The Pandemic of COVID-19 changed the world forever and created significant opportunities for those savvy enough to spot them. The ongoing trend of a reduced housing market led to higher prices for property owners. Real estate investors were the beneficiaries of a burgeoning real estate market for properties at bargain prices.
This post will discuss the best places for private lenders to invest in the United States. So let’s dive in to explore the best opportunities for you.
- Raleigh/Durham, North Carolina
- Austin, Texas
- Las Vegas, Nevada
Raleigh/Durham, North Carolina
Raleigh/Durham, North Carolina, is one of the best places to invest in rental real estate in the coming year, thanks in part to the high-tech jobs in the area’s Research Triangle. The Raleigh region spans two counties, Wake and Durham, three hours south of Charlotte, four hours north of Atlanta, and five hours west of Washington D.C. Raleigh/Durham is up-and-coming with a young demographic that moves here for work.
There are a number of factors that make Raleigh/Durham, North Carolina, an attractive market for rental property owners. Rents have grown significantly over the past few years. In addition, many people who live here rent rather than buy, creating more demand for housing options. For those looking to enter the market with real estate investments in mind, the Raleigh/Durham area offers plenty of opportunities.
- The unemployment rate in Raleigh is 3.2%
- The median household income is $65,695
- The population and revenue are growing
- Single families detached homes are the most common type.
Austin, Texas
Austin asks, “How do we help the Austin housing market?” and the answer is simple: jobs. The city is experiencing a tech boom, with Apple moving in and Samsung expanding. Tesla’s Gigafactory is also being built just outside the city, creating thousands of jobs from its inception.
Austin tech companies are also providing new jobs; Google has offices here. Facebook has purchased several downtown properties to expand its Austin employees and has opened a second facility in Northwest Hills on MoPac. With all this job growth comes rising wages and increasing home prices, so get a piece of the Austin area housing market while you can!
- The unemployment rate is around 4.2%
- The cost of living is far lower as compared to the San Francisco
- Median rent is affordable in this region
Las Vegas, Nevada
If you’re having a hard time deciding whether or not to take your next job in Las Vegas, it might be wise to stay put for another year. While the job market has been turbulent, it appears that Las Vegas, Nevada is turning a corner – not only regarding jobs but also affordability and livability.
- One of the hottest markets of real estate
- US Average rent is increasing approx 9%
- The city is also an attraction for high-tech lovers tourists and includes the best health facilities
