There’s no question that the Real Estate Industry continues to be one of the most powerful industries in the United States today. Specifically, it is thanks to large real estate investments and developments made each year that The United States economy continues to grow. If you want to get into real estate investments, 2020 is the year to start. What’s stopping you?
The real estate market is just as unusual as the weather’s been lately. Nationally, a trend is indicating that January is the new April when it comes to real estate, and the spring housing market starts … now.
Top 10 Cities for Rental Investments This Year
Head to the Midwest or the East Coast for some of the biggest hotspots to cash in on a rental investment this year, according to a new analysis from TurboTenant, a property management tool. Overall, 31 cities from 20 states are featured in the report, which names the cities for the best rental investments in 2020.
“When identifying the top 31 cities, the report looked for a positive ROI and high growth numbers across all data points,” says Sarnen Steinbarth, founder and CEO of TurboTenant. Researchers also factored in employment and population growth, increase in home values, and rental yield when identifying the top places for rental investments. Here are the top 10 metros to make the list:
A home costs more than just the sale price. For example, closing costs—which make up about 2% to 5% of the home’s purchase price—are a major added expense. Michael Hyman, a research data specialist at the National Association of REALTORS®, shares the charges that make up closing costs in a post at the association’s Economists’ Outlook blog so that home buyers can be prepared.
Most renters are probably all too familiar with paying a cash security deposit to ensure upkeep. In an attempt to alleviate financial stress, lawmakers are finding alternative options for paying security deposits up front…
Real estate investing isn’t a venture you should jump into without doing your homework – but properly executed, it is an effective strategy for creating lasting wealth. And if you are considering getting started in real estate investment and development, 2020 is the year to do it.
Accordingly, here is a list of the top 20 real estate investors and developers to keep track of in 2020:
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