John M Lund Photography Inc/Getty ImagesAgent Advice found 10 cities that yield a high return with home values below the national median. Investors should consider whether they prefer a quicker return or a larger one later.
Home sales, which include single-family units and townhomes, condominiums, and co-ops, declined to the lowest in three months in April of 2023,The upside is that higher rates tugged property prices down.
from Lubbock, Texas now owns 109 properties. His first two homes were purchased for $34,000 and $40,000 shortly after the 2008 crash. Hanson's advice is to look for properties that are well below the national median price to cushion downturns., purchased a three-bedroom single-family house for $53,000 in Columbus, Ohio when he got started. Harr noted that the after-repair value of a good investment property should be affordable relative to the area to attract wider interest.
The best bang for your buck is to be made on properties at the very low end of the price spectrum, wrote Heller. He added that the top ten cities for the best ROI have a typical housing value far below the national average. And as many as seven of the ten have a typical housing value less than 50% of the national average.
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