xhv8mzw7ge79waga35o97s2wbzpfr6 Rich States, Poor States

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Provo, UT 84601

(801) 758-8970

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FIG DISCLAIMER: No investments are guaranteed to result in profits. Net operating income, cap rates, and internal rates of return are subject to fluctuation and may experience a wide range of change, including the potential for operating losses. Factors affecting investment returns include, without limitation, changes in interest rates, tenant vacancies and defaults, property management expenses, repair and maintenance costs, HOA expenses, litigation, insurance rates, and relative strength and weakness in the local and regional economy. Past performance is not a guarantee of future returns. FIG does not provide tax or legal advice, and none of the statements or information on our website or sales materials should be construed as tax or legal advice. All investors are encouraged to seek advice from their own tax and legal professionals. All estimated returns on investments in FIG projects are subject to change and may be significantly different from actual financial performance. FIG is a brand used for the purposes of marketing. FIG is not an actual company but is used to brand the investment strategy used by those marketed on this website. © 2020 FIG & RE/MAX Equity

Rich States, Poor States



If you've ever read "Rich Dad, Poor Dad", you know it's the gateway drug into the real estate investing world! So we were amused to see that title for this article on economic competitiveness between states. The article is written by ALEC.org and dives into "three important variables: State Gross Domestic Product, Absolute Domestic Migration and Non-Farm Payroll Employment."

A few highlights for the States that FIG currently builds in:

Texas

From 2006-2016, the average ranking for Texas in economic competitiveness was #1. They also experienced the highest amount of domestic migration of any state.

Utah

In 2018, Utah overtook Texas for the #1 ranking of economic competitiveness. It ranked an average of #4 in the 2006-2016 timeframe.

Idaho

In 2018, Idaho moved up to #2 in the country. Migration, domestic product, and employment have all been accelerating rapidly, giving Idaho the biggest jump as we head into 2018.

If you're dying to know, we'll spoil this part of the article: the bottom 5 states are: New Jersey, California, Illinois, Vermont, and New York. Check out the article for more great information on this! If you're interested in investing with FIG in any of these markets, contact us today.

#MultifamilyInvestments #realestateinvestments #Utaheconomy #UtahInvestments #FIG #Texas #boise