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Updated over 11 years ago,
Best cities/areas to invest/move to?
Which cities/areas do you guys think got the best potential for real estate investing (growth)? and your reasons behind it please.
Should I look for the cities that dropped the most after 2008 (FL, CA, AZ, NV) or find cities with a lot of jobs, people constantly moving in? like TX, however TX the real estate there the appreciation is very slow, 1 to 3% yearly and land is vast real estate doesn't really go up that much I guess.
I am moving, and thinking about moving to some cities that got great potential for real estate in the next 10,20 years. Not sure if it's wise to move just based on the real estate market there, but it is a great time to invest in RE now right? I think 50% on my decision will be based on if I like the city/state, and 50% on how good the real estate is there. thanks (when do you guys think will still be a good time to invest in RE? next 1,2 years?)
I might just pick somewhere that I like to move to, and then get to know the market really well then start investing, instead of deciding which cities got the best potential for RE growth then move there, because I might not like the area even though it got good growth for RE. Should I do that? I guess nothing wrong with either one, just depends on what you like to do.....
my goal is to just hold and wait for it to appreciate, and have cash-flow renting it out. Might try to flip some houses with investment club or others (I am totally new in this RE investing thing) So yeah that's where I am at, I can move anywhere, just need to pick somewhere that I like to move to and where it also got good housing market potential. I have about 600k that I can invest in RE, I am self-employed so I can't really get loans/mortgages since I don't really have income. I am thinking about buying 50k to 150k houses, first few buy with cash then when I have rental income I can get mortgages on the later investments properties, what do you guys think about that plan? (I also have good credit)
thanks guys for reading and help