7 Fla. cities best in for real estate investment

SAN FRANCISCO, Calif. – The JWB Group, a real estate analysis company, created a list of top U.S. cities for investors who want to buy real estate for use as a passive investment. JWB says several sources of independent data were used to compile the list, but it did not include rental communities that can have fluctuating rent indexes.

Seven Florida cities made the top 25 for passive real estate investment, with Jacksonville landing in JWB's No. 1 spot, followed by Ocala and Palm Bay.

"People who have money to invest are not always experts in housing industry investments and can have many questions before investing an IRA or cash funds," JWB's report said.

Top 25 U.S. cities for passive real estate investment

1. Jacksonville, Fla.
2. Ocala, Fla.
3. Palm Bay, Fla.
4. Memphis, Tenn.
5. Las Vegas, Nev.
6. Toledo, Ohio
7. Detroit, Mich.
8. Orlando, Fla.
9. Syracuse, New York
10. Atlanta, Ga.
11. Richmond, Va.
12. Kissimmee, Fla.
13. Homosassa Springs, Fla.
14. Muskegon, Mich.
15. Tampa, Fla.
16. Mobile, Ala.
17. East Stroudsburg, Penna.
18. Marietta, Ga.
19. Baltimore, Md.
20. Clarksville, Tenn.
21. New Orleans, La.
22. Cincinnati, Ohio
23. Indianapolis, Ind.
24. Tacoma, Wash.
25. Milwaukee, Wis.

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