How to Choose the Best Market for Your Real Estate Investment | PREI 066

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

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

4.6 • 968 Ratings

🗓️ 14 December 2016

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Successful real estate investing relies on several factors, but as the old adage goes, “location, location, location” is top of the list. But “location” is a broad term, and evaluating the right place to invest your dollars in real estate means identifying the right market in both the macro and micro senses. On today’s episode we talk about the factors that make up a good market for your investment dollars. If you missed our last episode, be sure to listen to A Wealth Capture Machine. Enjoy the show! – – – – – – – – – – – – – – Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you learn
0:05.2	how to build substantial passive income while creating wealth for the long term.
0:09.2	And now here's your host, Marco Santorelli.
0:12.3	Welcome to passive real estate investing. Now here's your host Marco Santorelli.
0:12.9	Welcome to passive real estate investing.
0:15.0	I'm your host, Marco Santorelli.
0:17.3	And on today's episode, we're going to talk a little bit
0:19.5	about choosing the best markets for your real estate investment.
0:23.4	You see my sixth rule of successful real estate investing is to take a top down approach.
0:29.4	And what that simply means is that you start by selecting the best markets that align with your
0:34.0	investment goals. It's a mistake when investors focus solely on the property and
0:39.4	pay no attention or regard to the market or the neighborhood that it's in.
0:43.6	You see, the property cannot be moved.
0:45.6	It's rooted within a neighborhood and within a market.
0:48.6	So if you have problems within an area or declining population, declining job growth, all that
0:56.2	kind of stuff, it will ultimately affect your property, your rents, your tenants,
1:01.3	the longevity.
1:02.8	So the best approach, again, is to first choose your city or your town,
1:06.8	whatever that market may be.
1:08.8	Consider the health of that housing market,
1:11.1	its local economy, such as unemployment, population growth, the job growth, and from
1:17.2	there you can narrow things down to the best neighborhoods and then finally picking properties
	...

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