Are you wondering where you can invest in real estate in the US? That fact is, when it comes to real estate investment, there is no one-size-fits-all approach. What’s right for you might not be suitable for the next investor. Where you invest depends to a greater extent on your personal preferences and investment objectives.
However, there are certain everyday things that many investors look out for. These include affordability, population growth, job growth, taxes, to mention a few. Whether you are a novel or a hardcore real estate investor, you need to consider the top five cities for your next investment venture.
Located in the eastern part of Arizona, Scottsdale is famous for its golf courses and lavish spas. It is one of the best cities in Arizona for real estate investors. There are many reasons for this. The economy of Scottsdale is growing and robust.
That’s why there are many Scottsdale homes for sale. Its fast growth is attributed to the fact that there’s an average annual increase of about 3.2% in employment opportunities. The high influx of well-paying jobs and companies is also attributable to its business-friendly policies, especially on taxation matters. In 2017, WalletHub ranked Scottsdale among the best cities in the US for employment opportunities.
Most industries in Scottsdale are doing well, including tourism, hospitality, technology, and healthcare. Another advantage of investing in Scottsdale is that there’s an acute shortage in housing inventory, which causes a steady rise in house values. Not to mention the lower cost of living when compared to California and New York. Scottsdale boasts higher living standards. That’s why if you look at most of the Scottsdale homes for sale, they are found in high-end areas.
The city has a vibrant downtown area, convenient access to Spring Training facilities, high-end shopping, and other tourist attractions. To crown it all, there’s a high demand for traditional investment properties in Scottsdale. For example, many people consider Scottdale as the best city to retire in the US.
The best decision you can ever make is to invest in Lexington’s real estate market. Even though it may seem like all investors are looking into real estate, this city still holds a lot of hopes for those who want to try it.
Why should you look at Lexington? There are many reasons to do this. For a start, the rates here are low and rental units are in great demand. Most people in Lexington prefer rental to homeownership. So, you need to identify the neighborhood where you can get tenants, and you’ll be good to go. Another advantage of Lexington is that its economy is doing so well. Meaning many people here do not have any problem paying rent.
The latest census puts Boise’s population at 234,576. Being the capital city of Idaho, this is expected. It is the 97th largest city in the US, with an annual population growth rate of 1.25%. Since 2010, its population has increased by 14.04%.
Boise has all that it takes to be the best place for real estate investment. Apart from the low taxes, many investors here are eyeing the student market. It is the biggest student market in Idaho because it is home to Boise State University, Idaho State University, and the University of Idaho plus all their satellite campuses. Also found here is the Boise Bible College.
Another factor fueling the Boise real estate market is that job opportunities are available here. In Boise, job opportunities and population grow at a rate that’s three times that of the national average. This explains why many people are moving to Boise, and all of them are looking for residential properties.
Boise provides an excellent quality of life and is one of the best cities in recreational opportunities. Its location will put you within reach of the local wilderness. Its climate is also conducive, making it comfortable for skiing, rafting, biking, golfing, hunting, kayaking, and even rock climbing.
Many people associate Austin, Texas, with live music, but that’s not all that Austin is about. News is spreading about how this city is lively and is ripe for real estate investment. Many commercial and residential investors have discovered that Austin is among the hottest markets for real estate investors in the US.
What with its continuous expansion courtesy of its population growth, high-class schools, availability of jobs, affordability of housing, industry influx, and tax benefits. Many tech companies are found in Austin, including PayPal, Amazon, and Apple. The big industries that fuel this city’s growth include the pharmaceutical, biotechnology, and technology sectors.
Austin has a population of about 985,000 people, and it is estimated that the city receives at least 100 new residents daily. Austin’s property prices keep rising, and experts expect that Austin’s real estate market will do better than the national average in just a few years to come. This is because many companies, including Tesla, are expected to move to Austin, and the existing ones are also expected to expand.
Florida is known for its vacation destinations, theme parks, and picturesque beaches. It is also a cultural melting pot supported by a robust economy. These are justa few of the reasons real estate investment in Sebring is a good bet.
Sebring’s economy is growing, which is the most critical factor that should drive you to invest here. Florida is one of the states that perform well economically in the US. With a GDP growth rate of about 4%, it is ranked four in the US.
