It’s said that real estate is one of the most profitable investments that you can make.
If you play your cards right, you can turn the property you own into an additional source of income that almost completely functions in the background once it’s up and running.
No, you don’t have to house-hop, flipping what you own for more than what you originally bought it for. Purchasing a second home and renting it out works just fine.
If you’re looking to add a little extra cash-flow to your life via real estate, I’ve listed 3 of the best places to invest in.
Maybe you’ve given the housing market a go before and didn’t have much luck or wanted to, but never really got the ball rolling.
Whatever the case may be, if you’re even the slightest bit interested in using real estate as a form of passive income, then the time to act is NOW!
It’s likely that interest rates will be much higher in the months to come. So, it’s ideal to take advantage of the market’s current state.
But where exactly do you start? More specifically, what area should you purchase another residence in?
Of course you can always buy a house that’s close to your permanent address, but depending on where you’re located, it might not offer the most bang for your buck.
According to the data, the top 3 places where second-home activity is heating up the most happen to ALL be located in Florida!
Orlando, West Palm Beach and Panama City each demonstrated a surprising record of strength over the long-term, suggesting that they’re viable investment options.
Believe it or not, Orlando was listed as #1 on Forbes’ list of Best Places to Buy a Home in 2018!
Prices of houses in the heart of Florida recently grew by double digits and experts are predicting that a surge as high as 35% will take place in the years to come!
To say the least, it’s a great spot to invest in if your goal is to make a profit and the same goes for any of these 3 Floridian cities.
If you’ve set your sights on renting out a second home, then I encourage you to take action before interest rates begin to rise.
In a way, it’s perfect timing…
The Annual Wealth Summit is just around the corner and it’s conveniently located in Orlando, Florida!
So, why not kill two birds with one stone by getting a feel for the best place to currently buy a home, while attending a weekend seminar that’s skewed towards all your investment needs?
Maybe lock-in a second home for the sole purpose of passive income while you’re here. It’s definitely something to consider.
Either way, if you’re interested in learning some of the best strategies for making the most out of your investments, I encourage you to pick-up a ticket for the upcoming Annual Wealth Summit.
Click here to learn more about everything that comes included with your ticket purchase and reserve your spot today!