is your typical middle class guy with a house and 2 kids minus the dog. He works in the IT industry and likes to muse about how to achieve more for less when it comes to money.

About Invest It Wisely

Invest It Wisely is about evaluating the choices that each of us face everyday. It’s about investing your time, your money, and your energy wisely, in order to achieve your goals. The end goal is maximizing your life expectation, and exploring the ways to get there.

Subscribe!

Subscribe via RSSSubscribe via EmailSubscribe via TwitterSubscribe via Facebook

Most Popular Posts

  • How to Get Fit, Feel Better, and Get Rid of Your Foggy Head: A Few Simple Steps
  • 3 Frugal Ideas for a Romantic Valentine’s Day
  • What Would You Do with a Million Dollars?
  • The Importance of Opportunity Costs, and Why They Should Not Be Ignored
  • What Do You Need to Get out of the Rat Race and Achieve Financial Freedom?

Categories

  • Avoiding Scams
  • Book Reviews
  • Crypto Trading
  • Currency Trading
  • Economics
  • Financial Freedom
  • General Reviews
  • Growing Your Wealth
  • Healthy Living
  • Insurance
  • Interviews
  • Investing
  • Investing
  • Market Analysis
  • Miscellaneous
  • Motivation
  • Opinion
  • Paying Down Debt
  • Philosophy
  • Precious Metals
  • Reader Questions
  • Real Estate
  • Relationships
  • Saving Your Money
  • Small Business Solutions
  • Stories
  • Uncategorized
  • Weekend Reading

Archives

Invest It Wisely Copyright © 2016
Creative Commons License
This work by Invest It Wisely is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License
Permissions beyond the scope of this license may be available at http://www.investitwisely.com/contact