Wednesday, May 5, 2021 / by Ken Couture
Investing in real estate isn’t a one-size-fits-all approach. When you decide to add real estate investments to your portfolio, you need to decide where to invest. The location can make or break your investment. Whether you want to invest in the cheapest place to buy a home or the place with the highest monthly rents, knowing where you’ll make the most money is important.
Did you know you don’t have to invest in your own city or state? Today the internet and popularity of real estate marketplaces make it easy to invest in homes halfway across the country that you’ve never seen.
Las Vegas, Nevada
Las Vegas isn’t just a city for tourism. It’s also a great place to invest. Real estate investors can take advantage of the booming economy and affordable houses. Surprisingly, Vegas only has a population of 650,000, but it’s constantly attracting more people with its booming economy and variety of businesses in the area.
This year, Vegas has had an incredible increase in its property values, so while it may cost more to buy a home in Vegas, you can ride the wave as homes continue to appreciate. Today, they’re worth an average of $314,000.
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