OfflineJUST WONDERING IF ANYONE HAS STATS ON where the hottest state is to invest in right now
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The best place to start is your back yard. Like Ali says, after you do 15 deals in your own town, you should then start expanding to new areas. It's easier to learn this stuff if you can actually be in the middle of the action.
As for the STATS on hottest areas. I'm not sure if there is public data on this. If you want, I guess you could always call Realtors all across the country and ask for a number of cash solds in each area, then compare. But that seems like a waste of time.
To name a few states I personally see many people on this website investing in:
- Missouri
- Indiana
- Illinois
- California
- Florida
- New York
But I couldn't tell you the hottest one. If you're looking for a place to start investing, your back yard is perfect! These strategies work anywhere in the country.
Dominic
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You are located in the IE. That is definitely a hot area to invest.
Karen
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I defiantly agree that starting in your own area is going to be best. However as far as markets go it depends on what you want to do.
for example if you are looking for super cheap properties that you can get good cash flow then I would recommend states like OH, MI, IN, IL, MO and GA. there are mores states than that but basically where they have cheap stuff.
If you want properties that would be good to flip or appreciate in value then you want places like CA, AZ and FL.
Hope that helps a little.
The Dallas real estate market is a great market for home owners and investors alike. Did you know that only 1 home out of 3,233 is under foreclosure whereas the rate for Texas as a whole is 1 home in 1,336. This indicates a stable real estate market along with good steady employment.
Check out my recent infographic on Dallas and see how home prices compare to average rates for Texas. I bet you will be as shocked as I was to see the difference. You can find it by clicking on this link: http://www.bankforeclosuressale.com/wp/article-01074151.html
Depends on your definition of "hot". Usually by the time you realize it's hot, it's too late.