Real estate investment is a lucrative way to watch your money grow. Investing in property is a form of alternative investing that can be a great way to grow your money, in addition to investing in the stock market, a Yieldstreet wallet, fine art, or a prism fund. According to a 2020 study, 31 percent of Americans think investing in property is the best way to grow their money. Investing in property is a sound investment strategy. If you’re interesting in alternative investing, a good place to start getting info is with Yieldstreet. Yieldstreet offers information for new investors, and even Yieldstreet complaints only talk about the fact there’s a high minimum investment amount. When it comes to property investment strategy, minimum investment is moot, since you’ll probably be contacting a lender about a mortgage which you’ll pay off quickly by either renting or selling to new homeowners.
Property investment provides better returns than the stock market, has a high tangible asset value, can serve to diversify your portfolio, and comes with numerous tax benefits. In the long run, it can be a sound form of alternative investing. With all that said, some locations provide better fits than others when it comes to property investment. The only downside is that there are too many locations to choose from when it comes to property investing. Below we’ll highlight the top 8 places for you to invest in real estate.
1. Vancouver, British Columbia
Outside of being one of the top television and filming production locations in the world, Vancouver, British Columbia is a great place to invest in property. With the population reaching just over 675,000, there are plenty of opportunities to invest in property in the area.
Vancouver includes growing “energy hubs”, which are emerging neighborhoods that cater to an influx of new people which leads to a revitalization of the local economy. This demographic of potential home buyers will more than likely utilize companies that provide home equity loans in BC (British Columbia), for purchasing their first homes. Having a home loan provides homeowners with a way to purchase their first homes and gain home equity for a manageable monthly payment. Of course, the monthly payment on a line of credit like a mortgage will depend on the home buyer’s credit score and down payment. In many cases, these first home purchasers will be working with a lender to take on their first mortgage ever.
This is a win-win scenario for both you, a property investor seeking clients for your new properties, and for those potential home buyers especially since this is just a train ride to check some of the best penthouses in Toronto. It’s great for you if you are looking at selling to some of these first time homeowners. Property investors, such as yourself, would do well to investigate areas such as these for a sound investment strategy like property investment opportunities.
2. Austin, Texas
Austin, Texas is one of the best places in the United States to invest in homes. The area includes a strong job market, natural outdoor beauty, and a laidback lifestyle for potential home buyers. When you see such a successful business as Venterra Realty with property investment roots in this area, you have to consider that this area might be a good place to look for home investment opportunities for yourself. Follow the Venterra method, and invest in Austin.
When you’re getting into investing in this asset class, decide what your minimum investment will be and take a look at what pros like Venterra are doing. You can learn a lot as a borrower-turned-investor from professional and seasoned brokers in the area before ever approaching a lender.
3. Atlanta, GA
Atlanta, GA has become a high-profile city over the past decade. The city acts as the headquarters for some of the world’s largest companies, is a leader in film and television production, and is home to the busiest airport in the world. For a property investor, Atlanta offers an array of appealing buying prospects. Venterra Realty even has properties located through the metro Atlanta area. Though it may not be as large and as busy a metropolis as New York City, Atlanta is a city that should not be overlooked for investment opportunities.
The population of the city has grown approximately 14 percent over the last decade, and this has created a demand for housing, which is good news for a property investor looking to sell to new homeowners. Secondly, Atlanta shows continuing growth in population and employment. These are good markers for a current need for housing, so investing in homes in Atlanta is a good option for an accredited investor like yourself.
4. Terrace, British Columbia
Neighboring the city of Kitimat is Terrace. This city is another place to consider for property investment, as Terrace is transforming into a massive agricultural and technological zone. A local company is going through a $100 million development deal for the city’s industrial park, further adding to the city’s growing economic transformation.
Commercial properties in the area are doing particularly well, with building permits for commercial dwellings jumping more than 300 percent. Terrace also includes an airport and several retail options for families throughout the area. Investing in an area like this is a more sound investment opportunity than investing in the stock market.
5. Las Vegas, Nevada
The city of sin is great place for home investors to consider. In 2019, the property market in Las Vegas was one of the most stable and predictable markets in the United States. New businesses are popping up in the city on a regular basis, and this is helping the home market trends to grow going into 2020. The thriving tourist industry also acts as a huge draw for people moving to the state. This, in addition to workers who already live in Las Vegas, and are looking for new homes that are closer to their places of employment, puts you in a great position to make a killing on this type of investment.
6. Orlando, Florida
Orlando, Florida is another tourist-friendly location where you can also invest in real estate. Real estate investors here can look into either investing in long term/ primary residence areas or holiday markets with different properties. The economic outlook is good enough that you can invest in potential homeowners who might want to live in the area year-round. You will have just as much success with investing in vacation rental locations in the city. For these reasons, it would be a good idea to invest in Orlando for property investment opportunities.
7. Kitimat, British Columbia
With real estate investing in Kitimat, British Columbia, the opportunities are boundless because of the construction of a new liquefied natural gas pipeline. With the construction of this pipeline, new employees will come to Kitimat. In addition to this, oil and gas-friendly businesses will soon populate the area, bringing the needed influx of people which a real estate investor might need to start looking into new property investments.
8. Spokane, Washington
When it comes to real estate investment in Washington State, more people might think that Seattle is the hottest spot for such opportunities. That’s not the case, as Spokane is the leading contender when it comes to this type of investment in Washington. Though it’s a small city, the good news is that Spokane is a rising area for active investments, even if you have to take out a personal loans.
House prices are relatively cheap, standing at a median price of around $265,000 for a home’s value. Even in light of the Coronavirus, the housing market for this area is looking better than Seattle’s for the first time in a number of years. Spokane is a good option and a better fit for those property investors who are seeking a sound investment.