Answers
Where in US is the best place to buy real estate now for appreciation and rentals?
I am looking to buy my first investment property. I have heard about many markets people are looking at, and I am having problem choosing one of them.
Best Answer:
Baltimore/DC/Northern Va 28% appreciation rate last year. market has slowed some but still moving. Lots of opps to rehab and flip quickly
Answers:
I would say either CA, or FL.
California, Florida, Pennsylvania, virginia, some parts of Texas
Follow trends in the way people are retiring - more and more retirees in the coming years, but property values are going to come down some in overpriced, weather-torn Florida.
Look at more people going to beach sides closer to their traditional homes - East coast properties with exception of Florida, especially Georgia, S. Carolina, and N. Carolina, and Cape Cod areas
I think either Texas, or California...
I bought a property in dallas texas area last year, it's cheap enough so that I don't have to worry about not having a renter...
however, this is definitely a more long term investment...
and the appreciation rate and rental marketing time is slower and longer...well, Texas is not california.
I live in Chino, CA. I just bought another 2 bedroom townhome here in chino in a new community. it's beautiful and it's brand new from a builder...in this kind of up and coming community, your appreciation potential is much higher and faster! once the community is completed...usually the price is way up already...
on top of that, in california it's so easy to rent! my property is not ready until next month, I just listed it for rent yesterday, and I aldready have 2 appoints for this week and also one rental application that's coming in tomorrow.
I think it's awesome! but, I may be biased...because I am real estate agent here...hahaha...and I love owning properties...whenever I see good deals I just can't resist...well, but the rental market here in this community is really good because it's so easy to commute...it's at the 4 county area which border SB, LA, OC, and Riverside...plus 24 gym, ridiculously huge pool, renonwed school district, and pool tables, poker rooms, free internet access and business center and more...renters love it!!
some of my clients like to invest in 4 units, duplexes...but I love brand new condos and townhomes in southern california, because if you look at the price you pay as compapred to the rental income, and also potential appreciation...new townhomes in the inland empire area is very good...on top of that--zero maintenance! it's all builder warrantied! Trust me, it's gooooooooooood........if I have more money I will buy another one in this community right now..hahaha I guess I gotta sell more houses to do that now...don't get too greedy...i see that this is your first property, so do it in a safer place, there are a lot of things to consider, such as long term appreciation, short term rental income, and your monthly mortgage...email me if you need more info or opinions, or you want to let me show off the townhome that i just bought! good luck!!
Did you know it is a scientific fact that people who live in states where the whether is typically sunny live happier lives. Out west and down south would be the places where I would suggest investing your money. I live in MI and one week ago our temperature was in the negative zone. Up in the northern area of MI we had 100in of snow fall, that's like 9 1/2ft. No one wants to live here. The only catch is that the property in popular states such as GA,FL,or Cali are much pricier. Hopefully you'll invest well and make lots of money.Kisses.