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Homebuyers and retirees find [these cities] attractive because [theyre] cheaper than other major cities.
The robust economy of the city, particularly in technology, boosts the market for housing.
Hes especially interested in the townhome and condo market off hillside areas amongst tech office locations, he said.
Its also affordable compared to the national average and has afavorable tax climate, he said.
He also keeps tabs on where companies are relocating or expanding their operations.
Lastly, he analyzesrental yield trends and housing supplyversus demand.
Areas with tight inventory and increasing rental rates are typically worth exploring.
What Sort of Investments Are Possible in These Areas?
Dont Rush In
DeLonde cautioned newer investors to practicepatience and due diligence.
Dont rush into a hot market without understanding its nuances, he said.
Partner with local experts like real estate agents, contractors and property managers to save you from costly mistakes.
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