Is your goal to become rich beyond your wildest dreams one day?
Investing in real estate is one of the best ways to do it. One recent report suggested that the wealthiest people in the country—and to a larger degree, the world—invest a significant percentage of their money into real estate to make it grow.
You shouldn’t just invest in any old real estate, though. Instead, you should look for the best place to invest in real estate and invest in it there. You’ll give yourself a better chance to see solid returns when you invest money into real estate in the right locations.
Check out 10 great options for those searching for the best place to invest in real estate in 2019.
1. Dallas/Fort Worth, Texas
In 2018, the Dallas/Fort Worth area added more than 116,000 jobs. That number helped it top both nearby Houston and New York City as far as job growth is concerned.
As a result of this job growth, people are flocking to the Dallas/Fort Worth area in droves. It’s making it a very attractive investment opportunity for those interested in buying real estate.
There are lots of new properties being built in Dallas/Fort Worth every day. It’s a little too late to get in on Dallas/Fort Worth real estate on the ground level, but you can still turn a nice profit in the years to come by snatching up properties in the area.
2. Orlando, FL
If you’re interested in purchasing rental properties and using them to generate rental income, there’s no better place to do it than Orlando.
Homes in Orlando are a lot more affordable than you might think. You also won’t have to worry about paying personal income tax in Orlando when you invest in property there since Florida is one of the few states that doesn’t require residents to pay personal income tax.
And of course, Orlando is home to Disney World, which makes it easy for property owners to find people willing to rent their properties. Orlando is widely regarded as one of the best places for people to learn the ins and outs of investing in real estate.
3. Nashville, TN
The job market in Nashville is strong. How strong? Well, it has the lowest unemployment rate of any major city with more than 1 million people living in it.
Because of this, Nashville has turned into a great place for people to invest in real estate. The job market is expected to remain strong in the coming years, which means real estate prices should continue to rise moving forward.
Nashville has also turned into a tourist destination in recent years. It has made short-term rentals very profitable for investors.
4. Charlotte, NC
Charlotte often lands on lists of the best places to both live and retire. There are almost 2.5 million people living in the city and its surrounding suburbs as of right now, and that number is growing by the year.
There are a lot of businesses relocating to Charlotte these days, too, which is providing people with new places to work. These businesses are expected to attract more people to Charlotte and drive the cost of living up in the process.
All of these things combine to make Charlotte a great place to invest in real estate if you’re looking to do it.
5. Raleigh/Durham, NC
Charlotte, NC is a great place to invest in real estate. But it might not be the best place to invest in real estate in the state of North Carolina.
The Raleigh/Durham area is giving Charlotte a run for its money thanks to its affordable housing options, its job opportunities, and its young population. A large percentage of the people living in Raleigh/Durham are under the age of 45.
6. Brooklyn, NY
Those who are just starting to invest in real estate probably won’t be able to make a dent in the Brooklyn real estate market. It can cost millions of dollars to invest in something on the smaller side, which is why it’s not an option for everyone.
But even as the New York City real estate market has cooled off in recent months, the Brooklyn real estate market has remained red hot. People who can afford it are seeing great returns when investing in both apartments and homes throughout the borough.
7. Boston, MA
The 2008 housing crash affected almost all of the major cities across the country. Boston was one of the few that survived the crash and flourished in its aftermath.
The city as a whole hasn’t experienced the kind of population growth found in many other major cities. But rental incomes have held steady since there aren’t many people moving out of the city, either.
Boston also attracts its fair share of tourists throughout the year. That alone could make a real estate investment profitable for you if you plan on buying a property and renting it out.
8. Austin, TX
The tech industry has taken over in Austin and provided it with a steady supply of jobs. There are also lots of good-paying jobs in other industries in Austin.
As a result of this, the population of Austin has grown over time with many college-educated people moving to the area to take jobs. Those moving to the city also love its low cost of living and the beautiful nature located in and around it.
These things make Austin an amazing place for people to invest in real estate. As long as the city keeps growing, you can see large profits in your future by investing in Austin.
9. Denver, CO
The Denver housing market sustained a series of dramatic swings throughout 2018. Home sales were down almost 25 percent between December 2017 and December 2018.
But don’t let that stop you from missing out on a golden investment opportunity!
The Denver population continues to grow, and it also continues to attract young people to the city. A large percentage of Denver’s population falls into the 25 to 44 age range.
The job market in Denver is also very strong as of right now. This means that the Denver real estate market should rebound in 2019 and prove to be profitable for investors in the future.
Want to try your hand at investing in real estate located outside of the U.S.?
Investing in real estate in Mexico might be the right move for you to make. Places like Tulum present plenty of investment opportunities for those willing to think outside the box.
Find the Best Place to Invest in Real Estate Today
If you’ve never invested in real estate before, it’s important to start off slow with one or two properties. Get your feet wet and learn from any mistakes you make along the way.
Look for the best place to invest in real estate before investing, too. You’ll increase your chances of enjoying success when you invest in real estate located in the right city.
Take a look at our blog for more tips and tricks related to investing in real estate.