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When it comes to investing in real estate, the place where you buy will greatly affect your returns. If you’re looking for longer-term returns, you should purchase in a place where property values and rents will continue to grow over the next decade.
Also: Grant Cardone Reveals 6 Cities He Would Buy Investment Property in Right Now (and Where He Would Avoid)
Learn: 3 Things You Must Do When Your Savings Reach $50,000
GOBankingRates spoke with Grant Cardone, private equity fund manager and real estate investor, to get his picks for the best places to buy real estate over the next decade. Here are the cities he chose.
Also see what real estate agents say.
Grant Cardone’s Best Places To Buy Real Estate Over the Next Decade
Cardone’s top places to buy real estate over the next 10 years:
The Gulf Coast of Florida: Miami, Fort Lauderdale and Tampa
Atlanta
Tennessee: Nashville and Knoxville
Texas: Austin, Houston and Dallas
Scottsdale, Arizona
Southern Utah, south of Salt Lake City
North and South Carolina
Cardone said, “[These locations] have positive migration; the cost of living is still affordable in those places, including homes; [and] we have jobs moving into every one of those markets. The migration is basically net positive migration from California, New York, New Jersey [and elsewhere in] the Northeast, because mostly those places are warm and, as people get older, their bodies don’t like cold as much.”
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This article originally appeared on GOBankingRates.com: Grant Cardone: These Will Be the Top Places To Buy Real Estate Over the Next Decade
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This article was originally published by a finance.yahoo.com . Read the Original article here. .