Do You Think Your Market Is Too Hot? | Ep. #50

03/10/20 • 15 min

... and Landlord! Rental Real Estate Investing Podcast

Do you believe your local market to be "Too Hot" to start investing in Real Estate? No deals to be had where you live? If only you lived "there" - where deals are plentiful, because prices are low and rents are high - there. But where you live... Nope! Sucks to be you... Your Real Estate investing dream will have to wait for another day - when it's not such a "seller's market". Or at least, that's what I hear...

My local market is Durham, North Carolina. I'm both a Durham Realtor and an Investor in Durham. I started Investing in Rental Properties here in 2015, and I'm still buying in this market right now, for both myself - and for client's who I represent as their Durham Real Estate Agent.

In this episode of the... and Landlord Rental Real Estate Investing Podcast, I question those who think their local market is "too hot" and that there are "no deals". Yes, competition has increased across the nation. How could it not, with house flipping shows on every 10th channel? But are you not able to out perform someone who just watched a TV show and then said "hey, let's flip a house!"

If not, then your problem may NOT be just the "Hot Market". Maybe you also need to improve your systems and process. Or maybe you need to partner with an Investor's Agent - like me! Or at least if you're investing in Durham, North Carolina... Outside of Durham, I can't help you.

But I'm convinced that deals are available almost everywhere. So don't fall for the "grass is greener" syndrome. The grass is fine where you are also - but maybe it just needs some care. Likewise, maybe you just need to apply some consistent effort in your local market or work with a local professional to get a deal done.

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Let's Talk... Business, Finances & Wealth | Ep. #49

Let's Talk... Business, Finances & Wealth. But not just in this 49th Episode of the... and Landlord Podcast. I'm now ready (and now have the location) for an in-person local meet-up. So here I announce that starting on April 6th (and the 1st Monday of each month thereafter) - we'll have a monthly meet-up to talk about (among other things)... Business, Finances, Wealth Creation, Mindset - and so much more about MONEY.

The location? It will be at Rivals Barbershop in Downtown Durham, North Carolina (727 N. Mangum Street - Suite 100). And Rivals Barbershop is my latest business endeavor... A partnership with Professional Barber (Khedron Mims) in a Sports Themed Barbershop.

NO - I'll not be cutting anyone's hair! But in line with the purpose of this monthly meet-up - I partnered with Khedron in Rivals Barbershop because its another business that will create additional passive income for me. It also gives me the chance to lend my business knowledge and expertise to aid Khedron in creating passive income for himself.

So what better place to come together on a monthly basis to discuss helping others to do the same. If you've ever desired to start a Business; have a Business that you seek to grow; want to get into Real Estate (Flipping, Wholesaling, Rentals); or you just want to make more Money; improve your Finances and grow your Financial IQ - this is the place you need to be each 1st Monday of the month at 6:30PM.

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The Rich Buy Assets, While The Poor Buy Toilet Paper | Ep. #51

When the Coronavirus hit, as with most things, I had jokes... I posted on FB the question of if this might be the Zombie Apocalypse virus or maybe the Planet of the Apes virus - and what should be my primary weapon of choice in either case. For instance, should I go with a crossbow or the shotgun to take out the resulting Zombies or talking Apes.

Jokes aside, while this is not that level of crisis, it is a challenging time none the less - and we could be on the verge of an economic recession of epic proportions. And while I certainly do not intent to make lite of being prepared with food and other items for the household - it occurs to me that while some people are rushing to the stores to buy toilet paper (among other things), others are buying the discounted assets (or preparing to do so) - that result from apparent crisis situations like this.

So hence the title and topic of this 51st episode of the... and Landlord Podcast - "The Rich Buy Assets, While the Poor Buy Toilet Paper". Fortunes are often made when there's fear, panic or even blood in the streets. And there is a quote that says "Observe the masses, and do the opposite." - well the masses appear to be focused on buying things like toilet paper. When they should be looking to buy the discounted assets that are certain to result from an economic downturn or recession.

The Stock Market is down big-time - but another way of looking at it, is that the Stock Market is having a sale. Real Estate is also likely to be on sale soon, as all-time low interest rates will increase purchasing power. We may also enter another round of short-sales and foreclosures as another economic downturn (or full on recession) causes financial stress for millions.

So I recorded this episode just to get you thinking - that while you certainly need toilet paper and other household items to get through the sort of thing we're experiencing now with this virus - you also need to be thinking about how you're going to come out the other side better off. Because the rich are buying assets while the poor (and middle class) are buying toilet paper.