Choosing the Right Market - an Engineer's Perspective

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

The Real Estate Guys

Robertkiyosaki, Realestateinvestors, Realestateguys, Realestateinvesting, Syndication, Investors, Richdad, Realestateguysradio, Business, Investing, Realestate

4.7 • 696 Ratings

🗓️ 9 April 2012

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Is there a scientific way to approach market selection? Something the average real estate investor can actually do? Our in-studio guest Tom Wilson thinks so! Tom enjoyed a 30 year enginerring and management career in Silicon Valley, but decided that Corporate America wasn't going to provide the kind of financial future he dreamed of. Real estate looked good, but he'd heard some horror stories, so he decided to put his engineering background to work on designing a secure path to real estate riches. Today he's done multi-millions of dollars in deals and owns over 230 rental units. So while he's not Donald Trump or Ken McElroy, his formula seems to be working. And he says a big part of his success has been thoughful market selection. Want to know how he did it? Then listen and learn as Tom Wilson gives us an engineer's perspective on real estate market selection. The Real Estate Guys™ radio show provides real estate investing news, education, training and resources to help real estate investors succeed. Learn more and subscribe to the free newsletter at www.realestateguysradio.com

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Real Estate Guys Radio Program.
0:03.0	If you're going to be a successful real estate investor,
0:05.0	one of the most important things you have to do is pick the right real estate market.
0:10.0	Our markets today, you're going to meet a very interesting gentleman who has chosen a market
0:14.0	and you're going to learn not only why, but what success has meant for him today on the Real Estate Guys Radio Program.
0:20.0	Have you ever been frustrated with your bank? has meant for him today on the Real Estate Guys radio program.
0:24.6	Have you ever been frustrated with your bank?
0:26.0	Denied a loan.
0:28.0	Charged excessive fees.
0:29.9	Hassled over late payments.
0:31.9	Don't worry, you're not alone.
0:35.9	What if you could become your own bank, set your own terms?
0:39.2	Interest would be paid to you. All your monthly payments could be reused for other purchases. Now you can't. There is a cash management system
0:45.7	that families, business owners, and investors have used for decades which allows you to be the
0:51.4	bank. For a free article from our friends at Paradigm Life, visit www.
0:57.8	www.beyourbank.com or call us at 1-888-510-68-68-1838-extension 116.
1:09.3	Welcome to the Real Estate Guys Radio program. I'm your host, Robert Helms. We have an amazing show for you today.
1:15.0	Joining me, as always, co-host Financial Strategist, Russell Gray.
1:17.7	Hey, Robert. How you doing? Great.
1:19.5	You know, we always talk about it with real estate investing. In our mind, you have to start with your personal investment philosophy, who you are as a real estate investor, what you want to accomplish. Then you need to pick a marketplace. Once you pick a marketplace, now you've got to find a great
1:31.1	team, and then and only then do you buy a property. Property is the last thing. And so today,
1:36.3	as we look at those four things, what we're going to focus on is picking a market. Crucial that
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Real Estate Guys, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Real Estate Guys and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.