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Nov 16 - Top 10 Places to Invest in Real Esttate for 2020


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tygamann1  topics gone triple plat - Number 1 spot x1
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Nov 16 - Top 10 Places to Invest in Real Estate for 2020
 

 
#1. Austin, Texas



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After coming in 6th place last year, the Austin housing market is back on top for overall real estate prospects. The city also took first place for local expectation of investor demand in 2020 (up from 4th place last year). According to the PwC survey, Austin is a favorite among respondents due to its “deep talent pool, unique and popular lifestyle, and its ambitious commitment to business and real estate expansion”. The city’s strong economy offers many high-paying tech jobs especially after Google, Apple, and other tech firms decided that Austin is the place to be, bringing with them thousands of new jobs. In turn, Austin is projected to see the highest population growth rate in the US for the coming 5 years!

The PwC report also noted some troubles in the Austin real estate market, including ongoing traffic issues and rising housing affordability pressures. Additionally, the city has a lower level of supply when compared to other major cities in Texas. These real estate market trends are leading experts to forecast that Austin home prices will keep rising through the end of 2019 and into 2020. Our advice to real estate investors is to buy Austin rental properties sooner rather than later.

#2. Raleigh-Durham, NC

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Next up on the best places to invest in real estate in the US is the Raleigh-Durham real estate market. The metro market also topped the rankings for homebuilding prospects! The PwC report revealed that the Raleigh-Durham market has been seeing impressive real estate investment performance – especially in the multi-family sector. In fact, investment activity in Raleigh-Durham totaled $385 million in the first half of 2019. 70% of respondents recommended that investors buy multi-family real estate properties in Raleigh-Durham in 2020.

Moreover, it’s well known that this market has a concentration of educational institutions – the University of North Carolina, North Carolina State University, Duke University, and several smaller colleges. Coupled with the Research Triangle Park, this has branded the area as a technology hub. Now, the Raleigh-Durham real estate market has more than 89,000 tech jobs and ranks 3rd behind Silicon Valley and San Francisco in tech industry share, according to PwC. Thanks to this diverse economy and strong market fundamentals, real estate investors are guaranteed a good rate of return on a rental property in the Raleigh-Durham real estate market 2020.

#3. Nashville, TN

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The Nashville real estate market has always been an attractive location for property investors. After moving up from 5th to 3rd place in the report’s list of best cities for real estate investment, you can expect the demand for real estate investment in Music City to escalate even further! Out of the largest metropolitan areas in the US, Nashville has the lowest unemployment rate at 2.6%. The city’s economy is diverse and fast-growing, which is naturally a positive indicator for commercial as well as residential real estate investing. The high population growth that the city is experiencing each day is yet another reason why Nashville is one of the best places to invest in real estate in 2020.

Of course, Music City continues to be a popular tourist destination, visited by over 15 million people each year. From a real estate investor’s perspective, this translates into profitable short-term and Airbnb rentals. In fact, Mashvisor’s data shows that an Airbnb investment property in Nashville can be even more profitable than traditional Nashville rental properties. However, if you’re thinking of buying an investment property to rent out on a short-term basis here, you must have a permit as Nashville is going to ban non-owner-occupied Airbnbs starting January 1st, 2022.

#4. Charlotte, NC

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The Charlotte real estate market has moved up in the PwC’s survey rankings, placing 4th overall (up from last year’s 9th place) and 2nd for homebuilding prospects (up from 4th). Some survey respondents also stated that Charlotte is one of the best places to invest in real estate especially for beginners in the business. The city’s focus on infrastructure, technology, and manufacturing is empowering and diversifying its economy. In turn, this is attracting residents from across the nation to Charlotte and, hence, increasing the demand for housing – on both the purchase and rental side.

Like many other major cities in the 2020 US housing market, Charlotte is currently suffering from a lack of supply and limited housing inventory. Real estate experts forecast that this trend could carry on into the Charlotte housing market 2020 as well. This suggests that home prices could continue to rise over the months ahead and into 2020. For a real estate investor, this means that if you’re planning to invest in the best places to buy rental property, you have a greater chance of finding affordable properties for sale in Charlotte now.


