What are your goals for this year? If you're tired of run-of-the-mill resolutions, which are usually things you should be doing anyway, why not try your hand at something that requires more commitment?
The rewarding world of real estate investing awaits. Here are the best real estate investment markets to inspire you to try bigger and better things in 2020.
The Best Real Estate Investment Markets Depend on You
There's no one-size-fits-all answer to the issue of the best markets for real estate investment. A market that suits your location, budget, and circumstances may not suit someone else.
Anyone can learn real estate investing and thrive at it, as long as you stay informed.
Some of the factors to watch include fluctuations in population growth, affordability, and job growth. In that light, there are some areas that show great promise for the coming year, and here they are.
This Alabama city is one of the most affordable places in the USA, making it a good fit for your first real estate investment. Property prices are reasonable, the job market is steady and people are well paid in Huntsville.
What's more, around 38% of Huntsville's growing population are renters. All these attributes are great news for real estate investors looking for a side hustle that brings in passive monthly income.
Pittsburgh, Pennsylvania, is a boomtown of big business, finance, and oil and gas endeavors. As a result, the job market is steady and still growing.
The city has a high ratio of millennials which is good news for prospective landlords since this generation prefers renting to buying. You can pick up a house for as little as $73,000 in some neighborhoods, and the average cost of a house is just $141,000.
Jacksonville in Florida
it seems everybody wants to live in Florida and Jacksonville is a top choice for employment seekers lately. This city is home to four Fortune 500 companies and a growing bioscience community.
Despite its popularity, home prices in Jacksonville are less than the national average at $171,000. However, renters pay up to 15% more than average.
Low property taxes and insurance, as well as no state income tax, make Florida one of the country's top real estate investment markets.
Another fair-weather Florida destination, Tampa Bay has always been a popular place for tourism. Now, it's population growth is skyrocketing thanks to opportunities with Amazon as well as numerous Fortune 500 companies.
You can find relatively affordable houses in some Tampa neighborhoods, and rentals are high due to demand.
Finally, Orlando is the top place for real estate investments this year. This city has been drawing the crowds for years and boasts the best of everything a real estate investor could hope for.
Great employment rates and high rentals make Orlando one of the best places to invest in 2020. What's more, if you buy now, you're bound to find high demand and higher prices if you decided to sell.
Make 2020 Your Own
If you're not quite ready to venture into the best real estate investment markets on your own but feel like you could achieve more in your career, keep reading our blog.
Whether you want to discover the joys of being your own boss or are looking for a new career to start off 2020, we have all the best inspiration and information you need to succeed.