When starting to invest, it’s easy to look at locations closest to you. Even when you search for your own home, location is always mentioned. And while you may be in a great location, is it great for investing?
There are a bunch of great reasons to invest locally, but there may be better opportunities that you may be overlooking. The Midwest has proved to be a stable market with high returns.
Assessing Your Current Investments
Are you invested in areas that are saturated with lots of competition? Secondary markets provide the stability and liquidity that investors are looking for with better cap rates and returns. These markets include Texas and much of the Midwest. As of recent, investors have left California looking towards the Midwest for similar investment opportunities in a stable market. The opportunities for investment in these regions are vast with less upfront capital needed due to the lower cost of living than in luxury markets.
How COVID-19 Is Affecting Different Markets
The pandemic has hit some markets worse than others. In some areas of the United States, real estate is thriving but in other areas eviction rates are rising and foreclosures are imminent. As you move further west, these numbers rise. One study gives insight into which counties within the U.S. were most vulnerable to be affected by the pandemic, showing that 25/50 of the least vulnerable counties came from the Midwest.
As you move forward in your property investments, looking into markets that are beyond your reach will prove to be important. At Wisco Turnkey, we produce properties with 12-16% return on investment that already have tenants and are ready to go. And with our easy-to-use online process, you never have to leave your house to make an investment in a stable area.
