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Earn Your Leisure

Study Hall: THE BEST PLACES TO BUY REAL ESTATE IN 2023

Earn Your Leisure

EYL Network

Education, Entrepreneurship, News, Business News, Investing, Careers, Business

4.87.8K Ratings

🗓️ 27 January 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

In this Study Hall we talked to Don Peebles about the best places to buy real estate, States with no State Tax. and discuss up incoming markets.


#earnyourleisure #realestate #donpeebles


For the full episode: https://youtu.be/2DzVGJlEhjA



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Transcript

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0:00.0

If I were looking to make money today, I'd be looking to go into markets where there was

0:04.9

a demand, an unmet demand for apartments, for example, rental housing or single family

0:11.3

housing and buying some houses and renting them out.

0:13.6

I'd be going to places like Fort Worth, Texas, Dallas, Texas.

0:17.1

Are these now?

0:19.1

Nashville?

0:20.1

I think Jacksonville, Tampa, Tucson, Arizona.

0:26.0

I mean, places where tax-friendly, high quality of life and more businesses have moved there.

0:32.6

One of the things that's going to happen, and it is happening now, especially with remote

0:35.6

working, is the businesses are relocating out of places like Chicago, out of New York

0:41.6

City, out of DC, for example, as well, because in Alabama, because taxes are so high.

0:49.2

And so they can save a significant amount of taxes if you're in an environment with a

0:53.5

tax rate 13%, you go down to Miami, get better weather, and it's zero local income tax or

0:59.0

state income tax.

1:00.0

Let me ask you this, as far as, you know, we talk about real estate a lot on our platform,

1:04.9

how to invest in real estate, but we don't really talk about real estate development too

1:08.3

much, and there's nobody to talk about that better than you.

1:12.3

So somebody's interested in becoming a real estate developer.

1:16.1

What steps should they take?

1:17.1

Like, what advice, because you give to somebody that's interested in a development?

1:20.7

I mean, I would say become a student of the business, learn the business, learn the fundamentals.

1:26.7

What I learned about, where I got started was I started as a sales agent, so I understood

...

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