Looking for the best real estate investing locations for rental properties?--Bay Area Real Estate Investments
There are deals to be found everywhere across the country in real estate right now. How does one stay ahead of the competition and locate consistent income and large returns?
One way is to check out cities where unemployment is the lowest. This is for who are determined to build a strong portfolio of rental properties. Job opportunities are causing these decreases in unemployment and drawing new residents to the area.
Most new residents will be more likely to rent before they decide to purchase, thus creating a high rental demand, lower vacancy rates and due to competition, a higher rent rate.
If this is the type of investing you are looking to do, here is a list of where America’s lowest unemployment rates are right now.
According to The Labor Department the following 9 cities were top of the list at the beginning of 2012 and their unemployment rates:
1. Midland, Texas – 4.1%
2. Mankato, Minnesota – 4%
3. Logan, Utah – 3.9%
4. Ames, Iowa – 3.8%
5. Iowa City, Iowa – 3.8%
6. Burlington, Vermont – 3.7%
7. Lincoln, Nebraska – 3.2%
8. Fargo, North Dakota – 3.1%
9. Bismark, North Dakota – 2.8%
You may also consider a buy and hold strategy in some of these areas because their home prices remain low. You could buy low now and lock into a market that anticipates mounting returns and increasing equity.
Of course there are other factors to consider before real estate investing in any specific locale. Do your due diligence before investing anywhere.
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