The Top Cities for Out-of-State Real Estate Investments

The Top Cities for Out-of-State Real Estate Investments

There are many benefits to investing in an out-of-state real estate, at times, investing in a location different from where you are can mean being able to invest at all depending on the house and property costs where you live, at other times, it is purely to take advantage of a strong rental market. For some, however, the biggest appeal to investing in an out-of-state real estate is to diversify their real estate investment portfolios. Whatever the reason, there is no point in investing in out-of-state or any type of real estate really, without doing the proper research into where you are considering investing. Here is a look at the top five locations for out-of-state real estate investors to consider investing in.

Florida
Over the last couple of decades, Florida has become a prime location for real estate investors. Not only is it home to in-demand cities and hot spots like Miami, creating a strong rental market, especially in the peak summer months; But like many, the state is also home to a large number of foreclosure properties. As with other areas rich in foreclosure properties, these properties allow real estate investors to purchase them for well under what they would sell for if sold through the traditional real estate market.

Ohio
Ohio is a unique location for real estate investors, with it commonly being considered an, “either you love it or you hate it” location for real estate investing. Ohio is home to a multitude of notable real estate markets that make it easy for investors to work there, unfortunately, the local economy is not very strong, however, which has led to many potential real estate investors running in the opposite direction out of fear of lack of reliable tenants or customers.

Memphis
For quite some time now, the city of Memphis, Tennessee has been considered to be a strong location for real estate investors. The low price of houses, combined with somewhat shockingly high rental rates have helped to create a strong market for real estate investors. Unlike a lot of other major cities, the real estate market in Memphis has been considered a popular location for real estate investors for a long time now and continues to show no signs of slowing down.

Milwaukee
Similar to the notable real estate market in Memphis, the real estate market in Milwaukee is also made up of high rents, and low housing costs. This has helped to create a strong market for real estate investors looking to invest in the city and earn a steady cash income through either flipping or renting out houses.

Texas
The state of Texas has become a popular location for both prospective buyers and real estate investors. The cities of Dallas and Huston, in particular, have extremely strong and stable economies, these economies have developed greatly over the past few years, and are expected to continue to do so. The combination of a large rental pool, great housing market, and impressive economy have led to Texas being one of the most popular locations for people and companies looking to make out-of-state real estate investments.