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Investing In Real Estate Podcast

One of the most popular topics I get asked about is rental markets. People always want to know, “is this city a good rental market?” The truth is, market research takes a long time—months, even up to a year sometimes. So nine times out of ten, I can’t tell you if your city is a good rental market. I just don’t have the data.

But what I can tell you is what you should look for in a stable rental market. One of the things that I look for in a market is slow and steady appreciation. If a market is overvalued, it’s going to be hard to make a solid investment there. On today’s show, I’m taking you through the top 10 overpriced rental markets that you should not invest in!

More About This Show

If you’ve watched my rental market checklist video, you’ll know that one of the top things on that checklist is appreciation. And for me, there’s really a sweet spot when it comes to appreciation. I don’t invest primarily for appreciation, but I do like to see some consistent growth. We’re looking for average appreciation. Not crazy high, not super low either.

Because if you invest in a market with crazy appreciation, chances are you’re going to be overpaying for the property – and in turn making lower returns.

I always follow this guideline about appreciation, but now more than ever, this is something you’re not going to want to overlook. The pandemic has contributed to hot markets in many areas – and the last thing I want for you is to get into a real estate deal that doesn’t pay off.

A new study from Florida Atlantic University looks at America’s most overvalued housing markets. Today I’m going to share some data from this study – specifically, the top 10 most overvalued markets in the US.

These are cities where you will not want to invest – because you’ll overpay and end up with low returns.

  1. Boise, ID
  2. Austin, TX
  3. Ogden, UT
  4. Provo, UT
  5. Detroit, MI
  6. Spokane, UT
  7. Salt Lake City, UT
  8. Phoenix, AZ
  9. Las Vegas, NV
  10. Stockton, CA

Episode Resources
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Rental Market Checklist
The Most Overvalued Markets in the US
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to​ use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

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Posted on

October 28, 2021

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