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Updated almost 4 years ago,
US Cities Paying People to Move - Investment Opportunities?
Hi,
I’m a new real estate investor. I just bought my first condo in LA. I saw some articles online about some cities in the US paying people up to 15K+ to move there. Seems like a great way to buy a rental property in a an up-and-coming area. I realize that some states give different incentives like tax write offs not lite cash, but I’m interested in the ones that give either downpayment assistance or cash that can be used for a downpayment.
Is this a scam? If not:
Has anyone taken advantage of this and gotten good results?
Does anyone see any areas with a lot of upside on these lists?
Here are the articles:
https://www.google.com/amp/s/www.cnbc.com/amp/2021/03/16/makemymove-online-directory-of-cities-that-pay-you-to-move-there.html
https://www.google.com/amp/s/www.forbes.com/sites/laurabegleybloom/2021/02/03/want-to-make-money-this-us-town-will-pay-you-6100-to-move-there/amp/
https://www.google.com/amp/s/www.foxbusiness.com/money/these-cities-pay-you-move.amp
Thanks!