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The key is picking the right place to put your plan into action.
Here are four cities to consider rentvesting in, using average home values from Zillow.
Also, check outthese real estate investment tips.
Austin is a fantastic spot for rentvesting, said Martin Boonzaayer ofThe Trusted Home Buyer.
The citys tech industry is on fire, bringing in a constant stream of young professionals and families.
The housing market is still accessible, with plenty of opportunities for property appreciation.
Meanwhile, the value in Zilker, Old West Austin or Barton Hills is closer to$1 million.
Tampa is a great market for investment properties, said Boonzaayer.
Tampa offers a great mix of rental income and long-term property appreciation potential.
Renting in posher Ridgewood Park, though, is closer to$600,000.
The citys economy is booming, with strong growth in healthcare, education and entertainment,said Boonzaayer.
People are flocking here, which keeps the rental market hot.
The property value there is over$448,000.
Just like the others, though, that fact bodes well for rentvestors.
Raleigh is a fantastic city for investing in rental properties, said Boonzaayer.
Its part of the booming Research Triangle, known for its tech and research industries.
The population is growing fast, leading to a high demand for rental housing.
With relatively affordable property prices and strong potential for appreciation, Raleigh is a solid bet for rentvesting.
There is certainly have a broad spectrum to choose from.
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