TOP FIVE BEST CITIES OF THE U.S. TO INVEST IN THIS 2019

   

There are many ways to invest in the US. You can buy stocks of companies with an upward trend or a franchise, or purchase, repair and refurbish, rent, sell, and manage real properties. Either way, the US offers a wide spectrum of business opportunities to improve your quality of life. If you want to invest this 2019, here are five options.

5) Detroit, Michigan

Today, there is a large list of investors who guarantee that buying in Detroit is a safe option. According to Marcelo Schamy –an Argentinian resident of the United States for over three decades, and CEO of IDG Home Detroit, a real estate investment company that is making inroads in the real estate market–,this city began to resurface in 2013, when a group of entrepreneurs decided to change the trend and give the metropolis a new life:

“Detroit has managed to go from bankruptcy in 2013, to being named the 2nd best city to travel to in 2018, from an impressive investment capacity provided by both the institutional community -Goldman Sachs, J.P. Morgan, Citigroup, among others-, as well as entrepreneurs such as Dan Gilbert, Steven Schwartzman (Blackstone Funds), the Ilitch family (Little Caesar’s, Detroit Red Wings, Detroit Tigers) and many other traditional Detroit families. At the same time welcoming national retailers such as Starbucks, Whole Foods, Google, LinkedIn, Nike, Amazon, Under Armor, Shake Shack, Galaxy Software, and many more for the first time ever.”

4) Boston, Massachusetts

Known as the Athens of America, Boston stands out in the top due to its important institutions focused on scientific, economic, social, and medical research. This city seems interesting and attractive for millennials and immigrants. According to Forbes, Ralph G. DeFranco, a global chief economist, explains that: “With interest rates and home prices both on the rise, first-time homebuyers –largely millennials– may want to consider making the jump from renting to owning sooner rather than late.”  On the other hand, the Boston real estate market has plenty of buyers, and will remain in constant growth over the coming years. It’s enough to take a look at the chart below from Trulia, which plots median sales prices in Boston from 2000 to January 2019.

3) Houston, Texas

Being the fourth largest city in the United States, Houston is one of the best cities to invest in real estate. This city offers a wide international business center and affordable housing, to have access to a high quality of life, education, and a long list of opportunities for Latinos. In fact, Zillow analyzed housing markets in the country, and Houston ranks as the ninth most buyer-friendly housing market, below New York, in first place, Miami, in second, and other Florida cities, Maryland, Illinois, and Pennsylvania.

2) Miami, Florida

Miami is one of the ultimate destinations. One of its main characteristics is the huge variety of real estate products, such as futuristic skyscrapers, office towers, hotels, and luxury shopping centers. It goes without saying that Miami has a large number of immigrant population. In fact, according to Norada Real Estate Investments, a third of residents were foreign born, and it can be said that, in the last decade, opportunities for immigrants have exhibited a growing trend:

 

In 2011, nearly a third of residents were foreign born. However, about half of those become citizens, so we can say that Miami is simply considered attractive to immigrants. However, the Miami housing market is unusual in the number of foreigners buying homes here. Russians, Brazilians, Argentines, Turks, Chinese and British buyers are buying up properties here at a far higher rate than would be expected. Some see the property purchases as a safe investment, while others intend to use the beachside condos as vacation properties. A few bought homes in Miami to flee to in case their home countries became untenable, which explains the large Venezuelan expat community in Miami.

1) New York City

It is not a secret that the real estate market in The Big Apple has the most important properties in the world. It is also one of the most expensive to invest in. In fact, a report from Savills Research from last year shows New York City as the third most expensive city in the world. Notwithstanding, New York City real estate is also known for its investment opportunities; this city has many business opportunities. However, Investopedia shows that, in the real estate market, the most effective ways to carry out investments are the three following methods:

·         Invest Through a Turnkey Property

·         Try a REIT

·         Buy a Property Directly