I am looking to fix up and flip some houses and I wanted to know what people thought was the best area to invest in right now and why. I do have quite a bit of information on Real estate and Real Estate investing. I have also worked in the area so I would appreciate answers that were backed by a reason! Thank you soooooo much!!!!
Where in the US do you think it is best to invest in Real Estate in and why?
16
Mar
Dom D
March 16, 2010 at 3:46 pm
Phoenix and the surrounding areas are very hot right now(unfortunatly literally as well). Major corporations keep moving their HQ’s there, and there are many housing subdivisions popping up.
f c
March 16, 2010 at 4:27 pm
charleston SC…cheap and the population is growing.
Wendy B
March 16, 2010 at 4:30 pm
Forbes or some news forum that is reputed says, Panama city beach florida, they are getting a new international airport there, and supposedly have the last affordable beach front property left. They are number 1 in places to invest in real estate.
Brenda B
March 16, 2010 at 4:44 pm
I watch alot of HGTV and they say Atlanta, Georgia because it’s affordable and growing.
Phoenix area is indeed growing but it is firey hot. You might be better off investing in a water park LOL. There is alot of new housing and to buy there is good if you plan on staying, not if your are looking to do a flip.
Many markets are now at a stand still and altough a good time to buy, not a great time to sell.
Miss Emily
March 16, 2010 at 5:34 pm
There are great places to fix up & flip homes all across the country. It would be very time consuming to analyze each city though.
I am a RE agent in Southern Ca. I see a lot of great areas out here & a lot of great oppurtunity. With just a little updating, owners can seek huge rewards for their efforts. These are properties that were built in the 50’s, priced for under $550K. Just adding some nice hardwood flooring or updating a kitchen or expanding a bathroom you can really make some great money back.
It depends what kind of money you have to work with. So Cal for single family is a minimum of $500K.
Las Vegas is also a good place to go. Much lower prices, homes starting around $250K & a lot of foreclosures!
I hope this helps.
judy b
March 16, 2010 at 5:59 pm
south east is growing rapidly. especially around knoxville tennessee