Best Places To Invest In Real Estate
Location location location in real estate where you invest is more important than just saying hey I want to be a real estate investor so I’m going to go into my backyard and I’m going to do a deal don’t do that that’s what it begins us and then beginners have to go through like beginner mistakes and beginner Trials and pitfalls and trials and errors instead today limitless TV kris krohn here I’m going to sharing with you the very best places that you can invest right now [Music] okay kris krohn Here I am at my corporate office where we transact hundreds and hundreds and hundreds and millions of dollars worth of real estate and today’s videos about where to go in the market today right where the best places to invest inventory is really down so come on in with me I’m going to show you a couple of things here this is a gun for you real estate USA this is one of my fulfillment companies that handles acquisitions finding these homes and doing this and on the wall!
I want to show you some of these some of these mobs right here you’re looking at a map of Phoenix Arizona and when you take a look at this map this was an area where I help my clients do over a thousand deals after the O seven fallout what was so attractive about this market at that time not now I’ve sold all my inventory what was so attractive about it is that this area had been over built they had put in all this infrastructure way more homes and people actually needed so people were at one point these homes were getting bid up to 250 and 300 thousand dollar homes when the market fell out home is only worth what someone’s willing to pay no one’s willing to pay the prices are technically worth nothing but the investors started scooping up the three hundred thousand dollar house and the quarter million dollar house for 80 grand that was me I was coming in here I’m bidding on all these and just picking these up like crazy like candy and I help my clients do a whole pile of these homes make make a whole lot of money so at one point this was a good market am i investing there in a moment I’ll tell you why no come over here on this side this is Vegas this is another market like Phoenix now they were a little more difficult to work with because in Phoenix we could own the town.
when it came to the auctions they just had some other guidelines and rules and legal government things you know we’re not just a federal government we’re 50 states and every state has its own rules and regulations on how the auction and foreclosure processes work Vegas I’m selling all my inventory out of that market to done really really well okay come in here let me tell you some of the places I am today Kait Memphis Tennessee there are pockets in areas in neighborhoods here in Memphis where I will specifically go and what’s attractive to me about Memphis is this is what I call a cash flow market I’ve got cash flow markets and I got equity market cash flow market means you’re not going to get as much equity but in the market like this you can buy a home for one hundred and fifty thousand dollars we’re far below the median but this is a home that’s going to give you your highest cash on cash returns we’re seeing our cash on cash at eight nine ten plus percent then there’s a lot of people that are thinking oh I have to do real estate like backyard no no America is your backyard if you have the right team and you want to go where the actions at because those market are showing you we were in we play for years and then we got out great cash flow market you can stay there longer term Charlotte this is a brand new market that we’ve just gone in there’s a number of things that are attractive and here the way building is happening we’re stepping into equity on brand-new properties that are in the build-out phase these are more in the one 160 to 200 thousand dollar range Charlotte we do our research we look at the demographic we look at the businesses we look at the economy is it growing is it expanding what’s the temperature like what kind of problems do you have you know when it gets really cold you know for example if I come over here to Orlando this is want to make favorite markets I love buying houses here check out all these lakes do you see this right here you can actually get on the map and see that people are taking these legs and turning them into really beautiful communities Kissimmee Florida right below the state parks this is a magic place like Phoenix where the average tenant was making over 60 70 thousand dollars a year these people in this very different industry are averaging sixty thousand dollars a year I’m buying my houses here for a hundred to one hundred and forty thousand dollars houses that were once selling for two hundred two hundred and thirty thousand dollars so I get under 130 they cost two hundred two bills and guess what has to happen before the market corrects and goes down we have to get back to a surplus of inventory real estate it’s so easy to predict the market I can’t believe there’s so many people that feel like it’s you never know when it’s going to fall out of course you do it starts with no inventory like right now my corporate office is in Utah and Utah right now is a booming market in every square mile you have like one home for sale there’s nothing for sale on the market and everything selling at top dollar that’s why I’m liquidating all of my inventory and and I’m doing amazingly well making really good money on it well people are wondering uh-oh the prices are starting to go up so when the prices are going up doesn’t that mean that that the market is going to fall out no it doesn’t mean that yet what has to happen first of all tell you there are no homes available on the market so what there’s going to be a two three year lag where right now construction is happening everywhere everyone is building out everyone is booming this contractors are coming in multifamily single-family homes and what will happen is with the supply and the demand is that those homes are going to get taken by all this demand of people wanting to get into homes but the builders are going to keep on building and the prices will go up and then the neighbors are going to notice that the prices are going up and they’ll get excited and they’ll do what the builders are doing!
Before you know it even the skeptics jump in last usually that’s why they get spanked again and you’ll get the problem where oh now there’s too much supply and not enough demand guess what home is only worse what someone’s willing to pay and when we don’t have a demand for it no one’s willing to pay all of a sudden that value can drop so hard on its bottom that there’s nothing left there that’s what we wait for in the markets in this next part of the video I’m going to show you how the market moves with the k-wave cycle so you can know how to time things how to play can be awesome the market is always moving right it doesn’t just move like this the values go up like that but the way it looks in reality it looks more like that right we call this a what a bubble we call this a what we call it’s a trough and this is really what the market movement looks like when you get to an expensive million dollar house this is what it looks like or maybe a home with the median meaning it doesn’t travel very much it’s still going to create pockets of up and down it’s going to be a lot safer and right now where we’re at in our specific marketplace we’re playing somewhere along this stretch we’re not ready for crash yet because we don’t have a surplus of inventory but the prices are now starting to see what cost to build a home so this is an amazing time to get in on the right kind of real estate and know that real estate is not the same around the entire US all these pockets are functioning different there is a collective whole but it’s all about being in the very best market so I want to tell you something right here this is obviously the world’s best time to invest in real estate that’s that Phoenix stuff that I was telling about Vegas and these are their merchants but when the market is going up we’re going cash flow markets we’re getting our equity or knowing when to pull out but we’re also playing at the medium so that we’ve really minimized our risk and exposure that you can have on deals like this now is the time to invest if you’re hot and have you about real estate you want to play click the link below I’m going to share with you exactly how you can do that it’s time to get hands-on how many of these amazing videos do you want to watch and you’re sitting there thinking man I wish I knew kris krohn personally not just through the screen here because I’m going to tell you when you meet me in real life the first thing you’re going to say is dude you’re so much bigger than four inches that’s right on six foot four and I put on a three-day event you can hit the link below and ask for some questions about what it’s going to be seriously get the knowledge and information and work with me in my team and let me introduce you to the ultimate nationwide power team that wherever you live can help you successfully invest in real estate other than that tomorrow we got more amazing videos coming your way subscribe we’ll see you soon vampers!