Get Rich Education
468: Is This America's Best Cashflow Real Estate Market?
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:38:54
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Sinopse
With skyrocketing property insurance costs, more homeowners are skipping insurance altogether. That proportion is estimated at 12% per the WSJ. Single-family rents are up 6.5% annually. Next, we discuss what might be America’s best cash flowing real estate market. Home prices are up this year for four main reasons: large Millennial demand, scarce supply, mostly healthy economy, interest rate levels that are actually normal. As we discuss one of America’s best cash flowing markets, it’s in a state that has strong legal protections for landlords. The cost of living there is 17% below the national average. Unemployment is 2%, according to the provider. Single-family rents are $1,200 to $1,500; prices are $115,000 to $140,000. You can own a freshly renovated property, complete with granite countertops. Average tenant duration is 3-4 years. With higher interest rates, more buyers in this market are paying all-cash or making a larger down payment. Contact your GRE Investment Coach, a free service, if you consider