With skyrocketing property insurance costs, more homeowners are skipping insurance altogether. That proportion is estimated at 12% per the WSJ.
Single-family rents are up 6.5% annually.
Next, we discuss what might be America’s best cash flowing real estate market.
Home prices are up this year for four main reasons: large Millennial demand, scarce supply, mostly healthy economy, interest rate levels that are actually normal.
As we discuss one of America’s best cash flowing markets, it’s in a state that has strong legal protections for landlords.
The cost of living there is 17% below the national average. Unemployment is 2%, according to the provider.
Single-family rents are $1,200 to $1,500; prices are $115,000 to $140,000.
You can own a freshly renovated property, complete with granite countertops. Average tenant duration is 3-4 years.
With higher interest rates, more buyers in this market are paying all-cash or making a larger down payment.
Contact your GRE Investment Coach, a free service, if you consider purchasing property in this investor-advantaged market.
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or e-mail: info@RidgeLendingGroup.com
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