Location and real estate go together like peas and carrots.

Cliche? Without a doubt.

But there’s a reason that the phrase “Location, location, location” is has such a familiar ring to it — because it is true. Buyers who have the foresight to capitalize on real estate opportunities in desirable areas early often enjoy the financial rewards sooner rather than later.

Sure, numerous buyers often step in … er, get lucky when it comes to finding hot locations. Sometimes there’s just no telling that a neighborhood or town is on the verge of resurgence before it’s too late. However, it’s sometimes simple to manufacture good fortune rather than just crossing your fingers and hoping for the best.

For example, the American Association of Retired Persons (AARP) recently released its, “5 Great Places to Live” in the United States. This is a practical list that takes into consideration culture, work options, mass transit, fitness opportunities, and more — it’s not just a list of ideal destinations for retirees.

Indeed, the article attempts to find the locations that appeal to buyers at all stages of life, from “young families to active retirees, and everyone in between — so that older residents (and there are increasing numbers of them as boomers reach retirement age) are not a drain on a community’s resources but are an asset to them.”

So what does that mean for you as an investor?

The short answer is research locations that appeal to the largest buyer pool possible, particularly areas and neighborhoods that cater to young professionals and senior citizens alike.

This will more than likely ensure that your investment remains equitable (and perhaps appreciates over time), possessing strong resale value.

Here are the AARP top five spots:

• Atlanta, Georgia
• Portland, Oregon
• Chandler, Arizona
• Boston, Massachusetts
• Milwaukee, Wisconsin

To find distressed properties in these locations remember to check out Foreclosure.com for the best deals in real estate. We update our comprehensive database of more than 1.2 million listings at least twice each day.

And, it’s as easy as pie to search!