Real Estate Investing – Areas to Buy (1 of 2)

December 20, 2009

Residential and General

Real Estate Investing can be tricky and confusing, especially for beginners.   So you’ve decided it’s time to start investing in Real Estate, since this truly is the “once in a lifetime opportunity” everyone is talking about, but don’t know which areas are the best to invest in?

Each locality has a Planning and Development organization, which projects job and population growth in the region for the next 20-30 years.  Based on these projections freeways, airports, roads, and other public transportation is funded and planned.

In Southern California, the Southern California Association of Governments (www.SCAG.ca.gov) performs the research and projections, as well as plans development of public transportation.

In Arizona, there’s a Maricopa  Association of Governments (www.MAG.maricopa.gov).

0 IMG_3566How did I use these reports to my advantage?  When I looked at the MAG freeway reports, I saw that they will be closing the 202 and 303 loops in the south-west Phoenix.  Brand new properties in that area have dropped over 60%-70% easily, because these areas are not that easily accessible, even if they are brand new cities.   So I went and bought a couple of houses in Laveen, knowing that once the freeways are completed in 2012-2013 and  the economy recovers, I will have fairly new properties that will at least double in price.

In California, I went and bought a property in an area that has the highest growth projections per SCAG.   Believe it or not, it was a $28k townhouse built in 1980 that I rented for $895/mo.    And there are plenty more of these types of properties, for those of you that are interested.    And the best part about it is that these properties will probably triple in price within 5 years, since there’s a 168% growth projected in the area – the highest in SoCal!

You can find the Association of Governments reports on their websites, but if you don’t have the time to do the research and want to know which areas will grow the fastest in SoCal, tune in tomorrow for an excerpt from the SCAG reports.

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Related Subjects/Blog Posts:

http://angellaraisian.com/175/areas-to-invest-in-real-estate-1-of-2/

http://angellaraisian.com/180/areas-to-invest-in-real-estate-2-of-2/

http://angellaraisian.com/1410/areas-to-invest-high-speed-rail-through-palmdale-ca/

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2 Responses to “Real Estate Investing – Areas to Buy (1 of 2)”

  1. Jean Norton Says:

    Angella,

    Where exactly did you find that deal for $28k?

    Jean

  2. Angella Says:

    Lancaster. Kingree Ave Townhomes, off of Ave J and Kingtree.

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