2006-07-31 17:57:25 · 6 answers · asked by Jessica 1 in Business & Finance ➔ Investing
I'm sure every state has places where the homes are cheap. That might not be the best place to buy though. You might want to start closer to where you live if this will be the first investment home you purchase. Only because you can keep an eye on your investment, and it's easier too. Buying and selling homes in other states take time, capital, knowledge and most importantly, a good Realtor. Although right now is a good time to buy as the market is in your favor. Whatever you do, please talk with a professional before jumping into Real Estate.
2006-07-31 18:08:32 · answer #1 · answered by oliver_libertyrealty 1 · 0⤊ 0⤋
Ohio! I paid $48K for an awesome 2 story 4 bedroom house with .05 acre. In the rural parts of Ohio, especially south east, there are many many decent houses in the 40's. Of course you can pay $400K but you get 40 acres and a renevated farm house.
2006-07-31 18:06:40 · answer #2 · answered by Doctor ~W. 5 · 0⤊ 0⤋
I know that Austin, Tx is a great place to buy real estate and the job market is very strong there. Not the mention the music scene there is amazing. If that doesn't work. Try this link....it is very useful in sorting what is important to you in a city.
http://money.cnn.com/magazines/moneymag/bplive/2006/
2006-07-31 18:16:15 · answer #3 · answered by Michael H 1 · 0⤊ 0⤋
Wyoming and North Dakota
2006-07-31 18:06:50 · answer #4 · answered by Geek 2 · 0⤊ 0⤋
A few days ago I read Mississippi has the lowest median price on homes, $71,000.
2006-07-31 18:01:24 · answer #5 · answered by cheryl h 2 · 0⤊ 0⤋
Scotts Run in WV.
2006-07-31 18:01:41 · answer #6 · answered by Iteachdailey4u 3 · 0⤊ 0⤋