Invest In Real Estate - But Where?

Real Estate Agent with Windermere Real Estate WA.127080


Where should I invest in real estate?  I think Alaska is great place for it. We moved to Anchorage to invest for a few reasons.




Reason #1, it is great place to live! Clean and beautiful. (Big wild life.)




Reason #2, Alaska has great economy and it was doing ok while other states were suffering. The state economy is strong and split in few branches: oil, military, fishing, mining, tourism. 



Reason #3, Anchorage sits between the ocean and mountains so it doesn't have enough space to build Single Family Houses for everybody. Because of this there are many multi-families in the city and they have better return on investment and there are great tenants!

Call me today to talk about investment in real estate!

Larysa Nisen

Text MARKA to 8-777-8 to get your FREE cellphone application from CENTURY21 to hunt for your investments. ♪ ♫ ♪ ♫ ♪♪

Original content by Mark R. Hardy

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 or little job 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. Right now, areas with little or no jobs are not growing because high oil costs are forcing people to move closer to town and thus, closer to their jobs.

 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.


Investing in real estate pays off!


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 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?

 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. Give me a call today if I can help you in your real estate search here in the valley.


Mark R. Hardy, REALTOR®, CSSPE®

DPR Realty, LLC.
(cell) 480.773.5195
(fax) 360.937.2560

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Comments (6)

Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks Larysa, I have thought about investing in AK it would be nice to have a financial excuse to go visit your great state, however I find that the best investments that I have are generally within a mile of my home, so I think that Alaska investments may just have to wait until retirement.

May 19, 2012 04:28 PM
Larysa Nisen
Windermere Real Estate - Bellevue, WA
425-505-7400 text ok

Bob, thank you for your comment. I am with you here. Best investment is within short distance from your home! But in our case we were living out of country for long time. So when we decided to move in US and do investments in real estate as a retirement plan for our future....  it was really serious. So we chose Alaska as part of our plan just because those factors I described in my post.

You are very welcome to visit Alaska! And may be you will change your mind... ♥

May 19, 2012 05:06 PM
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

I think my husband would move to Alaska in a heartbeat...I on the other hand love the hot weather and the sun shining every day.

Would love to visit though!

Thanks for reminding me...

Eve in Orlando

May 19, 2012 08:31 PM
Larysa Nisen
Windermere Real Estate - Bellevue, WA
425-505-7400 text ok

Great! We were thinking about it too...

How to escape from long winters in AK..?

We think the best idea: live summers in Alaska and winters in Florida.

During summer we have more sunshine in Alaska than anyone anywhere else. But we have sunshine even in winters. And if you are a Realtor and do not seat all the days in office without window, than you can see ☼. Than long winter stories not for you. ☼

May 20, 2012 05:30 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I have a friend who spends her summers in Wisconsin with her mother then spends her winters in Alaska, where she can be involved in dog sledding and all of the great things that can be done in Alaska when the trails are all frozen.

It seems like a good plan to me.

May 20, 2012 12:17 PM
Larysa Nisen
Windermere Real Estate - Bellevue, WA
425-505-7400 text ok

Yes, I think it depends from what you love to do. But in Alaska there is always time to do something.

May 20, 2012 05:06 PM