Top 4 Cities in the US to Invest in Real Estate
Investing in real estate is one of the most convenient acquisitions you could make in your lifetime. It’s even better when you choose to do it in the United States, one of the most thriving markets in the world. Therefore, it’s necessary to find the following features in the city where you decided to make your investment to maximize your returns:
Explore the high rental occupancy and check the available housing stock. It can provide inside information on how the market works in that area. Next, explore the high rentals relative to the mortgage repayments. If you can cover your mortgage with the rentals, evaluate the investment. Finally, a low tenant default rate can provide a relaxing environment for your future.
Check the top 4 cities in the United States that qualify for this investment:
Boise has a record of being one of the best cities to have long-term real estate investments. In 2020, Boise was ranked number 1 in the housing forecast. It was possible due to the increase in home sales by 0.3% and prices going up by 8.1%. Home prices continue to break records, and there is a tight inventory in the Boise Metro Area, even with the pandemic. The demand continues to be high due to the low mortgage rates for over 30 years. In Ada County, you can find a home at a sale price exceeding half a million dollars.
Houston has long been one of the best places to invest in real estate. Most of the oil and gas industry in the United States is established here, offering plenty of opportunities. Greater Houston ranks 5th as the largest metro region with over 7 million residents. It’s expected to grow double in the following years. Also, the city is home to 53 Fortune 1000 businesses and is only behind New York and Chicago. An average home in this area is USD 412,000, and the rental income is USD 1,550. These numbers show that Houston is a strong investment destination.
The third city you should invest in is Dallas, Texas. There is significant housing stock availability and high rental rates. In other words, you will obtain your returns rapidly. Also, you will find plenty of investment properties for sale, and the only commitment you need is your tenants. Around the city, you can hire a local property management company that can help you with this task. Due to its diverse economy, there is a niche for people of every income level. The statistic shows that 340 people move to Dallas every day, making it a perfect spot to start your investment. Additionally, there is an increasing rental demand that has reached over 14% from last year. In other words, it’s time to invest in real estate in Dallas.
Las Vegas, Nevada
Las Vegas is always on the top spots for investments. Throughout history, Las Vegas has had several real estate booms. It went over the top after the Great Recession. Most investors see Las Vegas as a stable and predictable market, which means you can make conscious decisions about your investment. In 2019, the city was the most preferable for investment in the United States. Nowadays, Las Vegas is thriving with new businesses, bringing more workers to the city and higher home values. It’s the proper time to invest in Las Vegas rental properties.
The United States remains the land of opportunities, especially for real estate investments. Now that you want to start looking for properties in the US, confirm you have the documentation for your trip. In this case, you may need the [US ESTA], a travel authorization mandatory for travelers who don’t need a US Visa. Travelers can use it for tourism and business. Also, you can trust **iVisa.com** with the digital procedure and have your travel document in your email inbox soon. The travel authorization is valid for up to 2 years and allows multiple entries. In addition, you can stay a maximum of 90 days per entry. Provide your passport details, and the travel authorization will be yours soon.