BiggerNews: This Area Has the BEST Cash Flow Potential in the Country

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 25 October 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Lake Effect” cash flow is starting to make landlords rich in this under-the-radar region of the United States. For the past few decades, mainstream real estate investing platforms have almost forgotten this region, and we’ve even overlooked it a few times. Here, landlords can buy affordable homes, make serious cash flow, and see significant investing advantages they can’t get in most other areas. Where are we talking about? Salt Lake? The Great Lakes? Lake Tahoe? Welcome back to this week’s BiggerNews, where we’re discussing everyone’s favorite subject—cash flow (and a LOT of it). We brought Real Estate Rookie co-host Ashley Kehr, a predominantly cash-flow investor, to the show to share why her home region is finally getting the recognition it deserves for real estate investing. If you want the residual income that will lead you to financial freedom and an early retirement, this is the region to look at. You can buy homes for a fraction of what they cost elsewhere, all while getting surprisingly high rent prices, leaving you with a serious supply of cash flow at the end of the month. We’re talking about the MOST affordable cities in this area, why the tech industry is moving in, and one crucial advantage that makes this market almost future-proof. In This Episode We Cover: “Lake Effect” cash flow and why it’s making landlords wealthy in this affordable area The most affordable (and cash-flowing) markets in this under-the-radar region Why more and more tech companies are moving into this overlooked area Appreciation potential and the cities with cash flow AND rising home prices The “booming” area that has serious infrastructure support for more jobs/businesses And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Get Banking Built for Landlords with Baselane Ready to Start? Grab “The Book on Rental Property Investing” Find an Investor-Friendly Agent in Your Area Top 10 Real Estate Markets for Cash Flow in 2024 Real Estate Rookie Podcast 10 Deals on a $20K Waitress Salary With Ashley Hamilton Connect with Ashley Connect with Dave (00:00) Intro (03:22) Still SUPER Affordable (08:32) Most Affordable Markets (11:30) Tech Industry is Moving In (14:57) Climate Resilience (18:56) Under-the-Radar Markets? (28:58) This Area is Booming (32:18) Even More Advantages? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1035 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	There's a sort of hidden under the radar region in the US that may be one of the more profitable ones for investors right now.
0:07.0	It's not exactly the Midwest. You can't really call it the Rust Belt anymore, but it's the entire Great Lakes region. Today that's what we're talking about.
0:21.1	Hey everyone it's Dave and I'm joined from right off Lake Erie in Western New York
0:26.2	by co-host of the Real Estate Rookie podcast Ashley Kerr. Ashley thanks for joining us.
0:31.6	Yeah thanks so much for having me.
0:33.7	I have to say when I first saw the show topic,
0:37.2	I kind of laughed a little.
0:39.2	I was like, you mean the Rust Belt?
0:41.0	No, but I feel like that negative connotation keeps people away from what
0:45.8	could be a great region to invest in right now. Yeah and I think there's definitely
0:50.4	promise in this region that we're going to talk about today.
0:53.4	All right, good. Well, we came up with a show topic. I'm glad to hear someone who's actually
0:57.2	there investing there right now thinks there's promise. So the reason we actually
1:01.8	came up with this show, if you all were listening a couple weeks ago Henry Washington frequent
1:07.0	Contributor to this show coined this term that I can't stop thinking about he called it quote- unquote lake effect cash flow. And if you've ever lived in the Midwest or in the Great Lakes region, you've probably heard this concept of lake effect snow where there's just so much snow in this area.
1:24.3	But the same area that experiences this Lake Effect Snow also has some of the best
1:29.8	cash flow potential in the country.
1:31.6	So actually, today I want to talk with you about the
1:34.2	advantages for investors in the Great Lake region right now and any potential
1:39.2	detractions or risks that you think are in the area. We're also going to discuss a couple
1:44.2	of specific markets like Chicago, Detroit, and a couple other smaller markets and
1:48.6	I'd love to get your opinion on them. So actually let me just ask you first is
	...

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