Finding good real estate deals is not easy for the real estate investor. Research, then research, then research some more! It all comes down to finding the best states to invest in real estate then finding the best city then the best neighborhood and, finally, the best investment property! So, at Mashvisor, we’ve made your job one step easier by locating the best states to invest in real estate for you!
What are the best states to invest in real estate in 2018?
After careful consideration and filtering through measuring return on investment, taxes, and even legislation and real estate prices, we’ve come up with the best states to invest in real estate (in no particular order):
Florida
Florida’s sunshine is sure to bring it some real estate attention and land it a spot in the best states to invest in real estate. Many local real estate markets are thriving in Florida! Not to mention the tourism sector that’s creating a boom in Airbnb rental investments. Whether you’re going to invest in Fort Lauderdale, Miami, or Orlando, you’re sure to make a sophisticated real estate decision anyway!
Of course, real estate appreciation is sure to take hold of Florida real estate. Let’s take the Miami real estate market under the spotlight and analyze it using Mashvisor’s investment property calculator. With a median property price of $641,540, it’s easy to become a real estate investor in Florida. Along with Miami, many smaller cities are experiencing natural real estate appreciation in the Florida real estate market.
If you’re considering buying an investment property in the Miami real estate market, read this blog post: Airbnb Miami vs. Airbnb Tampa: Which Makes for the Best Real Estate Investment in 2018?
Colorado
With a versatile state like the state of Colorado, you can have both a snow cabin in the woods and a desert outskirt yurt without resorting to out-of-state real estate investing. There is plenty to see in Colorado for the tourist, allowing real estate investors to capitalize on that by investing in short-term rental properties. Meanwhile, the economy of Colorado is allowing more and more migration which is creating a need for long-term rental properties. For those who are looking to invest in traditional rentals, keep an eye on the Colorado real estate market. It comes as no surprise that Colorado sits among the best states to invest in real estate in 2018!
Let’s put the Denver real estate market under the spotlight to explore the profitability of investing in this young real estate market. With a median property price of $491,392, you are guaranteed a good return on investment. For Airbnb rentals, rental income averages about $3,241. It’s a good real estate investment strategy to go for with Colorado real estate.
Washington
When we’re talking about the Washington state real estate market, it’s very easy to think of Seattle’s mature real estate market. However, Olympia often gets forgotten behind the thunder of Seattle. Olympia’s real estate market maintains a median property price of $449,147. The real estate market is open for beginner real estate investors and allows first-time buyers to take a chance on Washington real estate. More often than not, real estate investors in Olympia are choosing to go for long-term rental strategies instead of short-term rentals. This is mainly because the median traditional rental income in Olympia is $1,592.
Consider investing in cities in Washington state before real estate appreciation takes hold of this booming real estate market.
Michigan
Whether it’s sports or economics, Michigan always seems to come up to ensure you remember it. In the Michigan real estate market, there are plenty of options for the real estate investor. You can choose a small city or a metropolitan one and you’ll find the real estate investment you’re looking for! Let’s take Lansing real estate as an example. With a low $107,743 property median price, you can buy a property and become a real estate investor. Additionally, making money in real estate in Michigan is attainable; you must be persistent and come up with a suitable business plan that reflects it.
If you’re interested in the Michigan real estate market, read this blog post: Michigan Real Estate Market 2018: Can You Make Money Investing Here?
Texas
One that must be on every growing real estate market list is Texas! It has made it along with the best states to invest in real estate in 2018. With major cities growing in terms of industry and economy, it makes sense that the real estate market is blossoming along the way! Let’s take the Austin real estate market under the microscope using Mashvisor’s analytics. Median property prices go for about half a million while retaining a good return on investment. All thanks are given to Airbnb rental properties and the many other real estate investment strategies.
To go more in depth in the Austin real estate market, read this blog post: Should You Invest in Traditional Rentals or Airbnb Rentals in the Austin Real Estate Market in 2018?
How to find the best real estate markets within each state
As previously stated, finding the best state is the first step to finding the best real estate investments. After finding the best states to invest in real estate, you can start looking to make money in real estate by analyzing the markets and running a comparable market analysis. Nowadays, anyone can run a real estate market analysis or a comparative market analysis through an investment property calculator.
What makes Mashvisor’s investment property calculator a unique front for the complicated analytics that support it is your ability to conduct a fully automated market analysis through our artificial intelligence system. You can find out the cash on cash return, capitalization rate, and even compare different properties and neighborhoods.
Click here to make use of the 14-day free trial offered by Mashvisor’s investment property calculator and find out what it’s all about!
Final words
Finding the best states to invest in real estate is a must. Real estate investors must invest their valuable time in creating a substantial real estate deal. These real estate markets are guiding posts for you to focus your research on. Accordingly, this helps you to navigate and find out how to make money in real estate. Keep in mind that real estate investment strategies might differ by the core of the real estate investment business so make use of the numbers. Start investing today and don’t be afraid to dive into the pool of beginner real estate investors.
If you have any insights on the best states to invest in real estate, please share them in the comments section.
