With a lot of influence and readers it is always wise to keep an eye on what the AARP is recommending. In this case the AARP just released a Top 10 list of affordable cities for retiring to, which may also make some good choices for real estate investing.
It may not even be whether the spreads are any different in these destinations that always make them the best choices for real estate investing as you can find deals wherever you are, but it may mean a spike in interest from consumers for properties in these areas and a beneficial way to position your location to out of area buyers.
What criteria was taken into consideration by the AARP in choosing these cities? Property tax rates, sales tax rates, cost of living, taxes on social security and pensions, median housing prices and recreational factors as well.
Who made it into the top 10?
- Winchester, Virginia
- Portland, Maine
- Gainesville, Georgia
- Wenatchee, Washington
- Tulsa, Oklahoma
- Cheyenne, Wyoming
- Columbus, Indiana
- Midland, Texas
- Ithaca, New York
- Harrisburg, Pennsylvania
Check out the stats and real estate investing opportunities in these cities, especially if you live in or near one. Share this list or pull up the appropriate AARP page and use it in your marketing to promote your destination and capitalize on the current interest.
Retirees make great customers for real estate investing companies. They often buy cash and they may even want to put some of their money to work with you as a private mortgage lender if you play your cards right. However, keep in mind the type of properties that they are after and be familiar with the common challenges they may face in relocating. What can you do to make it easier for them? Can you partner up with local moving companies and concierge services to make your real estate investing business stand out as the best choice to do business with?
