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Responses

  1. Well, I'll try to answer that. The truth is that there really is no such place, it is only in the minds of all kinds of people, organizations, and statistics of all kinds, and I will explain. What is important to us as real estate investors is the deal itself. Anyone who knows what he is doing can make money in any market. The market is rising and the market is falling. In a hot market and a cold market. The market is not the parameter, and I would even dare say that there may be no such thing. True, you need to know the area we work in, you need to know the trends of the market, and you need to know the pros and cons, strengths and weaknesses of the local market where I work, but in the end what really matters is the deal - do I really know how to buy below market price . If I buy below the market price- it does not matter so much where I am found that someone will buy it from me at a higher price and profit. If I go into the flip - is my staff professional enough and reliable enough, and are my numbers really correct and accurate / conservative enough or am I taking too many risks and hoping things will work out but not really thorough enough .. If I buy for rental- is my nibble company professional enough and reliable ? Is my area in high demand for rent? Is there a high percentage of evictions etc.? Precisely I think that whoever buys based on the fact that the market will do the work for him, or in other words adopts a strategy - "Buy strong and pray" - this will not be called a business plan, but wishfull thinking. Important in itself, but very risky in business and investment. There are areas that Forbes magazine defines as very hot, but homes cost half a million dollars there - does that mean it's the right light for me? Even if the current yield from rent is 2-3% ?? At the end the real question that needs to be asked is what is my strategy and do I have the right tools to execute it. Those who are professionals know how to find great deals and make great money in any market. Those who do not - even if given the hottest and best market - will lose money with a very high probability. Because his contractor will sting him, and his tenants will not pay, and the realtor will sell him dreams… So if I have to answer the question - what is the hottest area to invest in in the US, I will answer and say - the brain area. 🙂 Hope I did not dig, and hope I even helped here for one or two. Success for all of us.