Before you invest in real estate, one of the most important decisions you have to make is choosing a rental market. And here’s the thing about finding a market: it’s not like you just throw a dart at a map or spin a globe and invest where your finger lands. Market research is an incredibly critical step that requires a lot of thought and analysis.
On this episode of Investing in Real Estate, I’m sharing some data on the most overinflated housing markets in the US, and why you should avoid investing in those markets. Tune into this episode to hear the 10 worst housing markets for investors in 2022!
More About This Show
In my market research checklist video, one of the most important things I talk about is appreciation. We look for a sweet spot when it comes to appreciation.. Meaning that I don’t invest primarily for appreciation, but I still like to see some consistent growth. We want average appreciation; not sky high, but not non-existent either.
But if you’re new to investing, you might think that a highly appreciated market is a benefit, but here’s why it’s not: 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.
As you know, everything that has happened in the housing market over the past couple years has led to higher prices in most, if not all markets. That being said, there are certain housing markets that are extremely hot and overinflated, and those are the 10 markets I want you to avoid.
Here are the top 10 most overinflated markets that you definitely should not invest in:
10. Charlotte, NC
9. Salt Lake City, UT
8. Spokane, WA
7. Provo, UT
6. Phoenix, AZ
5. Atlanta, GA
4. Las Vegas, NV
3. Ogden, UT
2. Austin, TX
1. Boise, ID
Episode Resources
Book a Call with Our Team
HelloFresh.com/investing16 ← Get up to 16 free meals & 3 gifts!
Market Checklist Video
Report: Top 100 Housing Markets
morrisinvest.com/bootcamp ← Download your FREE 90-Day Bootcamp!
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook
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.
Ready To Build Passive Income Through Rental Real Estate?
Ready to talk about your goals? We're here to show you the tools and teach you the process to begin earning legacy wealth for you and your family.