#5. Boston, MA

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The Boston real estate market continues to prove its resilience as it moved up from being ranked 7th to the top 5 best places to invest in real estate in the US! Even though Boston is a small metro market compared to US MSAs with relatively slow population growth, it still enjoys a strong economic performance and real estate investment activity. According to PwC, the city ranks 6th place for real gross domestic product (GDP) per capita and is largely responsible for Massachusetts’s top-tier ranking on the gross state product map.

It’s well-known that the Boston housing market is an expensive one with a price to rent ratio of over 21. Nonetheless, survey respondents don’t expect this affordability issue to cause any slowdown in Boston real estate investment in the future. As a matter of fact, the Boston real estate market earned the 2nd highest score for investor demand – after Austin. The city still enjoys strong structural advantages like its outstanding educational institutions acting as a talent magnet, as well as its powerful tech industry that accounts for 10% of the job base. These are all good reasons to consider multi-family real estate for sale in Boston in 2020.


#6. Dallas-Fort Worth, TX

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Dallas-Fort Worth is the largest landlocked US metropolitan area and the 4th most populous one in the country. Dallas real estate had captured real estate investors’ attention last year after the city ranked as the #1 market to watch in the 2019 PwC Emerging Trends report. The fact that it slipped to #6 in this year’s report, however, shouldn’t stop you from considering the Dallas-Fort Worth real estate market when searching for your next rental property. The area’s economy is diverse and has a strong potential for future growth, which is a positive indicator for the best cities for real estate investment.

Moreover, Dallas-Fort Worth’s strong job sector is creating multiple employment opportunities which are attracting qualified professionals from other cities. This suggests that the demand for housing will stay strong in 2020. Housing supply, on the other hand, is low which is why prices are going up and experts in Dallas-Fort Worth predict them to keep rising in 2020. The DFW real estate market is also known for having high natural real estate appreciation, with an annual average of 4.1% since 2000. This is not expected to change any time soon, which is yet another reason for investors to feel confident about getting a good return on investment from a Dallas-Fort Worth rental property in 2020.


#7. Orlando, FL

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PwC survey respondents still believe owning an Orlando rental property is a wise and lucrative investment, scoring the city 7th for overall real estate prospects and 9th for development/redevelopment opportunities. Thanks to its diverse economy, Orlando has higher job growth and a lower unemployment rate than the rest of the country. Given Orlando’s projected population growth for the coming 5 years, it doesn’t come as a surprise that the majority of respondents (a whopping 75%) recommend buying multi-family homes for investment. The fact that nearly two-thirds (65%) of the local population are renters also explains why Orlando is one of the best places to invest in real estate 2020.

Of course, the tourism industry has always thrived in Orlando. The city is not only one of the most visited in the US, but it’s also a leading tourist destination worldwide thanks to the many theme parks and other tourist attractions. According to PwC, the expansion of the rail link from Miami to Orlando – which is now under construction – will boost this already robust tourism. This translates into the Orlando real estate market being one of the best places to buy rental property for both traditional and Airbnb investing. Keep in mind, however, that it’s illegal to rent out non-owner-occupied Airbnbs in Orlando.

If you’re a resident in Orlando and want to enjoy Airbnb rental income, try house hacking.This strategy entails buying an owner-occupied property with multiple units (like a duplex, triplex, etc.), living in one unit, and renting out the others. House hacking has proven to be a successful way to enter the real estate investing business, especially for those hosting on Airbnb.


#8. Atlanta, GA

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After ranking 11th in last year’s Emerging Trends report, Atlanta has finally landed in the top 10 best cities to invest in real estate. This year, the city ranks 8th for overall prospects, 7th for development/redevelopment opportunities, and 10th for investor demand for 2020. The strong net migration over the last few years, a high percentage of young residents, and an above-average labor force participation rate are the main factors behind the strong Atlanta housing market trends. Not to mention Atlanta is an important transportation hub and home to the world’s busiest airport in terms of passenger traffic.

Similar to other housing markets that made the list, Atlanta promotes its “unique culture” and successful reinvention. The fact that Georgia is one of the most landlord-friendly states in the US also contributes to investor confidence when investing in Atlanta rental properties. The report mentions a few issues evident in the Atlanta housing market, however, including land costs, construction costs, and labor costs pressing on both residential and commercial affordability. Nearly 60% of Atlanta’s population are renters, which is an indicator of strong rental demand in the city. Hence, investors can find positive cash flow properties and get a good ROI in 2020.


