Real estate investing is one of the best ways to diversify a portfolio and make a little side cash. It’s one of the most stable markets there is, and you can leverage others’ money to make it happen.
According to CNN Business, 2019 may be a good time to invest in rental property, thanks to the reduction of home sales and increase in rentals.
“Additional inventory will help contain rapid home price growth and open up the market to prospective homebuyers who are consequently — and increasingly — being priced out,” National Association of Realtors Chief Economist Lawrence Yun said. In other words, as the demand for these houses decreases, prices will begin to fall, making it a great time to swoop in and make a profit from rental properties.
But real estate investing is only as good as the market you’re in. It’s important to judiciously research a potential investment area to ensure it will lead to profits. In Arizona, you’ll want to carefully watch the following markets.
