Have you ever thought about investing in rental property? Look no further than right here in Pittsburgh, PA!
Jessica Conflitti, PPC and SEO at Real Wealth Network found 14 “best-buy” rental markets for the year 2017. She says:
“The best places to buy rental property often have three things in common: job growth, population growth and affordability. When you find a market that has all three of these factors, you’ll probably be able to find good investment opportunities.
There are several cities across the United States where these factors exist today — places where you can buy high cash flow rental property while prices are still low (around $100,000 in many cases), and watch your equity grow.”
Coming it at a strong #5 is none other than our favorite “Steel City,” Pittsburgh!
“With a population of over 2.4 million, the Pittsburgh Metro area is the 22nd largest in the nation. The “Burgh” is known as “The City of Bridges” for its 446 bridges, and “The Steel City” for its former steel manufacturing base.
It’s the home of several large corporations that help to keep its moderate and growing economy stable including PNC Financial Services and Federated Investors. Its economy thrives on healthcare, education, technology, robotics, financial services, glass, and more recently film production (The Dark Knight Rises was recently filmed downtown).
The region is also known for oil and natural gas production and is headquarters to major global financial institutions including PNC Financial Services (the nation’s fifth largest bank), Federated Investors and the regional headquarters of BNY Mellon.
It is ranked as one of the top 12 places to invest by the Pittsburgh Post Gazette. It’s also one of the top 10 housing markets for redevelopment and growth. Plus, according to RentRange rents for single-family homes rose 12.6 percent and the average gross yield was over 15 percent! That’s of course why why we believe Pittsburgh is one of the best places to buy rental homes this year.”
Once you have invested, be sure to contact Real Property Management Pittsburgh to ensure that both you and your property receive the high standard of care you deserve.