The reality is that living in a big city can be difficult. In fact, it can get downright costly. With costs creeping up year after year, it gets harder and harder to live in a big city. You also have to contend with higher real estate costs. It’s not so easy to find a place to invest in anymore – bad neighborhoods, skyrocketing prices and crowded market.
It’s hard for investors to get started in the market, quitting before they even begin. After all, when demand is high, it usually means higher prices.
If you plan on sticking with the crowds, then you should consider the East or West Coasts properties to invest in. Still, this is not the time to invest in these locations. You have large hedge funds that have attained billions of dollars and purchased a plethora of properties. The best deals were the first ones they bought.
Today, there doesn’t appear to be any deals. And, the ones that are may not be worth it in the end. You’ll end up paying more and not get much of a return on investment.
However, if you like the idea of making between $1,000 and 2,000 a month in rent on a $300,000 to $500,000 home, then you need to look elsewhere in the U.S. For example, it would be better to consider properties in the Midwest region.
Why the Midwest?
The real estate in the Midwest is where you want to be buying homes. Here, you’ll spend nearly one-fifth of what you pay for an East or West Coast home. Life here is generally less crowded and quieter. This region offers bigger spaces with amazing properties at very good prices. Many families tend rather want to live here than anywhere else. It offers the best schools, a high-end lifestyle and has an array of connections to the various locations.
There is not much you can complain about in Midwestern real estate investment.
The Midwest is recognized for its scenic landscapes – something you don’t see in the bigger cities. The majority of Midwestern locations provide residents with an amazing lifestyle at reasonable prices. Best of all, there’s no catch.
Living in these cities are much less than what you’d pay in a bigger city. You could save money living in a Midwestern city. It’s certainly one of the most overlooked real estate markets – why not take advantage of it?
As an investor, you have millions of Midwestern families who would love to rent out a home here. Obviously, there’s a demand for these types of rental properties.
5 Key Reasons A Midwestern Real Estate Investment Is The Way To Go
Have you ever gone into a candy store, only to feel like you’ve scored big? If so, then that’s how you’re going to feel about the Midwest properties. These properties tend to run between $50,000 and $70,000 that can bring in around $1,000 a month in rent.
Just think about how good of a return that can be for your bottom line.
Many rental homes can be found in fairly good locations. You could spend $1 million and purchase a beautiful mansion with acres and acres of land. You could buy a lakefront property, with a big pool and garage to go along with it.
You, and millions of others, don’t want to spend their life cramped in such close quarters. This is why the Midwest is such a lucrative place to invest in for real estate. You can take advantage of the extremely low living costs and properties. Be sure you invest in properties that provide you with a high return on investment. The Midwest is going to give you that and so much more.
What’s so great about the Midwest?
Life comes across as simple – It’s perfect peace and relaxation in the Midwest. No big city pressure when you’re in the Midwest. It’s peaceful living with happy tenants.
Low cost of living – This means you can afford to give your tenants all the luxuries they can afford and you can reap in the cash. You can charge more in rent but may not have to pay so much for maintenance.
Calm, quiet settings without all the traffic and noise – Yes, some Midwestern cities include neon lights, lots of traffic and millions of people. However, the majority of the Midwest is a serene oasis, with thousands of places to visit that are quiet and amazing.
There’s still a plethora of activity to enjoy – The Midwest is home to many factories and financial headquarters. After all, the corporate environment isn’t as prevalent here. Jobs tend to be more stable in this region.
People’s expectations are usually lower – With lower expectations, tenants are usually much easier to deal with. They’re not as pushy about the amenities or maintenance, and investors notice this.
Western and Eastern Coasts tend to seen appreciating values in their real estate, but how they keep going is anybody’s guess. Many people purchase an expensive property, hoping that its value will increase in the future. You can call this investing, but it’s more like a gamble.
These kinds of properties can lead to good cash flow, which is what matters most. The Midwest can give you this and more. A simple lifestyle, extensive homeownership and a low cost of living, what more could you ask for when looking at properties to invest in. Homeowners here are adamant about taking good care of their homes and ensure their neighborhoods look good too.
Checking The Areas Out For Yourself
Bear in mind if you live in another location and are considering investing in a Midwestern location, why not check it out for yourself. It’s important to know where your investment dollars are going. You don’t have to live there yourself, but you should know where your tenants are going to be. If you buy a home for $60,000, you can rent it out for $800 to $1,000 a month, which will give you monthly profit at the end of the day.
Imagine that for a passive income.
Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses from 2007 up to the present of experience in real estate investing and property management in the Memphis and Nashville markets.