Factors That Can Indicate a Profit
Factors That Can Indicate a Profit – There are about 85 million single-family homes in the U.S. Although it’s possible to rent nearly every home, the truth is that some homes make more profitable rentals than others.
If you’re thinking about buying your first rental property, or are adding another home to your real estate investment portfolio, keep reading to learn 12 key factors for investing in a profitable rental property.
The single-family rental (SFR) asset class is attracting capital from both private investors and large institutional owners and operators.
Profitable rental property can be found in cities where the economy is strong, the population is growing, and listings and vacancies are low.
Things to consider when looking for rental property include local amenities and transportation, increases in home value and rent price growth, and neighborhood ratings.
Here are 12 key factors to consider when purchasing a home as a rental property.
1. Strength of local economy
Cities where job opportunities are increasing, businesses are expanding and relocating, and median household incomes are growing see more demand for housing and attract more tenants. Sun Belt cities, such as Phoenix, Austin, and Tampa Bay are 3 of many great rental property markets with vibrant economic growth due to business-friendly climates, lower taxes, and economic diversity.
2. Population growth
Economic growth, lower cost of living, and better quality of life attract more residents and businesses. Some of the fastest-growing places in 2021 and 2022 include Orlando, Florida; Spartanburg, South Carolina; Austin, Texas; Charleston, South Carolina; and Fayetteville, Arkansas. The U.S. Census Bureau QuickFacts page is a good resource for learning about population growth for every city, county, and state in the country.
7¢ Skip Tracing – Guaranteed lowest price on the market for the best quality data.
Don’t just take our word for it. Try us out by running a small list first to see the tier 1 data for yourself!
🔥Pay wholesale price for quality data
🔥Receive the TOP 3 Phone Numbers
🔥Discover which phone numbers are best
🔥Learn the BEST Time to reach a contact
🔥We can take your old list, grade it and come up with the
🔥BEST NUMBERS to contact
🔥Develop a SNIPER MARKETING Plan
🔥Increase ROI and TEAM MORALE
We have current deals and promotions you cant miss! Limited time so act now!
Have Questions? Reach out to us, we’re here to help.
Call us at: 866-962-8190
Essential Software For Sales & Marketing Teams Essential Software For Sales & Marketing Teams – Is your sales and marketing team still using Excel spreadsheets and emails to keep track of customers and generate leads? There’s no time like the present to change that. Many organizations waste their growth team’s precious time by clinging to […]
🔥Why You Should Invest in Commercial Real Estate🔥 Why You Should Invest in Commercial Real Estate – Amidst the rising new trend of returning to office with optimism, there is a strong uptick in commercial real estate. Investing in Commercial Real Estate (CRE) assets has become more cost-effective and less time-consuming, thanks to the introduction […]
Real Estate Investing Gurus – Top Tips I’ve Learned Real Estate Investing Gurus – Top Tips I’ve Learned – Everybody learns from somebody, and, when it comes to real estate investing, I definitely have spent considerable time and money studying flipping “at the master’s feet.” I’d like to share the top tips from the top […]