Answers
What is the best place to BUY real estate right now? Please explain why?
I am basically looking to buy 5-8 properties in a certain location abd renting them out for 5 years and selling them after they have gone up maybe 90%-120%. Basically I need a area which has a fairly large renters market and also has appreciation in value of the house. Thank You. Please list qualifies answers only.
Best Answer:
It's difficult to answer your question without knowing where you live. If you don't live near your properties, it's going to be a challenge keeping up on repairs and tenants. Look for properties where you live now, or within a reasonable driving distance. Good luck!
Answers:
Yep, CA and FL will always be the appreciacion leaders, but no one can tell the future.
It seems the key areas that do well are warmer areas that have lots of koreans, chinese and hispanics.
I think the south has great promise, North Carolina in particular....real estate is cheap compared even with detroit, but there is no harsh winter. But i dont think it will appreciate like LA did in the past few years....but it will stay strong.
I work in the Title Insurance Industry and I can tell you that the area I work in is a great place to invest in. Victorville, California. Also the surrounding cities. Over the last few years we have had incredible growth and price increases. Right now there is more inventory than last year so it looks like a buyers market but sales are increasing everyday. By the end of the year we should have about 6-10% increase. Contact me for more information: james222277@yahoo.com
Right now, people are buying properties in college towns and cities. Not only homes, but condos, duplex, apt. buildings. There is profit to be made in renting to those in college. I run an apartment complex in Greeley, Colorado and I am almost always at full capasity. I have 125 units.