#9. Los Angeles, CA

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The Los Angeles real estate market fell from 7th to 14th in last year’s Emerging Trends report. Now, it’s back on top, ranking at #9 for overall prospects and #8 for investor demand for 2020. LA’s metropolitan area is estimated to hold 13 million people, making it the 2nd most populous city in the US (after New York). It is a world economic center that generates over $1 trillion in gross metro product. With a strong economy supported by diverse industries including entertainment, aerospace, tourism, and technology, Los Angeles has deservedly earned its spot as one of the best places to invest in real estate in the US.

While prices of Los Angeles homes for sale are high, this is expected when talking about one of the most competitive markets in one of the hottest locations in the US – California. This, along with the high local cost of living, explains why the majority of residents (64%) in Los Angeles are renters. In turn, this is a positive indicator for rental property owners as it means a wide renter pool and high rental demand in the Los Angeles housing market. This fast-paced city isn’t slowing down for anyone, so if you want a piece of the action, we recommend you start your investment property search now!


#10. Seattle, WA

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The final city on this list of markets to watch for real estate investing in 2020 is Seattle. Re-entering the top 10 list is a huge improvement for the Seattle housing market which ranked 16th in last year’s Emerging Trends report. The city also ranks 4th for investor demand. This is supported by factors including the strong development/redevelopment opportunities, job density, projected net migration, and an overall strong economy. The PwC report also said that Seattle real estate remains in “expansionary mode”, following a national trend of the longest economic expansion in US history.

The good news for Seattle real estate investors is that home prices have finally begun to level off after years of above US average increases. This trend doesn’t mean that the Seattle housing market is going to crash, but it’s a sign of a healthy correction. While the Seattle real estate market isn’t looking too strong on the growth prospect, the above-mentioned real estate prospects still make buying a rental property (in the right part of Seattle) quite a profitable investment in 2020.


visit this link https://www.mashvisor.com .. l-estate-2020/


Last edited by tygamann1; 11-16-2019 at 02:12 PM..
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38 comments
 

 3 weeks ago '17        #2
ninesix703 
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Props total: 1003 1 K  Slaps total: 151 151
No Washington DC or NoVA?
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 3 weeks ago '19        #3
Black Soap 2 
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@
+3   

 3 weeks ago '15        #4
isthistobe  topics gone triple plat - Number 1 spot x1
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Went to Austin a month ago

Being from LA

That bi*ch growing.... gas is $2 and homes are cheap I would make the move

Wouldn’t fu*k with anywhere else on that list tbh, cause the sh*t weather


Last edited by isthistobe; 11-16-2019 at 08:12 PM..
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 3 weeks ago '12        #5
OldBusiness 
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We've been doing great with it in ATL but I'd like to get something going in Texas
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 3 weeks ago '14        #6
tygamann1  topics gone triple plat - Number 1 spot x1 OP
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 OldBusiness said
We've been doing great with it in ATL but I'd like to get something going in Texas

What areas have you been investing in? The actual CoA or the outskirts? It’s hard to find anything on the westside anymore unless it’s way out in Adamsville or Florida/Collier Heights. Low Inventory is the problem in ATL. All them investors hoarding everything next in the bluff/next to Tech

Texas is seems promising. Just not too familiar with the returns out there compared to focusing on the hot spots on east coast

 3 weeks ago '13        #7
North!!!  topics gone triple plat - Number 1 spot x2
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lowkey charlotte like the new atlanta

for ny n*ggaz

ny n*ggaz used to rush to atlanta if they moved out of state

now everybody going to charlotte or raleigh
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 3 weeks ago '13        #8
North!!!  topics gone triple plat - Number 1 spot x2
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kind of surprised to see LA in the top 10

very expensive and I think LA/Cali is very tenant friendly

but the fact that it's LA means the appreciation factor always in play and 64% of the city renters...
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 3 weeks ago '16        #9
Negusis 
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 ninesix703 said
No Washington DC or NoVA?
In comparison to those listed? No. DC and NoVa are good spots but definitely not better than any on that list.
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 3 weeks ago '04        #10
collegeboy58 
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 OldBusiness said
We've been doing great with it in ATL but I'd like to get something going in Texas
 tygamann1 said
What areas have you been investing in? The actual CoA or the outskirts? It’s hard to find anything on the westside anymore unless it’s way out in Adamsville or Florida/Collier Heights. Low Inventory is the problem in ATL. All them investors hoarding everything next in the bluff/next to Tech

