What market should I invest in 2019

[Garrett Diegel]

Looking for solid out of state markets with good cashflow and lower entry costs. Here are a few we are looking into.  Any info is definitely helpful.

1. Orlando FL
2. Jacksonville FL
3. Cleveland OH
4. Cincinnati OH
5. Indianapolis IN
6. Fort Worth TX

Thank you in advance 

[Amy Heitner]

Hey Garrett,

Just sharing some research that might be helpful.

Orlando

Job Growth: Orlando’s employment growth is among the best in the U.S. with more than 52,000 new jobs created in just a year and a projected growth rate of 3.2% annually for the next ten years.

Population Growth: Orlando’s population has grown 227% faster than the national average over the last 7 years, and with all the new jobs coming to the area, it’s very likely this trend will continue in 2019.

Affordability: In Orlando it is still possible to purchase fully renovated 3-bedroom properties in good neighborhoods for as little as $156,117.

Jacksonville

Job Growth: Forbes ranked Jacksonville #3 on their list of best cities in the U.S. for jobs with a growth rate of 3.16% this year. The region also has a world-class health care system, with more than 20 hospitals and a growing bioscience community.

Population Growth: The population in Jacksonville has grown 24% since the year 2000, and continues to grow by an average 2% annually. Future job growth over the next ten years is predicted to be 39.21%.

Affordability: In Jacksonville, the median home price is about $171,000, which is 15% less than the national average. A typical 3 bedroom home can rent for 15% more than the national average. These factors show us that there’s a strong opportunity for cash flow in the Jacksonville metro.

Indianapolis

Job Growth: Indianapolis is one of the fastest growing hubs for technology, bioscience and Fortune 500 companies in the nation. In fact, Indy is the ONLY U.S. metropolitan area to have specialized employment concentrations in all five bioscience sectors: agricultural feedstock and chemicals; bioscience-related distribution; drugs and pharmaceuticals; medical devices and equipment; and research, testing, and medical laboratories.

Population Growth: With a metro area of over 2.1 million people, Indianapolis is the 2nd largest city in the Midwest and 14th largest in the U.S. Since 1989 Indy’s population has grown over 36%, and continues to grow at a rate of 1% annually.

Affordability: Indianapolis is among the few U.S. cities where you can purchase turn-key properties for only $60,000 to $120,000. In 2018, the median monthly rent for three bedroom homes in Indianapolis was $1,208, which is 0.84% of the purchase price of $143,000. This is higher than the national price-to-rent ratio of 0.74%.

Wishing you all the best with your next investments.