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Passive Real Estate Investing

7 Steps for Picking a Strong Real Estate Market | PREI 113

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6968 Ratings

🗓️ 27 August 2018

⏱️ 30 minutes

🧾️ Download transcript

Summary

The US housing market continues to grow with rising prices and new construction supported by a strengthening domestic economy. According to new data released by the NAR, the National Association of Realtors, home prices are still rising. However, a rental property is only valuable to you if there is a person willing and able to use the property and pay you rent. If you buy a house standing by itself in the middle of a desert, the prospects of you finding a tenant are very poor. What you want is a hassle-free cash flowing property near lots of well-paid people. Those people want to live near their jobs and the amenities they enjoy. Learn the seven steps for picking a suitable and strong rental market. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to passive real estate investing to show where busy people like you

0:04.7

learn how to build substantial passive income while creating wealth for the

0:08.7

long term and now here's your host Marco Santorelli.

0:13.0

Welcome to passive real estate investing.

0:15.0

I'm your host, Marco Santorelli.

0:18.0

You know, the U.S. housing market continues to grow with rising prices, new construction,

0:22.0

supported by a strengthening domestic

0:24.7

economy, and President Trump, Love and or Hate him, has plenty of options to boost the

0:29.9

economic forecast and the housing markets from California to Texas to Florida.

0:35.6

You know, it's a seller's market across the country with persistent buyer demand, despite

0:40.8

gloomy housing forecasts, the last four years have completely missed the mark.

0:46.0

It has been strong and there's a lot of growth, strong demand, low inventory.

0:51.0

And according to new data released by NAR the National Association of

0:56.1

Realtors home prices are still rising although a lack of listings are

1:01.2

suppressing sales that means low inventory. It's been 35 plus

1:06.7

straight months of declines in home sales. That just means that the market is

1:12.0

tight and continues to be tight, which makes it challenging if you're looking to buy a home.

1:17.0

It's great if you're a seller.

1:19.0

And if you're a real estate investor, well, we can feel the pain. I don't know if you can feel the

1:24.4

pain if you're looking for rental properties it's tight so how do you pick a

1:29.6

market and properties that makes sense for investment purposes.

1:33.0

A rental property is only as valuable to you

...

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