Great show and this is such a valuable message Dave. I'm a part-time RE investor who buys on- market deals in affordable areas. I invest for future financial independence and to retire comfortably. I feel like most RE investors are more casual, part-time investors who primarily find on-market deals. We're inundated with shows and podcasts about off-market deals that are more suited to experienced and full-time investors and not to most investors. I agree with your guest, Dan, and prefer to buy appreciating properties in affordable cities versus low appreciating higher cash flow areas.
This video is a fantastic reminder that on-market deals can still be a goldmine for investors, especially those starting out. Dan's insights into finding hidden opportunities and his pragmatic approach to balancing appreciation potential with realistic cash flow expectations really resonate.The point about overcoming fear and just taking that first step is so important-investing doesn’t have to be perfect from day one; it’s about learning and growing with each deal. Thank you, Dave and Dan, for simplifying the process and encouraging investors to think outside the box.
I am selling a renovated duplex in Virgina at the 1% rule. I am not sure if this is an appropriate place to mention this but I am a follower and trying to get the word out to others about this property and more I have coming in the next few weeks.
Hi, it's Dan, I was the guest on this Podcast. While I no longer think this is hard in my market in Chicago, it is because I have been investing in this market for 20 years. You definitely do not need 20 years of experience, but you do need a comprehension of what major events are happening. If you only care about cash flow and you do not care that your property might be worth the same or less in 10 years, this is not important. However, if you hope to get appreciation and see your property and rent go up significantly over time, things to consider are where is the new development happening? Where is rent rising substantially? Are their new attractions in areas where they did not exist before? Where is the housing stock decreasing? For example, in Chicago, developers have torn down a massive amount of property on the Lake side of town which has increased the price and rent. The renters that would have live there are moving West of the city which increases the rent in this new area and also increases property values. New development generally signals gentrification and a big circle around that development will be affected by these changes. I hope that helped.
Is it just me, or is there a lot of homes for sale right now? I have been watching the housing market for the last year. I am shocked to see the flood of homes right now....Yikes
Great show and this is such a valuable message Dave. I'm a part-time RE investor who buys on- market deals in affordable areas. I invest for future financial independence and to retire comfortably. I feel like most RE investors are more casual, part-time investors who primarily find on-market deals. We're inundated with shows and podcasts about off-market deals that are more suited to experienced and full-time investors and not to most investors. I agree with your guest, Dan, and prefer to buy appreciating properties in affordable cities versus low appreciating higher cash flow areas.
This video is a fantastic reminder that on-market deals can still be a goldmine for investors, especially those starting out. Dan's insights into finding hidden opportunities and his pragmatic approach to balancing appreciation potential with realistic cash flow expectations really resonate.The point about overcoming fear and just taking that first step is so important-investing doesn’t have to be perfect from day one; it’s about learning and growing with each deal. Thank you, Dave and Dan, for simplifying the process and encouraging investors to think outside the box.
I enjoyed the show and the guest
Great insights on finding hidden gems in the market!
The key to on market deals is already having a lot of money to work with, or a high income W2 in order to keep getting loans from the bank. :-D
I am selling a renovated duplex in Virgina at the 1% rule. I am not sure if this is an appropriate place to mention this but I am a follower and trying to get the word out to others about this property and more I have coming in the next few weeks.
Dan !! ❤
What is the best source to check market data daily? How do you know an appreciation market vs a non appreciation market?
Cap rate often will tell you.
Hi, it's Dan, I was the guest on this Podcast. While I no longer think this is hard in my market in Chicago, it is because I have been investing in this market for 20 years. You definitely do not need 20 years of experience, but you do need a comprehension of what major events are happening. If you only care about cash flow and you do not care that your property might be worth the same or less in 10 years, this is not important. However, if you hope to get appreciation and see your property and rent go up significantly over time, things to consider are where is the new development happening? Where is rent rising substantially? Are their new attractions in areas where they did not exist before? Where is the housing stock decreasing? For example, in Chicago, developers have torn down a massive amount of property on the Lake side of town which has increased the price and rent. The renters that would have live there are moving West of the city which increases the rent in this new area and also increases property values. New development generally signals gentrification and a big circle around that development will be affected by these changes. I hope that helped.
Depends on the market.
Is it just me, or is there a lot of homes for sale right now? I have been watching the housing market for the last year. I am shocked to see the flood of homes right now....Yikes