Many of us dream of making millions by investing in real estate… only, where to buy? Since certain markets are different, you need to pinpoint the top places to plunk down your money and know where to stay clear.
Realtor.com outlined the 10 best (and worst) major markets for real estate investors in 2015.
To pinpoint these profitable areas, analysts considered home purchase prices, the amount they’ve appreciated, rental prices and other factors. The cities that will give you the most bang for your buck may surprise you. (Three of them are in Florida!)
The 10 Best : 1. Dallas, TX ; 2. Denver, CO ; 3. Miami, FL ; 4. Houston, TX ; 5. Atlanta, GA ; 6. Tampa, FL ; 7. Detroit, MI ; 8. Austin, TX ; 9. Las Vegas, NV ; 10. Orlando, FL
To find the worst areas for real estate investment, analysts looked for low rents per dollar on home value and low home price appreciation over time. The Northeast seems to be particularly sluggish, but there are other cold spots, too. Not that you can’t find some gems in these areas but proceed for caution.
The 10 Worst : 1. Hartford, CT ; 2. Salt Lake City, UT ; 3. Louisville, KY ; 4. Milwaukee, WI ; 5. Washington, DC ; 6. Los Angeles, CA ; 7. Baltimore, MD ; 8. New York, NY ; 9. Boston, MA ; 10. Birmingham, AL
