Real estate in general has long been a way for Americans to generate wealth. However, most Americans don’t venture outside of their primary residence when it comes to investing in real estate.
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Owning a rental property in a hot market can generate both long-term capital gains and immediate cash flow. In many areas, rental income can far exceed the cost of the mortgage on the property. This means that you’ll essentially be paid to own a property as it appreciates in value. However, to reach this investment nirvana you’ll have to pick properties in hot areas that generate consistent rental income. Here’s a list of five areas that do exactly that.
30A, Florida
The term “30A” isn’t known