Data You Need to Have Before Investing in a RE Market!
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 10 October 2024
⏱️ 40 minutes
🧾️ Download transcript
Summary
Ken & Danille McElroy discuss the key factors to look for when choosing a real estate market to invest in. From population growth to rent trends, Ken breaks down the variables that determine whether a location is prime for real estate development or investment, providing actionable insights for both new and experienced investors.
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Visit Ken's Bookstore: https://kenmcelroy.com/books
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
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Transcript
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| 0:00.0 | So today we're going to be talking about a question that we get asked a lot. |
| 0:05.0 | You know, a lot of people ask, you know, is Phoenix a good place to invest? |
| 0:09.0 | Is Arizona a good place to invest? |
| 0:10.7 | Is New York a good place to invest? |
| 0:12.1 | So instead of telling you guys where to invest, we're going to explain to you what Ken looks for in a real estate market when he's looking to either build or buy a pre-existing |
| 0:23.2 | apartment building. |
| 0:24.2 | Yeah, it's a complex question. |
| 0:25.9 | I do appreciate the question, but sometimes I have to laugh when people say, is Arizona a good |
| 0:33.4 | place to invest? |
| 0:35.2 | You know, like, that's like, is the United States a good place to invest? |
| 0:39.3 | I bet people ask people that they're in other countries. Well, you're probably right. That's true. |
| 0:44.2 | Yeah. Like you're in Mexico, is the U.S. a good place to invest? So, but I feel the same way. |
| 0:51.3 | You know, as you guys know, just think about where you live. Like, I know whoever you are, |
| 0:58.0 | where you are, there's good areas or bad areas, and you know where they are. Right. Like, |
| 1:03.2 | where would you want to live? Do you want to live where you live? Or is there, you know, |
| 1:06.4 | everyone has that part of town. You're like, I would not want to live there. I used to say, like, |
| 1:18.6 | to, uh, this is back for I meant to Neil. I used to say, is it someplace you would bring a date, |
| 1:23.9 | right? That was always kind of the litmus test, right? And if the answer is no, then I wouldn't invest there. Like, I know it's, it's a goofy question, but it's a good one. |
| 1:29.0 | No, okay. |
| 1:29.6 | Now, you invest mostly in A properties. |
| 1:32.9 | I do mostly B properties. |
| 1:35.0 | Would that change, though, for someone with like a C or D, a different strategy? |
... |
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