If you are looking to purchase an investment property in a market that is cash flow positive look no further than our own Bay Area’s, San Jose. With jobs being one of the financial engines that determine the potential growth rate in both purchase prices and rental rates, it is important to link your purchasing strategy to the industry “Jobs” numbers. While the overall job market is on the upswing in North America, San Jose continues to exceed the national average in job growth. With over 22% of companies like Facebook, eBay, Apple and Yahoo just up the road San Jose is definitely one of the more lucrative cities to look for new real estate investment opportunities.
Investment owners find that they make more money when they invest in properties in which the area has a high hiring rate. When looking at investment properties, one can see the advantages of economic growth and that investing in these cities will definitely make a return on their investment. With San Jose in the heart of the Silicon Valley there will always be people moving to the area for high paying jobs in technology. To ensure your investment strategy is sound and fits your own goals ensure you’re working with a local San Jose property management firm to both help you find an investment property and ensure it is rented to qualified tenants at the highest possible market rate. A good property management firm will help you manage your total ROI while looking for ways to improve the marketability of your property.
A steady request for people with technology and computer experience are finding San Jose as a mecca for such jobs, the wise move for many investors is to buy property and rent it out. Property Force is also seeing an increase in folks buying multi-unit properties as their primary residence. Forbes predicts that IT jobs will continue to be on the rise for many years into the future.