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10 Best Cities For Buying Investment Property

By
Services for Real Estate Pros with Platinum Properties Investor Network

Buying real estate investment property is one of the best ways to invest your money, period. Not only can you borrow the financing required to purchase income property (leveraging debt and inflation), but you can rent it out to tenants in order to pay for your mortgage while ultimately earning the rights to a free and clear ownership title once all is said and done. This has been proven time and again throughout American financial history and is echoed by the philosophies of investment experts such as Robert KiyosakiDonald Trump and Warren Buffet. Lucky for you, Jason Hartman now offers you free investment advice and affordable guidance on the real estate deal of your dreams!

1. Atlanta - the only way to describe the Atlanta real estate market is "insatiable." When it comes to American cities, Atlanta is a story for the history books. First founded as a railroad hub of the southern states, it refuses to stop growing at an exponential pace while attracting dozens of corporate headquarters. It's population continues to grow by the millions while the number of transplant professionals looking for rental homes surges by the week. Get your hands on an Atlanta income property today!

2. Dallas - not only home to all kinds of cowboys, Dallas is continuously rated as one of the best cities in America for business and real estate by Forbes and all kinds of business journals. Their market-friendly approach, favorable tax climate, proximity to freeways and high quality of life promise a bright present - and future - for real estate investors.

3. Phoenix - when it comes to return on investment, this market won't quit. Not only does Phoenix continue to attract dozens of Fortune 500 and Fortune 100 companies, but the ratio of affordability to rental income potential is one of the best in the country, and quite consistently. Did we mention it's the 5th largest metro area in the United States, and that it's sunny year-round?!

4. Indianapolis - Combine a low cost of living, a bunch of the top sports franchises, ever-increasing recommendations by Forbes magazine and increasing employer presence... this is the gold mine that is Indianapolis. When a city in the Midwest manages to lead job growth nationwide in the midst of a massive economic recession, you should take notice if you are ready to buy income properties.

5. St. Louis - Home to very proud residents that welcome a surprising amount of tourism and visitors each year, this river city keeps on impressing investors. With a ton of top American corporate headquarters and a wide variety of healthy industries from manufacturing to high-tech, this jewel of Missouri just won't quit. Check out her ambitious sister town listed below...

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Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Surprised I didn't find Florida on your top 10 best cities for buying investment properties. Thanks for sharing.

Oct 17, 2011 09:10 AM
Delores Campbell
Keller Williams Realty - Chesterfield - Wildwood, MO
Your St. Louis Real Estate Resource

Hi Jason.  Thanks for sharing the list.  My town made #5 and yes it is a great city to buy investment property.  GO CARDINALS!

Oct 17, 2011 09:50 AM
Jason Hartman
Platinum Properties Investor Network - Costa Mesa, CA

Thanks for your comments Pat and Delores. 

Pat - "Florida" is a VERY broad market. Which markets/cities in Florida are you suggesting? We have suggested very specific areas there in the past, but these other markets are making more sense at this time. 

Delores - congrats! Do you own income property in St. Louis?

Oct 17, 2011 11:05 AM
Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

Jason ... I like this article about best cities for buying real estate investment property and would like to see a SoCal and perhaps Orange County city on this list. 

Nov 01, 2011 07:04 AM
Jason Hartman
Platinum Properties Investor Network - Costa Mesa, CA

Hi Harrison, 

I have no problem adding a SoCal city to this list when it makes sense. Even though SoCal and OC cities have taken huge hits over the past several years, there are still two major factors keeping me from recommending these markets. 1. CA is not a landlord friendly state and will most likely never be. 2. Compared to the 10 cities listed here, rents in SoCal and OC are not comparable. You can buy two or more income properties in these suggested markets and get double, even tripple the amount of rent as you would here. 

Bottom line, I gotta recommend where it makes sense for investors! If you would like some more information on my thoughts and reasoning behind these claims, feel free to visit my website and listen to my podcast.

http://jasonhartman.com/

-J

Nov 01, 2011 07:37 AM