Best place to invest in Real Estate in 2013

What is the best place to invest in Real Estate in 2013? Well, finding a good piece of investment property is actually harder than you think. But following simple steps listed below you will be able to find a good investment property easier.

Firstable, decide on what your investment lenght will be. Set the length of time that you plan owning the property. Look for another piece of real estate that you consider to invest in if the asking price seems to be too large for your time period.

Then find out how much money you’d have to spend for repairs and maintenance, considering that you rent the house out for a certain time.  Short-term investors should concentrate on  the real estate that has smaller costs of maintenance. Make sure you’ll be able to gain back what you’ll be spending on your real estate investment.

As a final step, develop your business connections which will help you in acquiring the best property, and also in finding proper parties to rent it to. Thanks to knowing right people, you’ll be able to discover great talents in this industry using them to your advantage.

 Best place to invest in Real Estate – follow good investment strategy

- buy property in the sunbelt, where retirees are moving

- buy property in the “path of progress”

- buy property in new, master planned communities (with homeowners associations)

- buy property before the Bell Curve starts to go up and to sell property at the top of the Bell Curve

- buy property that will break even – or put a couple hundred dollars in your pocket each month

- buy houses that will rent out easily (or easier than the competition) because renting out an investment property has appeared to be a one of the most popular moves among real estate investors.

Obviously it’s impossible to tell exactly what is the best place to invest in Real Estate property because the options vary every year. But let me show you a few evergreen opportunities that will surely work in 2013 and the years ahead. It’s good to consider locations in Florida, California, Arizona, Atlanta, and Philadelphia. It is recommended to buy properties near military bases, colleges if you think about renting. South Florida is still at the top right now thanks to good neighborhood, renting easiness and constant retirees flow who look for sunny property to spend their retiring time.

Look through the list of best US cities for buying cheap investment property in 2013 and upcoming 2014:

best place to invest in real estate 2013Rochester – Average home price (2013): $155,000; Average gross rent (2013): $950
Las Vegas – Average home price (2013): $130,000; Average gross rent (2013): $960
Phoenix – Average home price (2013): $148,000; Average gross rent (2013): $930
Warren – Average home price (2013): $105,000; Average gross rent (2013): $730
Bakersfield – Average home price (2013): $129,000; Average gross rent (2013): $820
Fort Launderdal – Average home price (2013): $190,000; Average gross rent (2013): $1,150
Detroit – Average home price (2013): $94,800; Average gross rent (2013): $760
Stockton – Average home price (2011): $150,000; Average gross rent (2013): $910
Orlando – Average home price (2013): $166,000; Average gross rent (2013): $1080
Tampa – Average home price (2013): $147,000; Average gross rent (2014): $900

Well, follow the rule that the best place to invest in Real Estate is where the sun shines strong all the year.

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