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4 Top Cities for Wholesaling Houses in 2016

by blogger1
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on Wednesday, 13 January 2016
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Where are the best US cities for wholesaling houses in 2016?

Many real estate investors are looking for confirmation that they are in the right markets, or they are searching to expand their wholesaling businesses. So what appear to be the top cities for wholesaling houses this year? What factors make a spectacular market for flipping houses fast, and for sweet profit margins?

Four worth watching…

San Diego, CA

Fortune has ranked San Diego, California as one of the top three real estate markets for 2016. This is based on booming demand, with 60% more home searches than the average national market. San Diego has been hot and healthy for a while, but an even bigger boom in demand from Asian buyers over the next year, and its affordability compared to other major Californian cities could certainly pack on profit margins for investors in the months ahead.

New York, NY

Data from Property Shark shows an insatiable appetite for New York property. Big players are splurging billions on prime property in Manhattan, Brooklyn, and even Queens and the Bronx. They appear to think nothing of forking out tens, or even a hundred million on a property that recently sold for a fraction of the price. If investors can lock down contracts here, they could definitely be in the green.

Seattle, WA

Seattle has been pegged as one of the best US cities for property price appreciation in 2016. This ranges from modest 6%+ increases by November 2016, to well into the double digits by more bullish analysts. Tremendous interest in Seattle commercial property, and ranking as one of the top markets for foreign investors this year, the fundamentals look set to grow and support broad increases in home values.

Naples, FL

Naples, Florida is forecast to see property prices grow by as much as 40% over the next few years. That makes it a great choice for those looking to transition into a new market that they can keep working for a while, and that ought to have legs for years, ensuring even mediocre purchases will ultimately be profitable.

Measuring Markets

There are many more markets expected to perform well over the next 12 months. Fortune and Realtor.com have ranked markets by online search interest, while Trulia has taken a more in depth approach; looking at concentrations of millennials, jobs, and affordability. These are all important factors to look at for both short and long term performance potential.

What will you flip this year?

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding and hard money loans for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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