The nation's economy has always been closely linked to the health of the real estate market; as a result, when the real estate market is booming, so is America's financial state. This symbiotic relationship stems from the influx of cash that investors spend on real estate investments. Fortunately, the investor's measures prove to be as advantageous for the economy as it is for the investor.
California is the most populous state in the nation, has the highest gross domestic product and covers more area than any other in the lower 48 states other than Texas. As such, the state of California has a vibrant and remarkably diverse real estate market. In fact, the National Association of Realtors Realtor Magazine just forecast the biggest home price increase (5 to 7 percent) in the state of California. For investment property, the potential profits will be even greater. Below are the key areas that will drive that increase:
Here's 5 things you should know before you flip a property:
