Tennessee, Texas, and Ohio all rank in Top 4 in 2020 U-Haul Migration Rankings
Tennessee, Texas and Ohio all ranked in the top 4 in the newly released U-Haul migration rankings, a top leading indicator of population growth across the United States. U-Haul, one of the largest moving companies in the United States, collects this data to chart the top destinations for one-way U-Haul rentals. A one-way U-Haul rental is indicative that a family is moving to that particular destination. What this data shows is that these Tennessee, Texas, and Ohio are among the top destinations for families that chose to move in 2020.
Why are families choosing these states? The top reasons include lower cost of living, job growth, and more space. Spurred by the Covid pandemic, many are leaving crowded urban areas in New York and California to enjoy a better quality of life in cities like Cleveland, Houston, and Memphis where the dollar goes a much longer way and residents can have easy access to nature and the outdoors. There is also strong job and opportunity growth in all of these cities.
Cleveland, for example, contending to be on of the new tech hubs in the US, with the city becoming the 2nd largest net gainer of tech workers in 2020 in the United States, according to data collected by LinkedIn and first published by tech magazine Big Technology. As the home of the world renown Cleveland Clinic, Cleveland has always been home to some of the best medical facilities in the world. Now with the convergence of big tech, it is becoming a hotspot for medical technology.
Houston has also been a big winner in the tech space recently, with Hewlett Packard announcing their plans to relocate their world headquarters to the city. In nearby Austin, tech mogul and now world’s richest person Elon Musk has settled down and is building a new Tesla factory. Houston has always been a leader in aerospace and energy technology, and now big tech seems to be following as well. Companies like the ease of doing business in Texas, as opposed to California where regulations and red tape constantly bog down their efficiency.
In Memphis, the city remains as a key logistics hub, taking on an even more pronounced role in the distribution of the vaccine as it hosts FedEx’s world headquarters at Memphis International Airport. The airport is the second busiest cargo airport in the world, next only to Hong Kong. People also like the charm and hospitality of Tennessee residents and the more rural atmosphere.
All of these trends will increase the demand for rental real estate in these cities and states. Paraprin Capital is well positioned to capitalize on these trends, as we have been active in Tennessee, Texas, and Ohio for many years now with our Home Portfolio property rehab business. We chose these locations for the very reasons the U-Haul data is underscoring: lower property prices, ease of doing business, and strong population and job growth trends.
For those looking to secure an E-2 visa for themselves and their families, Paraprin offers the opportunity to partner with us to start your own E-2 property investment business using the the Home Portfolio property rehab business model, where you can invest in Houston, Memphis, or Cleveland real estate while securing United States residency for yourself and your family.
WHAT IS THE E-2 INVESTOR VISA?
The E-2 Investor Visa allows an individual to enter and work inside of the United States based upon a controlling investment in a business enterprise. The E-2 visa is valid for up to 5 years and can be extended indefinitely. The investor’s spouse and children under the age of 21 may also be included with the investor’s application. LEARN MORE about how you can partner with us to obtain your E-2 visa through an investment in US real estate.
