It doesn’t matter if you’re new or inexperienced in real estate investing, like any investor, you’re going to want to know where are the best cities for real estate investing and earning passive income in 2021?
This is an important question to ask because, 2020 brought major changes across the United States and many cities are no longer ideal locations for investing in real estate, at least for the near future.
Thankfully, despite the changes that we faced across the United States over the last 12 months, there still are plenty of great cities for investing in real estate. This is why, in this article, I’ll provide you with a list of the top cities across the United States that you should consider for real estate investing and earning passive income in 2021.
Dallas Texas – A Great City To Earn Passive Income
If you read through some older posts on this blog, you’ll see that I talked a lot in recent months about investing in Texas.
One of the main reasons why you should consider investing in Texas, especially in Dallas, is because the DFW area continues to have a thriving economy and has seen an average of 340 people move there per day.
With a great housing stock, demand for multifamily rental properties has increased by 14% here in the last year, this makes the Dallas Texas real estate market an ideal place for investing in real estate and earning passive income in 2021.
If you didn’t want to invest in Dallas Texas multifamily properties, the good news about the DFW area is that there still are plenty of great spots for finding all types of real estate investing opportunities including: single-family, land Lots, commercial properties, mobile homes, and self-storage.
The nearby cities that you may want to consider investing in real estate in include Irving, Fort Worth, Plano, Frisco, Flower Mound, South Lake, and Richardson.
Let’s say that you didn’t want to invest in the Dallas area, but you were still interested in finding a great multifamily rental property in Texas. Some of the other cities across Texas are that you may want to consider investing in real estate including Austin and the Houston area.
Another great City to invest in multifamily real estate, especially if you want to earn passive income in 2021 is Atlanta Georgia.
Over the last 10 years, the City’s population has grown by nearly 20% and the demand for rental properties has never been higher.
Jobs are always one of the primary reasons why people move to new areas and Atlanta does not disappoint. The city continues to be the economic capital of Georgia and since the ATL area is also rich in history, there are tons of things to see, and do here including great restaurants and great local attractions.
For investors, the biggest reason to consider investing in Atlanta Georgia real estate, especially multifamily properties, includes the fact that most properties in the ATL area start at about $70,000 and once they’re in rent-ready condition, the average property is renting for about $1,500 a month.
Lake Dallas Texas, up to 500 people are moving to Atlanta Georgia every single day and, with the city’s population projected to grow by up to another 2 million people by 2030, this makes Atlanta a city that real estate investors should consider investing in 2021 and in the years to come.
Las Vegas, Nevada
Make no mistake about it, Las Vegas Nevada has always been one of the top cities across the United States for passive income investing in real estate, especially multifamily properties.
Real Estate Investors like Las Vegas because of its proximity to California, and the fact that you can easily fly into Vegas from any location across the United States within a matter of hours.
Even though Las Vegas has built a reputation as “Sin City”, the reality is that the city has evolved over the last 20 years and now instead of hospitality and gaming being the two primary Industries, Las Vegas has attracted a diverse group of other industries including health and high-tech.
Yes, Las Vegas, took a hit during coronavirus but, once the vaccine is widely distributed nationwide, and a pandemic is officially beaten, we can expect to see Las Vegas Nevada bounce back and become stronger than ever before.
If you’ve never invested in real estate in the Pacific Northwest, one city to consider is Spokane Washington.
Spokane is a top city for investing in real estate and earning passive income in 2021 because it still has a small population of under 225,000 and there’s plenty of excellent opportunities for investing in real estate here, especially multifamily properties.
Over the last 2 years, Spokane has been a hot spot for real estate investing in Washington state because many people who have been living in Seattle are now turning to Spokane for rental properties.
There’s no doubt that the Seattle area is rapidly changing and with continued social unrest there, Spokane will likely continue to see huge population growth in 2021.
With an average rent in Spokane of $1,295 per month, plenty of things to see, including excellent restaurants, shops, and stores, the Spokane area is without a doubt an ideal place for investing in real estate and earning passive income this year.
Contact Trier Capital
Investing in multifamily real estate is without a doubt one of the best ways to earn passive income for any investor but, the biggest problem that some investors find is that they don’t have the time or energy to invest in sourcing, acquiring, and managing rental properties themselves.
Thankfully, when you partner with Trier Financial, our company can assist you with investing in tax-advantaged real estate without having to deal with the nuance or complication of purchasing and managing a property yourself.
To learn more about the advantages of partnering with us, contact me today by calling (630) 229-2383 or click here to connect with me online.