Texas is seems promising. Just not too familiar with the returns out there compared to focusing on the hot spots on east coast
What type of investing are you gentlemen doing? Perhaps I can be of some a*sistance
+1   

 3 weeks ago '14        #11
tygamann1  topics gone triple plat - Number 1 spot x1 OP
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 collegeboy58 said
What type of investing are you gentlemen doing? Perhaps I can be of some a*sistance

In Atlanta? Mostly buy and hold, renting it out for the cash flow
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 3 weeks ago '16        #12
BobbiHeadRagTop  topics gone triple plat - Number 1 spot x1
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ATX growin like crazy when Apple get that new spot down here sh*t Indeed Google Facebook alread got the city prices running up. Was peepin some houses earlier and 4br 2 bath goin for 300-400k when 4yrs ago it was it was 150k cheaper fml

 3 weeks ago '04        #13
collegeboy58 
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 tygamann1 said
In Atlanta? Mostly buy and hold, renting it out for the cash flow
How many do you currently have? Are you looking in any specific area?

 3 weeks ago '17        #14
lucifershammer 
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This list feels 10 years old

But I heard good things about Charleston

Some people said some good things about Memphis but I don't know about that
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 3 weeks ago '07        #15
pete jr 
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Got 6 properties in Atlanta that have been fantastic to me.
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 3 weeks ago '16        #16
Proveone  topics gone triple plat - Number 1 spot x1
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+3   

 3 weeks ago '14        #17
tygamann1  topics gone triple plat - Number 1 spot x1 OP
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These are a list of emerging markets. These markets are likely more realistic and have way less barriers to entry; population growth rates based on 10 year projections:

1. Las Vegas, Nevada – good affordability, 2.5%/yr population growth, 6.1% average Cap rate, moderate housing starts

2. Indianapolis, Indiana – good affordability, 2%/yr population growth, 6.8% ave cap, moderate to high housing starts

3. Phoenix, Arizona – Decent affordability, 1.6% population growth, 6.2% ave cap, moderate housing starts

4. Raleigh, North Carolina – Good affordability, 2.6% population growth, 6.1% ave cap, moderate housing starts

5. Atlanta, Georgia – good affordability, 3% population growth, 6.4% ave cap, moderate/high housing starts

6. Oklahoma City, Oklahoma – good affordability, 1.1% population growth, 6.7% ave Cap, moderate housing starts

7. Cincinnati, Ohio – good affordability, 1% population growth, 6.8% Cap rate, moderate housing starts

8. Columbus, Ohio – good/moderate affordability, 1.2% population growth, 6.7% cap rate, moderate housing starts

9. Columbia, South Carolina – Good/moderate affordability, 1.2% population growth, 6.7% ave cap rate, moderate housing starts

10. Cape Coral, Florida – moderate affordability, 3.8% population growth, 6.3% ave cap, moderate housing starts

11. Louisville, Kentucky – good affordability, 1.1% population growth, 6.9% cap rate, Moderate/low housing starts

12. Kansas City – good affordability, 0.9% population growth, 7.1% ave cap rate, moderate/low housing starts

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Some black swans: These are cities that miss some criteria, but could be really good picks if the right things happen.

1. Houston, TX – with the hurricane and flooding there is sure to be opportunity for years to come, but do you want a flooded building? Houston has affordability, a growing economy, decent caps at 6.6%, very low housing starts (due to previous over-building) and potential high amount of opportunity. If oil prices rebound into the $50-60/barrel consistently, then Houston (which is not all about oil anymore), could be the best place to buy.

2. Detroit, Michigan – In 2012, I was sitting in a meeting with several people and I said we should invest in Detroit, they all laughed at the idea. Well look at Detroit now! Could Detroit continue to rebound? The population projections are really weak at only 0.1% annual growth, but if companies continue to choose Detroit that could drastically change.

3. Memphis, Tennessee. Memphis is a different kind of city. Very much block to block and almost building to building. Memphis has all the ingredients to see major growth and increased rents. It is ripe for opportunity, sitting at an average 7.8% cap rate with many distressed buildings. The problem? Memphis has seemed rip for growth for decades, but hasn’t able to keep the up the steam.


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Some smaller cities with potential:

1. Des Moines, Iowa – 2% population growth, good affordability, moderate housing starts, 6.8% cap rate, but can you find opportunity?

