Market Spotlight on the Quad Cities | PREI 103

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

🗓️ 4 June 2018

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Where’s the hotbed for real estate investing? Answer: the Quad Cities. Chris delves into buying and renovating luxury properties for the working-class folks. The Quad Cities, where Chris started, boasts very solid fundamentals. There's very consistent, strong returns on these properties. Single family up to four unit properties and the tenant base are pretty stable. It's not a more volatile market, like you're looking at major markets, like New York or Los Angeles. There's just a really high demand for a good rental product in the Quad Cities right now, considering that a lot of smaller operators don't take good care of the properties they handle. There's not too big of a supply of the more, as Chris would call it, like a luxury product for these working-class folks - and Chris’s team provides just that. Want in on the game before it's too late? Learn how to hold your properties to a high standard so you can lease them up in two weeks! Copyright 2018 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
0:05.0	learn how to build substantial passive income while creating wealth for the long term.
0:09.0	And now here's your host Marco Santorelli's.
0:13.8	Welcome to another episode of passive real estate investing.
0:16.6	I'm your host, Marco Santorelli.
0:18.4	And on today's episode, we are doing a market
0:24.0	on the Quad Cities. The Quad Cities is a new market that we are introducing.
0:26.0	I'm pretty excited about it actually because it's been tough getting inventory
0:29.0	in many of the markets that we're in
0:31.0	and so we've had to bring on actually research and
0:33.7	find new markets to bring on in order to provide the rates of returns that we'd
0:38.8	like to get as real estate investors and so I just finished doing an interview with our provider out there. And so you're going to hear that here in a minute. It's a great interview that I had with Chris. And the thing with Quad Cities is a lot of people don't know much about it or where it's located, but it's an interesting market
0:54.8	because it crosses over two states made up of four cities and has an interesting foundation
1:00.3	and has a lot of leading edge innovation that comes out of that market.
1:04.0	It's highly productive.
1:05.0	The people there are technically minded.
1:07.0	It has an affordable workforce.
1:09.0	So it's great for businesses that want to expand or grow there. You know it's an ideal place for
1:14.4	manufacturing you know John Deere is one example of companies that are based out of
1:19.1	the Quad Cities market. It is a logistical hub there's a lot of food processing and packaging that goes on there.
1:25.4	It is one of the top five defense communities in the country.
1:28.4	There's a lot of professional technical services.
	...

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