WHERE SHOULD I INVEST IN RESIDENTIAL REAL ESTATE?

Where should I invest in Residential Real Estate?

In doing my research into this question I have found multiple so-called experts sharing their “best” and “worst” lists…..and of course, none of them are in sync with the other.  They all share statistics which, supposedly, prove their points, which is why I do not provide their statistics. I think most of you have heard the quote, “There are lies, there are damn lies, and there are statistics.” Statistics can be manipulated so that the point of the author is proven.  Among the sources I have found are Zillow, San Francisco Chronicle, CNN Money, and many others.  Now, let me be clear, I am not saying that these sources are liars and manipulators; all I am saying is that they interpret the statistics differently, and some may have a point to prove…….maybe.

Here are the lists (I have purposely not indicated which list is from which source)…….

BEST

 

List 1

 

List 2

 

List 3

#1

Merced, CA

#1

San Francisco, CA

#1

Panama City, FL

#2

Modesto, CA

#2

Austin, TX

#2

Vero Beach, FL

#3

Madera, CA

#3

Madison, WI

#3

Bridgeport, CT

#4

Stockton, CA

#4

Raleigh-Durham, NC

#4

Lakeland, FL

#5

Las Vegas, NV

#5

San Antonio, TX

#5

McAllen, TX

#6

Salinas, CA

#6

Oklahoma City, OK

#6

San Luis Obispo, CA

#7

El Centro, CA

#7

Des Moines, IA

#7

Wilmington, NC

#8

Rochester, NY

#8

Salt Lake City, UT

#8

Manchester, NH

#9

Pittsburg, PA

#9

Fort Collins, CO

#9

Fort Collins, CA

#10

Vallejo, CA

#10

Omaha, NE

#10

Atlanta, GA

 

Worst

 

List 1

 

List 2

 

List 3

#1

Lakeland-Winter Haven, FL

#1

Miami-Dade, FL

#1

Grand Junction, CO

#2

Reno-Sparks, NV

#2

Ft. Lauderdale, FL

#2

Salem, OR

#3

Orlando-Kissimmee, FL

#3

Orland, FL

#3

Boulder, CO

#4

Deltona-Daytona Beach-Ormond Beach, FL

#4

Las Vegas, NV

#4

Seattle, WA

#5

Port St. Lucie, FL

#5

Riverside, CA

#5

Portland, OR

#6

Las Vegas-Paradise, NV

#6

Prince George, MD

#6

Atlantic City, NJ

#7

Boise City-Nampa, ID

#7

San Bernardino, CA

#7

Santa Cruz, CA

#8

Cape Coral-Fort Myers, FL

#8

Stockton, CA

#8

Spokane, WA

#9

Phoenix-Mesa-Scottsdale, AZ

#9

Bakersfield, CA

#9

Baltimore, MD

#10

Warren-Troy-Farmington Hills, MI

#10

Phoenix, AZ

#10

Pueblo, CO

 

I could have provided more lists, but I think that these lists demonstrate my position.

The only common threads that I see are that Florida is the worst place; however, one list shows that Florida is the best.  And, Las Vegas appears on both the “Best” list and a “Worst” list.

How do you address this situation when you are looking to invest in residential real estate?  “Where should I invest in residential real estate?”

I’ll tell you how, invest in the areas that YOU KNOW WELL.  Find a Realtor that has “Investor” experience and will be straight with you.  That realtor will first determine what your wants, needs and capabilities are and then guide you in the process.  Any realtor worth their salt will treat you as a high priority. Why?…..because as an investor, you will be buying and selling multiple properties. In order for a realtor to earn your business, he/she must first strive to understand you and what you want to accomplish. If you have any question as to what realtor is right for you, contact me for a no obligation consultation and I will help you understand your needs and guide you in the right “realtor” direction, no matter where in North America you are located. 

Almost every area has investment potential. Details will be presented in a future post.

Now for the self-serving part; I am part of an 80,000+ network of real estate consultants that stretch across North America. Once I understand your needs, I will refer you to the best realtor (one who is right for you) in your area. Just request a no-obligation phone consultation from me and you are on your way.

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