The renters market is really booming. We own several multis in CT and are thinking of getting some out of state. Anyone know about any untapped places that would be great money makers?
2006-07-20 15:49:21 · 3 answers · asked by Samantha 1 in Business & Finance ➔ Renting & Real Estate
Try Dallas, Tx. I'm planning on moving there in the future. The real-estate prices are extremely low (compared to what I'm used to) and the rental prices balance out to where most can afford, but it's still a good income. If you already have property that you can put up as collateral, you might wanna try southern cali. The market is lucradive. I mean it's off the chain expensive. People who can afford to buy have been turning profits like crazy in the past few years. At this very moment it is a buyers market, by that I mean the homes have stagnated at a value of $300,000 - 400,000 for a basic two/three bedroom SINGLE family home in a decent area. The average rent for a two/three bedroom apartment....I mean small little substandard hot box, is at least $1,200. LOL
2006-07-20 15:56:26 · answer #1 · answered by fiteprogram 3 · 0⤊ 0⤋
West Des Moines, Iowa. The area is really growing. It seems like most of the homes being built are a bit on the expensive side because they all are near golf courses.
2006-07-21 00:20:57 · answer #2 · answered by Mike R 5 · 0⤊ 0⤋
Houston, Texas I heard was booming and certain parts of Arizona. Check the internet for your best results. You need to research more about median home prices, climate, population, and growth first.
2006-07-20 22:53:12 · answer #3 · answered by cheryl4785 2 · 0⤊ 0⤋