Have you been looking for a solid investment opportunity? If so, you’ve definitely come to the right place for advice.
It’s no secret that real estate is always one of the best places to put money. After all, everyone needs a place to live and businesses need office space.
Southern California real estate is a booming industry. It’s an area of the country with surf, sand, and all the sunshine you could ask for. That’s why people continue to flock here year after year.
The article takes a look at the best places to invest in real estate in California. Keep scrolling to get the inside scoop on becoming part of this exciting real estate market.
1. Long Beach, CA
When it comes to investment opportunities, California is overflowing with amazing real estate. If you’re looking to take a versatile investment strategy, Long Beach certainly has a lot to offer.
With a median property price of just over $785,000 and a price per square foot of $470,000, it’s an enticing city for anyone interested in rental properties or purchasing a home.
In fact, Long Beach is one of the best markets in the state for short-term rental income, including Airbnb.
2. San Diego, CA
San Diego is another Southern California real estate hot spot.
What makes San Diego so special? For starters, the weather is gorgeous, plus is a great city for owning rental property. After all, people love this city for its year-round sunshine and fun.
In addition, the city’s economy has a plethora of blazing-hot industries, including manufacturing, trade, and research. Thus there is never a shortage of people in search of apartments and homes to rent.
Check out these amazing homes for sale in San Diego.
3. Seattle, WA
Now let’s step outside of California and move up the coast to the glorious city of Seattle.
Unless you’ve had your head in the sand for the past few decades, you’re very aware of Seattle’s thriving economy. After all, this is the home of Microsoft and Starbucks, just to name a few.
Seattle features low unemployment and strong job growth, thus there should be no shortage of renters in search of places to live over the next 10 to 20 years.
4. San Jose, CA
Back to California, let’s take a look at the lovely city of San Jose. Known as the “Capital of Silicon Valley”, this is a community that features a workforce flush with high earners. It’s the ideal location for rental investment, especially when you consider the fact that the high-tech industry shows no sign of slowing down.
5. Sacramento, CA
Our final stop in California is the city of Sacramento. This is actually one of the most affordable communities in the state, with appreciation that ranks above the national average. If you’re looking for a city to own rentals or to flip homes, this could be the perfect spot to get started.
A Guide to the Best Place to Invest In Real Estate On the West Coast
There are a million reasons to live on the West Coast. Which is exactly why it’s one of the best places to invest in real estate.
Keep scrolling to find more useful lifestyle tips and advice on our blog.
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