2. Lubbock, TX – Good affordability, 0.9% population growth, moderate/low housing starts, 6.7% cap rate

3. Greensboro, North Carolina – good affordability, 0.9% population growth, moderate/low housing starts, 6.7% cap rate

4. Savannah, Georgia – good affordability, 1.1% population growth, moderate housing starts, 6.6% cap. Good potential with freight shipping


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There are other cities that have had tremendous growth for a long time and seem poised to continue with that growth. These did not make my list for one reason or another, but came in close. The issue with these top cities is can you find opportunity? I know investors are still buying in these cities, but can a new buyer come in and buy a quality deal?

1. Dallas/Fort Worth, Texas

2. Austin, Texas

3. Orlando, Florida

4. Jacksonville, Florida

5. Charlotte, North Carolina

6. Provo, Utah

7. Salt Lake City, Utah
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 3 weeks ago '14        #18
tygamann1  topics gone triple plat - Number 1 spot x1 OP
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 collegeboy58 said
How many do you currently have? Are you looking in any specific area?

2 in ATL...I'm really active in the A though so I know a bit about the city...could probably recite 75% of the streets ITP

But as far as more properties, I'm looking at anything west of northside dr and SW of 20 and 85...the Tri Cities area near the airport and NW ATL near the new park looking real promising right now
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 3 weeks ago '04        #19
collegeboy58 
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 tygamann1 said
2 in ATL...I'm really active in the A though so I know a bit about the city...could probably recite 75% of the streets ITP

But as far as more properties, I'm looking at anything west of northside dr and SW of 20 and 85...the Tri Cities area near the airport and NW ATL near the new park looking real promising right now
Feels like we’ve had this discussion before lol. Are you a full time investor? I’m an agent in Atlanta with one fix/flip on the market (under contract today) in SW Atlanta.

 3 weeks ago '14        #20
tygamann1  topics gone triple plat - Number 1 spot x1 OP
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 collegeboy58 said
Feels like we’ve had this discussion before lol. Are you a full time investor? I’m an agent in Atlanta with one fix/flip on the market (under contract today) in SW Atlanta.
Certainly wouldn’t be surprised if we did. And no I’m not...CPA by trade.

How do you go about finding your inventory? Pre 2016 it seemed like inventory was booming, but now it’s like picking from a bunch of houses in the middle of Bama somewhere

But I’m definitely interested in any info or leads you may have


Last edited by tygamann1; 11-16-2019 at 06:57 PM..

 3 weeks ago '04        #21
collegeboy58 
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 tygamann1 said
Certainly wouldn’t be surprised if we did. And no I’m not...CPA by trade.

How do you go about finding your inventory? Pre 2016 it seemed like inventory was booming, but now it’s like picking from a bunch of houses in the middle of Bama somewhere

But I’m definitely interested in any info or leads you may have
How much do you charge to set Up my quickbooks? All the YouTube videos use QB online and I have the desktop version.

As far as inventory, I use FMLS. I got a lead the other day because someone saw my sign in the yard. I’m looking to connect with legit wholesalers but I haven’t run across any. Word on the street is the best way to find property is door knocking, mailers, and digital ads.

 3 weeks ago '05        #22
cluckaluck 
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Ohio
+2   

 3 weeks ago '14        #23
tygamann1  topics gone triple plat - Number 1 spot x1 OP
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 collegeboy58 said
How much do you charge to set Up my quickbooks? All the YouTube videos use QB online and I have the desktop version.

As far as inventory, I use FMLS. I got a lead the other day because someone saw my sign in the yard. I’m looking to connect with legit wholesalers but I haven’t run across any. Word on the street is the best way to find property is door knocking, mailers, and digital ads.
Hit me in my PMs as far as QB

But ok cool gotcha. I know a few people looking to be wholesalers in the A and they say the same thing...going door to door and getting "lists" is how you find the best inventory...also, check out Networth Realty if you haven't. They have a lotttt of off market inventory in key areas.

 3 weeks ago '05        #24
ceo-of-hucworld 
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I’ve hearing about Austin for the last two years now. Might need to make a visit there to scout before I pull the trigger on my final landing spot.

 3 weeks ago '16        #25
bornleader 
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LA is a joke..went house shopping in sh*tty areas and it was 750,000 for a 2 bedroom...GTFOH
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