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Dave:
So these are smaller cities where they are still strong fundamentals. Don’t get me wrong. Don’t just pick a smaller city. It still needs to be a place with job growth and population growth, affordability, those kinds of things absolutely need to happen. But these second and tertiary cities just are more affordable. These are more affordable not just for people, but for businesses too. And you’re starting to see job growth pop up and accelerate around some of these smaller cities. And to me that means population will follow and it will mean housing prices and rents will follow as well. And I want to make clear that in some cases this does mean out of state investing, but it doesn’t necessarily have to be. You can still invest in a secondary and tertiary market even if you live in a big city. Just for example, I used to live in Denver and I invested there.
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