Investors choosing remote marketplaces for investing use a variety of criteria to make that determination. Rental rate increases is an indication of low vacancy rate and high demand for rental properties. If you are a buy and hold investor who looks at other areas, or a wholesaler looking for remote areas to find and market properties, the following markets are at the top of the U.S. listings for rental rate increases for 2013, and projected into 2014. The first area on the list shows a 6% rental rate increase year over year, while the others all show rates in the 4% range.
1) Seattle
2) Nashville
3) San Jose
4) Houston
5) San Francisco
6) Portland
7) Minneapolis Dallas
9) Denver
10) Fort Lauderdale
11) Austin
As prices for properties are trending upward for most areas of the country, it becomes a little more challenging to contract properties in ideal ranges for rehab investors. We encourage wholesalers to add landlord investors to your list of cash buyers since the needs of these landlords is related to long term cash flow, CAP Rate, and ROI rather than immediate returns derived from buying properties at discounted rates and adding value through rehab. Often the offer prices can be 20% higher than for a rehabber, and still present a positive deal for a landlord.
Areas which yield high CAP and cash flow combined with increasing rents are attractive areas for landlord investors, and this information should be value in pointing you toward areas where the rental rates are increasing at the highest rates.
An additional study by RealtyTrac targeted 8 areas in Florida, plus Las Vegas, Phoenix, and Atlanta as being top areas to buy rental properties over the upcoming months.
And one of the top buyers of apartments nationwide has added Nashville, Indianapolis, Raleigh, and Charlotte to their hit lists for acquisitions in 2013 and 2014 due to rental rate increases projections.
Investors choosing remote marketplaces for investing use a variety of criteria to make that determination. Rental rate increases is an indication of low vacancy rate and high demand for rental properties. If you are a buy and hold investor who looks at other areas, or a wholesaler looking for remote areas to find and market properties, the following markets are at the top of the U.S. listings for rental rate increases for 2013, and projected into 2014. The first area on the list shows a 6% rental rate increase year over year, while the others all show rates in the 4% range.
Dallas
1) Seattle
2) Nashville
3) San Jose
4) Houston
5) San Francisco
6) Portland
7) Minneapolis
9) Denver
10) Fort Lauderdale
11) Austin
As prices for properties are trending upward for most areas of the country, it becomes a little more challenging to contract properties in ideal ranges for rehab investors. We encourage wholesalers to add landlord investors to your list of cash buyers since the needs of these landlords is related to long term cash flow, CAP Rate, and ROI rather than immediate returns derived from buying properties at discounted rates and adding value through rehab. Often the offer prices can be 20% higher than for a rehabber, and still present a positive deal for a landlord.
Areas which yield high CAP and cash flow combined with increasing rents are attractive areas for landlord investors, and this information should be value in pointing you toward areas where the rental rates are increasing at the highest rates.
An additional study by RealtyTrac targeted 8 areas in Florida, plus Las Vegas, Phoenix, and Atlanta as being top areas to buy rental properties over the upcoming months.
And one of the top buyers of apartments nationwide has added Nashville, Indianapolis, Raleigh, and Charlotte to their hit lists for acquisitions in 2013 and 2014 due to rental rate increases projections.
Dallin Wall
Real Estate Training Team
Forum Blog Location--A collection of my
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