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Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

What Are The Worst Markets to Invest In?

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Wholesaling Real Estate, Business, Investing, Rental Property, Real Estate, Real Estate Investing

2.5884 Ratings

🗓️ 13 November 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

What markets are you investing in? We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt -- Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/ Would you like our team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9 Looking to grow in your faith and business? Join Wealt...

Transcript

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0:00.0

What do you think are the worst markets to invest in or strategies to invest in right now?

0:05.2

Worst markets would be places where you're not going to see wage growth.

0:09.3

So they're always easier to get into, but hard to get out of.

0:12.6

It's a principle I've noticed in life.

0:14.0

Like if you chase the easy lead, like a Zillow lead,

0:17.0

all I gotta do is pay for a Zillow lead,

0:19.5

very hard to convert it.

0:21.2

Versus you go hold an open house, meet a couple that comes to your open house that really want to buy a house, much easier to convert that.

0:27.0

So hard in, easy out, easy in, hard out.

0:31.0

These markets that are really cheap where you don't see

0:33.0

growth happening, you don't see businesses moving in, but there's like tons of

0:36.0

houses that meet the 1% rule. That's the quicksand that keeps sucking people in.

0:40.0

So it's not all of the Midwest, because you've got good places in the Midwest but just like Indiana the last eight years is where everyone's been bragging.

0:47.2

I got 27 units. Yeah. I know you either bought them in Kansas City, Missouri or you bought them in Indiana.

0:52.8

Nobody gets 27 units in a healthy market over three years, right?

0:56.8

Strategies, I feel like anything, like flipping is still a really good strategy because there's so much demand for real estate right now.

1:05.0

That works, but just like laziness, like I'm just going to go buy a property and expected to cash for right away, is it going to work?

1:15.1

You need some form of value add on anything you buy.

1:18.6

Everything I'm looking at, I'm like, all right, so that's a, that house would have a lot of square footage.

1:23.0

It has a huge basement that I could develop and have a separate rental unit or two separate

1:27.3

rental units. It's near a hospital so I could do medium term rental

1:31.0

instead of traditional rental. I can buy it below market value and in

...

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