PLACES TO INVEST IN THE USA - 3

TEXAS

Few cities in Texas are gold mines for investors.  One of the cities in Texas is McAllen.  A Hispanic baby boom is working its’ way through the regional economy.

McAllen is already 85% Latino and is larger: 3.8 members on average, compared with 2.4 for Caucasians.  These border towns have a housing shortage.  Cochrane says, “There’s pent-up demand.  They’ll be looking for more space and better space.”

He predicts that incomes will catch up to the areas’ economic growth, currently more than double the state average of 2.9%.   Manufacturers located on both sides of the border to take advantage of low wages and the common market for goods created by NAFTA.

Buying properties in an area where there is a housing shortage is predicted will usually provide investors a consistent rental income with great appreciation value.  Being an investor you may buy now and wait for the market to go up, while enjoying cash flow every month.