A rental property is an investment asset that offers entrepreneurs a low-risk return without the hassle of day-to-day stock or bond position management. Those that do decide to take the plunge into cash flow real estate will need to identify the best places to invest their money in order to get the highest payouts possible.
Today, we’ll look at some of the best rental markets in the United States and examine why they are so lucrative for potential investment.
Tuscon, Arizona – This area tops most of the lists for best regions to own rental properties. Arizona was one of the hardest-hit states during the subprime mortgage and foreclosure crises, along with several other Southwestern states. With prices down over 30 percent over the past three years, many homes in the area remain in the bargain category.
San Jose, California – HotPads, a Web-based rental rate portal, provides up-to-date listings for rental properties in almost any market. Its statistics show that average rates in the area range from $1,200 to nearly $4,000 in some neighborhoods. With a renter vacancy rate of 3.8 percent, you can see how many people in this area are competing for good places to live.
Boston, Massachusetts – New England metropolitan areas generally have high rental interest demographics, but Boston is the undisputed East Coast champion for demand. With vacancy rates of about 4 percent in the Great Boston area and just below 2 percent downtown, people are fighting tooth and nail to lock down a lease. Smart investors who are able to pick up real estate in this region – where rents can go as high as $3,000 per month – will have plenty to be happy about.
There are many other areas around the country to explore for rewarding cash flow real estate properties. GreatWealthStrategies.com has a number of services and resources available for investors who want to move away from the stock market casino and put their money in a tangible and useful asset. Learn More Here – Real Estate Done Right and Done For You!