14 September 2022 | 57 replies
I particualry like Indianapolis and Kansas City for their strong economic/demographic factors and the Quad Cities and select parts of Cleveland for their afforability.
30 March 2024 | 45 replies
Hey mate,Future predictions are solid for real estate IMO over the coming years.Lot's of pent up demand waiting for the Fed.Many folks with locked in low interest rates aren't selling, and many wannabe buyers can't get the desired loan amounts due to high interest rates.So we are in a stale mate for now.If Fed loosens grip 3rd or 4th quarter, I feel the flood gates might open and activity starts again.I don't believe the market will decline if interest rates are cut, quite on the contrary.Micro market trends are very different to macro.Online stats/demographics don't reveal what happens from a micro market standpoint.I could give countless examples of zip codes in Ohio experiencing population growth, gentrification and appreciation.The overall population might be declining but again, on a micro level some pockets are booming.Thanks and much success
28 February 2024 | 31 replies
Agreed,Should have been removed during rehab process but sometimes it can be missed.Rehabbed hundreds and many times the crews miss stuff so not completely on the seller.I always tell our investors to have common sense when doing a building inspection.Anything that can affect the long term sustainability of the property like foundation, roof, mechanics, HWH, furnace, electrical, plumbing is on us.Any cosmetic stuff that won't really affect rent or cashflow is up to negotiation.If investor is adamant on being fixed, we will fix but at a cost.There is no such thing as perfection on 50-100 year old homes.The demographic in my area also doesn't require perfection.If they do, we don't rent to such folks and advise the suburbs which come at a 3x monthly rent compared to the city.The tree should be removed by the seller and foundation addressed.Doesn't look too major to me anyway.Thanks
18 July 2024 | 40 replies
Higher purchase price is not a problem, but lower price-to-rent ratio is a very big con keeping me away to buying a house in that demographic.
18 June 2024 | 26 replies
G'Day Matt,You can only do so much with online research.IMO the online stats and demographics often times don't paint the correct picture.This especially tends to be the case for tertiary markets.Finding folks on the ground that "live and breath" the market is your key to success.Those folks on the ground are the one's that bring the "online stats and demographics" to life per se.They will know more accurately what's going on in their local market pretty much on a daily basis.I've always said that you can research online and find a market that has the best growth and cashflow potential.Find a property for a great price and on a great street and in a great area.But if your property manager or contractor are incompetent or cheats.You will loose money.So start with finding the right people first before finding the right market or deal.Just my opinion.Thanks
7 January 2024 | 57 replies
It hadn’t even occurred to me to focus on listening to episodes featuring guests from my age demographic to hear how they may have conquered similar problems!
9 July 2022 | 218 replies
Were I grew up in Cupertino in the 60s the area of 90 % white.. today its about 80% mix between Asian and Indian ( Computer tech) demographics change.
27 August 2020 | 31 replies
So I go to City-data.com to get more specific demographics on income, housing prices, employers, growth, etc.
2 October 2020 | 35 replies
The demographics are working against you, and there will be low appreciation.
22 November 2021 | 147 replies
Very similar demographics as Cleveland but the court system is more landlord friendly than Cleveland.