Invest In Real Estate But Where

Invest In Real Estate But Where



Invest In Real Estate - But Where?
Where should you invest in​ real estate? if​ you know an​ area well, and​ have enough experience investing in​ real estate, you can make money almost anywhere .​
However, there are always places that are better or​ worse for​ real estate investments - places that have a​ better demand/supply ratio .​
Use the​ questions below to​ find them.
Demand Questions
1 .​
is​ the​ population growing fast? Check the​ US Census figures online, or​ ask the​ local government if​ they have the​ statistics .​
Stay away from areas that have little growth.
2 .​
is​ job growth decent? Again, ask local authorities or​ use the​ census information .​
You want to​ see job growth equal to​ or​ exceeding population growth .​
The people have to​ have money to​ pay for​ housing.
3 .​
Decent quality of​ life? This is​ subjective, but important .​
Are there theaters and​ bookstores? Count coffee shops and​ cafes .​
Trendy areas usually have increasing demand for​ housing .​
It's also a​ good indication of​ a​ high quality-of-life if​ people are willing to​ take lower-paying jobs just to​ live there.
4 .​
Wealth in​ the​ area? It is​ always a​ good sign when there is​ some degree of​ wealth in​ a​ town .​
Count rich homes .​
Wealth means everything doesn't die when the​ economy slows.
Supply Questions
1 .​
How much new construction? the​ census figures can tell you what's happened over the​ last ten years .​
Then check with the​ local authorities to​ see if​ the​ the number of​ housing units they've issued permits for​ is​ more or​ less than the​ expected population growth.
2 .​
How many homes for​ sale? a​ lower supply of​ homes for​ sale means upward pressure on prices .​
This indirectly drives up rents as​ well, which makes for​ better investing.
3 .​
Rent and​ vacancy levels? Are rents high enough to​ justify investing? Are vacancies low? When we first came to​ Tucson, every building had vacancies, and​ we saw a​ man holding a​ sign that read, Apartment - $250 Per Month .​
Great place for​ renters, but not a​ great place to​ invest in​ real estate.
4 .​
Available land that is​ buildable? Less is​ better for​ future appreciation .​
When the​ land runs out, the​ prices start accelerating upwards.
Use these questions to​ compare various towns and​ cities, and​ you'll see the​ differences more clearly .​
You'll see how housing demand compares to​ supply in​ each .​
Finally, you'll see where it​ is​ better to​ invest in​ real estate.




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