Jason Hartman Recommends
Ten Best Cities for Buying
Investment Property
While many average Americans are skittish about the housing market, the country's richest citizens see current conditions as perfect for buying income properties
Irvine, CA (PRWEB) October 19, 2011
Buying investment property is the best possible way to invest your money and now is the time, according to wealth creation expert Jason Hartman. Not only does purchasing income property allow the investor to borrow the financing(leveraging debt and inflation), it allows the investor to “outsource” his mortgage payments to the tenant while ultimately earning the investor rights to a free and clear title.
“Tens of thousands, if not hundreds of thousands, of people are quietly creating wealth every year because they pulled their money out of the stock market, which has had no real gains in years, and put it to work with income property investing,” said Jason Hartman, founder of Platinum Properties Investor Network and host of The Creating Wealth Radio Show. “Time and again, history has proven that income property investments are most the historically proven way to create long-term wealth.” Hartman notes the philosophies of investment icons including Robert Kiyosaki, Donald Trump and Warrent Buffett as examples of such wealth creation.
Considering that 85 percent of all wealthy Americans built their fortunes with real estate investments, Jason Hartman shares his top ten picks in the U.S for purchasing income-producing property:
1. Atlanta - The only way to describe the hand-picked Atlanta submarkets we recommend is “exceptional.” When it comes to American cities, Atlanta is a story for the history books. First founded as a railroad hub of the southern states, it refuses to stop growing at an exponential pace while attracting numerous Fortune 500 corporate headquarters. Its population continues to grow by the millions while the number of transplant professionals looking for rental homes surges by the week.
2. Dallas - Not only home to all kinds of cowboys, Dallas is continuously rated as one of the best cities in America for business and real estate by Forbes and numerous business journals. Its market-friendly approach, favorable tax climate, proximity to freeways, large renter population and high quality of life promise a bright present—and future—for real estate investors.
3. Phoenix - When it comes to return on investment, “The Valley of the Sun” just won't quit. Not only does Phoenix continue to attract dozens of Fortune 500 and Fortune 100 companies, but the ratio of affordability to rental income potential is one of the best in the country. Phoenix is the 5th largest metro area in the United States and is sunny year-round.
4. Indianapolis - Combine a low cost of living, a bunch of the top sports franchises, ever-increasing recommendations by Forbes magazine and increasing employer presence. this is the gold mine that is Indianapolis. When a city in the Midwest manages to lead job growth nationwide in the midst of a massive economic recession, you should take notice if you are ready to buy income properties. They call it “The Crossroads of America” for good reason.
5. St. Louis - Home to very proud residents that welcome a surprising amount of tourism and visitors each year, St. Louis is beginning to impress investors. With a ton of top American corporate headquarters and a wide variety of healthy industries from manufacturing to high-tech, this jewel of Missouri is worth a look.
6. St. Robert - Perhaps the less famous Saint of Missouri, but the often unrecognized leader of regional commerce in this part of the country is St. Robert. Located just off Interstate 44 and supported in part by the stability of Fort Leonard Wood, the local military base, St. Robert has one of the highest predicted growth rates in coming years for American jobs.
7. Denver - The mile-high city first made famous during and after the gold rush and push West, Denver continues to attract adventurers, transplants and business investors. Named the 2nd best place to live by Sperling's due in part to its year-round entertainment and activities, it also keeps impressing Forbes (among others) as a promising investment market. Add well-run local government with ambitious infrastructure projects, a large “creative class” and rapid private-sector growth and you have an idea of the massive potential that Denver has to offer.
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