Real Estate Investment Secret

     Are you interested in investing in Real Estate? If so, here is some information that will definitely help you find the right property to invest in. It has been stated by many professionals lately that investing in Real Estate right now is a very good idea considering the fact that the market is definitely in the recovery process. It seems that home prices have hit their low spot and are now on the upswing. Although the growth has been small, it has been very consistent which is the most important aspect to be considered. When it comes to Real Estate there is a phrase that trumps all others and that is, "Location, Location, Location"! Location is the most important feature when considering value.
    Therefore, if you were to invest in a property, WHERE would you want to begin searching? The secret I referred to in the title of this post is SMALL MARKETS. At first, you might be considering investing in an already established and well built up market; a place where there will be plenty of traffic and desire. However, during the ridiculous housing boom from '95 to '06 these well developed areas were actually overdeveloped because of the demand and the idea that anything and everything would sell quickly, which it did until the collapse. So where is the money now? The investment opportunities are greatest in the small markets, particularly small cities with populations in the range of 200 to 500 thousand. According to Local Market Monitor and HomeVestor the latest quarterly reports show that for single family homes rental properties, these smaller markets are ideal.

“Many of these markets not only have unemployment rates well below the national average, but they show strong job growth and housing prices have bottomed out,” says Ingo Winzer, president of LMM. The smaller markets are “great places to rent out single-family homes because strong economic growth can quickly use up the existing housing options.”

“We often see that the smaller markets are the best-kept secret of investing,” Hicks says. “Many of these smaller markets offer a consistent demand for rental properties. Investors can discover for themselves that the big city isn’t the only place with a great deal for investors.”

source: LMM