When we engage in the world of real estate investing, it is important to know if our prospective property to be invested with will get a good chance to be rented in. I guess it is human nature that we move from place to place. Parents may have finally settled to a certain place but remember that people multiply, that is, they will likely have children. These fruits of love will of course grow up and will also have families of their own. Certainly these new families will look for new homes to stay and raise their own children. This fact now gives us an assurance that if we invest our money in real estate, we have a big chance to get rich in the long run. The question now is which city is best for real estate investment?
For me, one of the best cities that is family – friendly is Memphis. A family – friendly city to me means a place where families could live comfortably within their means and be able to enjoy the place they are living in. Memphis is one of the cities that has a low cost of living. Latest data show that Memphis is 26.6 percent lower compared to the average cost of living in the U.S. For family members going to work or school, the average time to travel is 22 minutes which is also lower than the 25 minutes national average.
Memphis also has a lot to offer to families who will decide to move there. It houses the Pink Palace Family of Museums where parents could bring their children to a non-stop fun with the different cool attractions including the museum, planetarium, and giant theatre, among others. There is also the Children’s Museum of Memphis that offers educational exhibits and programs thru hands-on, interactive activities. It is a great place making learning a fun experience and a memorable one for the entire family.
There is no way we would regret choosing a home in Memphis for our real estate investment venture. There are many property management professionals who can help us in choosing the best homes we can buy.