Besides, Sebring is also a tax-friendly city, which makes it suitable for all kinds of businesses. Florida is among the seven states where personal income tax is not levied, meaning entrepreneurs and investors can substantially reduce their tax burden.
The unemployment rate in Sebring is meager, courtesy of its growing economy. According to the Bureau of Labor Statistics, Florida data, the unemployment rate here stands at only 3%, which is below the country’s average. The growth of its economy is also attributed to its population growth rate, ranked 2nd in the whole country.
The cities discussed above are the best when it comes to real estate investment in the US. Depending on where you are or where you intend to invest, choosing any of them to guarantee you some return on your investment. The fact that they are showing positive population and economic growth means they are the most suitable cities for real estate investment. Whichever city you choose, ensure that the neighborhood you invest has access to health, education, transport, and recreation facilities. This will increase your chances of getting tenants.
7 Signs Your Business Face Financial Trouble
Within the last few decades, many companies, from high-profile mainstays to small local businesses, have fallen by the wayside. While some of those closures, administrations, and liquidations come seemingly out of the blue, there are somewhere in actuality the warning signs for the business were there before the final nail was driven in.
Listed below are seven key signs your business is in financial trouble.
Your Cash Flow Is Imbalanced
As the word goes, running a business, “cash is king.” An easy cash flow, where enough arrives to cover your outgoings, is key to keeping your organization operating. However, this flow could be sensitive, especially in small businesses. A supplier or customer perhaps not spending punctually may impact your cash flow, as may premature expansion or overspending in times wherever in actuality the going is good.
Negative cash flow is appropriate in the temporary while a fledgling company sees its legs or in the aftermath of an important expansion. But without positive cash flow, in the future, a small business cannot pay its costs and thus cannot survive. If your fund office is postponing spending its costs or team, it may indicate imbalanced cash flow.
Creditor Pressure Is Growing
The best way to help keep your creditors happy and minimize the pressure on your own company’s shoulders is to cover them on time. If your outgoings outnumber your income, it’s tempting to delay spending invoices. But doing this is just a sure-fire treatment for sour relationships along with your creditors, who may start chasing you for payment.
This may start the slippery slope into further trouble, as they’re likely to carry on chasing you until your debts are paid off. Creditors could even resort to legal action in an endeavor to retrieve their money, and you might wind up facing bailiff action.
You’re Always Refinancing
Refinancing alone isn’t an indication of financial trouble; it is a legitimate way of freeing up cash tied up in company assets by borrowing money secured against an assets’value. It can be used to lessen rates. While refinancing once isn’t abnormal, the business must manage to afford the repayments. If it occurs usually, it could be a sign of higher financial problems, and lenders may become cautious of companies continually refinancing, which may lead to more economic troubles later.
Until you are the main trader, staff are one of the very most vital the different parts of your organization, and employee morale often correlates along with your company’s health. One of the very obvious signs of financial trouble linked to staffing is layoffs and cutbacks in employee benefits, bonuses, or even a pay freeze.
The business could also change its contracts with staff, reduce hours, introduce zero-hour contracts or make staff work more for the same money. Doing so risks souring relationships along with your personnel and could cause to another location point.
Bad Company Atmosphere
Reducing advantages while increasing objectives on personnel will likely result in a bad environment and a drop in work satisfaction. Work can become less of a place of work and more of a place for fighting fires, constantly coping with problems instead of being productive. Team may lock onto that downturn and modify the atmosphere and start causing higher figures, too, taking people back to the last position about staffing issues.
Counting on Individual Contracts or Projects to ‘Sort It Out.’
Whenever a small business is operating healthily, it will have many clients or customers on the books with consistent income. Businesses in a less healthy position might put more weight on the agreements they do have. If one improvements company or stops being fully a regular source of business, the consequences will have an even more detrimental impact.
You could notice the company is relying more on fewer clients or focusing all of its efforts on acquiring new ones to the detriment of those they already have. This could sour relationships with existing customers and be described as a sign the directors are desperate for income.
Your Customers Have Noticed
Clients are very good at spotting when things change, and if they feel they’re getting less while paying the same money, they’re unlikely to stay quiet. If your employees are unhappy, prices suddenly rise, or benefits such as loyalty programs are scale back, rumors may start circulating, customers may start asking whether you’re closing, and in the worst-case scenario, it could get found by local or national media.