These days, it has almost become a cliche that major U.S. cities situated near the coasts have outrageously expensive real estate. Yet the truth is that while many of these cities certainly have plenty of high-end properties, they also feature strong small to mid-range markets for buyers and and those interested in real estate investment.
Gallup recentlyreleased reportsindicating that the majority of Americans believe that real estate is the best long-term investment. The esteemed polling organization determined 34% of Americans surveyed choose real estate as the best investment for the fifth straight year.
Richmond, Virginia is one of the hottest real estate markets in the country right now, and there’s no shortage of reasons why: strong economy, rich history & culture, and picturesque location, to name a few.
There’s no denying that fix and flip TV shows are entertaining to watch. Programs like Flip or Flop, First Time Flippers, and Fixer Upper draw in viewers with big margins, beautiful homes, and rapid renovations.
No matter how the real estate market fluctuates, one thing remains the same – real estate investors need money to fund their projects. As the lending landscape has changed over the years, it has become increasingly more difficult for developers to get the money they need through traditional lenders.