With rising inflation, everyone is looking at protecting their purchasing power if not growing their wealth. Looking at the list of best passive income-producing assets, we know that real estate tops the list.
Factors To Consider When Choosing Best States For Real Estate Investors
To maximize the returns from your real estate investment, you want to buy property in states with the following features:- Population Growth- Job Growth- Rental Occupancy Rate- Rent-to-income Ratio- Tenant Default Rate- Landlord Friendly Laws- Registration Requirements- High Rent-to-purchase Ratio
At least three factors play an essential role in making Idaho one of the best states for real estate investors. First, people are moving away from large cities to smaller ones, and you will find many in Idaho. Secondly, the cost of living in Idaho is 2.3% lower than the United States national average.
Many people are escaping California and moving north to Montana, where they have more elbow room, making it one of the best real estate states. Real estate has appreciated an average of 17% over the last two years.