Want Real Estate Cash Flow? DON'T Buy In These 7 States Anymore | 1334

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 22 August 2024

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Are you a real estate investor feeling the squeeze in states like California, New York, or Hawaii? If you're grappling with high property prices, stringent tenant protections, and ever-increasing taxes and insurance premiums, you're not alone. In this eye-opening episode, we explore the unique challenges faced by investors in seven of the toughest markets for cash flow: California, New York, New Jersey, Hawaii, Illinois, Oregon, and Washington. Join us as we dissect the intricacies of each state's real estate landscape, from the complexities of rent control laws to the impact of skyrocketing property taxes. We’ll break down why these factors can significantly hinder your profitability and what you can do to navigate these treacherous waters. But it’s not all doom and gloom! We'll also shed light on why it might be time to pivot your investment strategy and explore other, more promising locations. Whether you’re a seasoned pro or just starting out, this episode offers crucial insights and practical advice to help you optimize your investments and discover more lucrative opportunities. Don’t miss out on this essential guide to overcoming the cash flow challenges of high-stakes real estate markets. Tune in and start planning your path to better returns today! BUT BEFORE THAT, learn how to negotiate when your offer is low but your strategy is genius! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terrio Media.
0:05.0	Hey, strap in.
0:07.0	It's time for the epic real estate investing show.
0:10.0	You'll be your guides as we navigate the housing market,
0:12.7	the landscape of creative financing strategies
0:15.3	and everything you need to swap that office chair for a beach chair.
0:18.8	If you're looking for some one-on-one help,
0:21.2	meet us at re IAS.com. Let's go, let's go, let's go.
0:27.0	Let's go.
0:28.0	If you've ever gotten stuck over the price with the real estate agent,
0:32.0	here's how we got an $80,000 price reduction without a fight.
0:36.0	Hi, is this?
0:37.0	This is Matt.
0:38.5	I'm Hilda's partner.
0:40.2	Hey Matt, how are you?
0:41.0	I'm doing well, thanks. What's the weather like in Austin?
0:44.6	I'm in Vegas right now about the same.
0:49.4	Oh nice. Yeah.
0:51.4	Totally. Hey, we got our appraisal in. This deal, it belongs to one of my clients, by the way, and she was just a few days away from having to remove her contingencies. And she asked me to double check her numbers and after
1:04.4	we ran through the math of the ARV, the after repair value, the purchase price, the rehab
1:08.7	estimate, and her hard money costs, she was about $75,000 away from this being a good deal for her.
1:15.0	So I hopped on the phone as her partner and made the call to the listing agent on her behalf.
	...

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