171: Are the “Best Places to Live” in the US Worth Investing In?
Dec 25, 2023
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The podcast discusses the best places to live in the US and whether they are worth investing in. They analyze the top cities on the list, talk about cash flow vs. appreciation potential, and provide insights on metrics to consider before investing in any real estate market. They also discuss the challenges faced by real estate investors and introduce solutions like Fundrise and Deal Machine. Additionally, they explore the investment potential in Boulder, Colorado, and provide tips on buying real estate in winter.
Investing in Boulder, Colorado may not be ideal due to high prices and low cash flow.
The Triangle area in North Carolina offers a favorable investment climate with potential for stable appreciation and cash flow.
Deep dives
Boulder, Colorado: Great place to live but investing may be challenging
Boulder, Colorado is ranked as one of the top places to live in the United States. It offers a high quality of life with plenty of sunshine, outdoor spaces, and a booming tech industry. However, investing in Boulder may not be ideal due to the high median home price of $881,000 and relatively low average annual salary of $73,000. Rental properties may not cash flow well, except for those targeting the student housing market. While Boulder is a desirable location, investors should carefully consider the affordability and potential returns before making investment decisions.
Raleigh Durham, North Carolina: Strong market dynamics with potential for growth
The Triangle area in North Carolina, including Raleigh, Durham, and Chapel Hill, offers a favorable investment climate due to its growing tech industry, research institutions, and affordable cost of living. With a median home price of $434,000 and an average annual salary of $61,000, the market shows potential for stable appreciation and cash flow. Investors may benefit from the large pool of renters, particularly college students and tech professionals. However, a thorough understanding of the market and specialized investment strategies, such as renting by the room, may be necessary to maximize returns.
Huntsville, Alabama: Strong economy and ideal for cash flow
Huntsville, Alabama, known as the rocket city, boasts a strong economy fueled by its aerospace and defense industries, as well as a growing tech sector. The relatively young median age of 39 and an average annual salary of $61,000 make it an attractive market for investors. With a median home price of $349,000, there is potential for cash flow, especially considering the large pool of renters from the aerospace and defense workforce and college students. Huntsville offers opportunities for value-added investing and steady rent growth, although investors should carefully analyze the local market dynamics and potential economic shifts.
Green Bay, Wisconsin: Affordable market with potential for cash flow
Green Bay, Wisconsin, offers an affordable market for investors with a median home price of $278,000 and median rent of $851. The low cost of living and a relatively young median age of 38 contribute to the market's attractiveness. While appreciation gains may not be as significant, investors can enjoy cash flow opportunities due to the affordability and potential for steady rent income. However, the cold weather and specific market dynamics should be considered before making investment decisions in this location.
Where are the BEST places to live in the US? Well, U.S. News & World Report just released their annual list to show which cities are worth picking up and moving to. Some of these cities are investor favorites, while others are rarely discussed within the real estate investing community. If these cities truly are some of the best places to live in the country, wouldn’t having property in such desirable markets lead to big investing profits?
Henry, James, and Kathy go over the top cities on the list, talking about which are worth investing in, which aren’t, cash flow vs. appreciation potential, and where they’d comfortably park their dollars in properties. And even though Dave is away on his honeymoon, we’re still bringing you LOTS of data, statistics, and trends to watch so YOU can get in on some of the top cities before investing masses know about them.
And, as always, thanks for joining us on On the Market. Our entire team wishes you the happiest of holiday seasons. Here’s to more deals, data, and passive income in 2024!
In This Episode We Cover:
The best places to live in the US and whether we’d invest in any of them