Because of the chance to gain recurring income from leases, real estate remains an attractive asset class for investors. If the market conditions are ideal, the costs associated with servicing your mortgage can be entirely covered by your monthly rental income. Interest rates are still low, so debt remains cheap. In terms of buyer demand, the record-low mortgage rates and lack of inventory have held the US housing market solid. Pushed by the pandemic, high housing demand is driving prices crazy. As of now, the US housing market remains a hot real estate market for sellers, with annual price growth hitting record highs and continuing to decline in inventory. Here is a chance for investors to take some tips from an expert like Victor Vickery whose strategies and plans as a real estate entrepreneur have never failed to yield returns.
In order to select the best places to invest in real estate in 2021, you must do extensive analysis. All real estate is local so you must understand the local factors that can impact your investment in the future. It’s a perfect choice to select single-family rental homes for investment. They offer an inexpensive and versatile way to meet the needs of families and people in need of quality housing.
4 cities to invest in real estate in 2021
Dallas, Texas: High housing stock supply and high rental rates compared to the price of the house make it an affordable market to invest in. A broad variety of investment properties are provided by the Dallas real estate market; you just have to find your tenants to rent out the house. Since it has a very diverse economy, you should think about investing in Dallas real estate, so there is a niche for people of all income levels. It is estimated that every day, 340 individuals travel to Dallas-Fort Worth. Over the past year, demand for rental units has risen 14 percent, so it’s the perfect time to invest in real estate in Dallas.
Atlanta, Georgia: For the smart rental property owner, Atlanta offers enticing buying opportunities. In the last decade, the city’s population has increased by over 14 percent. The housing demand is motivated by this rising population. The city of Atlanta is situated in the state of Georgia and is a hotspot for every form of investment in real estate. Atlanta is the capital and commercial center of Georgia. It is regarded as one of the 10 most active states that contribute annually to the GDP of the USA. As the city continues to undergo an economic boom, property prices in Atlanta are expected to
grow in the coming years.
Las Vegas, Nevada: During the Great Recession, he saw an enormous real estate bust. The recovery of Las Vegas did not make the same headlines as the 50 percent or greater drop in home prices a decade earlier. Yet its recovery ought not to lock investors out. The Las Vegas real estate market is both stable and predictable for experienced buyers. The Las Vegas housing market has been the hottest in the United States over the course of 2019. Its friendly business climate benefits the economy and leads to the optimistic developments of the Las Vegas real estate market for 2021. Las Vegas home prices posted the largest year-over-year increases in home values, totaling a 13 percent rise.
Orlando, Florida: Listed #2 in Forbes’ Fastest-Growing Cities in America. Orlando is a favorite for tourism and entertainment, which is why it remains a good investment destination for real estate. Investors have a choice of using their properties to enter the long-term residential or holiday markets. They both offer solid returns. The growth is linked to the increasing population and job opportunities in this city, which leads to more rental income and tourism, contributing to a better city economy.
Conclusion
Many other regions of the nation are experiencing tremendous demand booms and, as a result, the price of homes is rising sharply, higher than the rate of inflation. That has made their prospective buyers unaffordable for many homes. Both of these factors cause more and more individuals to opt to rent a home rather than purchase one or stay longer in their rental than they had initially planned. Victor Vickery, being an expert studies and analysis each and every market thoroughly and develops plans accordingly.