While I’m encouraged, as most people are, that the real estate market is picking up in most areas around the country, the real money to be made will be in buying properties in the secondary areas. For example, New York City, Miami, Charlotte, and Dallas are all doing extremely well and quickly making it hard for small investors to make purchases. The suburbs of these metropolitan areas are likely to be the next wave, and are still affordable.
Stay tuned for more thoughts on this.
© 2013 James Stuckey