Podcasts about city data

Cycling was up 5% last year compared to 2022 numbers, according to the latest bike count from the Portland Bureau of Transportation. The 2022 report showed that from 2019 to 2022, ridership fell almost 35%. Jonathan Maus is the editor and publisher of Bike Portland. He joins us to share more on what these numbers say about the current bike trends in Portland.

Man wants to get rich. Man builds time machine. Man gets arrested. Man turns to Art Bell for help. Who doesn't know someone with that story?? No one?? Well now you do as this week we are focusing on Mad Man Mike Marcum and his Jacob's Ladder. We ask the hard question this week like did he really make a time machine? If so, did he transport himself back to the 1930's and die on a beach? Why does he look like the love child of from a throuple made up of the dudes from Pete and Pete and the kid from Problem Child? Plus Conspiracy Bot educates us on the finer points of drinking under bridges, KYLE mourns Art Bell, and David Flora questions why he ever agreed to join this show. All that and more on the podcast that has never time traveled, unless you count black outs from Bot Booze - Hysteria 51 Special thanks to this week's sources: VideosThe Rabbit Hole Facebook - https://www.facebook.com/reel/513130973997747/?s=single_unitWeird Renown Episode #71 - https://www.youtube.com/watch?v=RKHgyRz9PUAUnexplained Mysteries - https://www.youtube.com/watch?v=R8xTPdIfce0&t=1sWebsitesWonders (Jacob's Ladder) - https://wonders.physics.wisc.edu/jacobs-ladder/Coast to Cast AM - https://www.coasttocoastam.com/guest/marcum-mad-man-6293/The New York Times Magazine - https://www.nytimes.com/1996/12/08/magazine/epoch-journey.htmlAnomAlien - https://anomalien.com/inventing-the-time-machine-mysterious-disappearance-of-mike-marcum/City-Data - https://www.city-data.com/forum/unexplained-mysteries-paranormal/3237862-curious-case-mike-madman-marcum-his.htmlMysterious Universe - https://mysteriousuniverse.org/2018/03/bizarre-cases-of-inter-dimensional-doorway-devices-and-time-machines/Retro 102.5 - https://retro1025.com/a-man-from-northern-missouri-created-a-time-machine-and-then-disappeared/r/timetravel - https://www.reddit.com/r/timetravel/comments/urztqw/open_discussion_mike_mad_man_marcum_case/Time travel claims and urban legends - https://en.wikipedia.org/wiki/Time_travel_claims_and_urban_legendsEmail us your favorite WEIRD news stories:weird@hysteria51.comSupport the ShowGet exclusive content & perks as well as an ad and sponsor free experience at https://www.patreon.com/Hysteria51 from just $1See omnystudio.com/listener for privacy information.

Downtowns have always been a place to be seen, experience culture, or work a nine-to-five. However, the pandemic lockdown introduced a fundamental disruption and shift in the reality of how we use our cities. How can front-edge data and foot-traffic patterns influence or predict the future of downtowns and the emerging future of our built environment?See omnystudio.com/listener for privacy information.

On this episode, Heather Ritchie, the chief marketing officer at Ubicquia, uses specific smart city projects around the world as examples of the benefits, and the considerations, such initiatives can bring. She also discusses how recent developments, like COVID-19 and 5G, have finally gotten many smart city efforts out of "project purgatory."

Learn more about Estated and JoshWe offer quick and easy access to data on 150 million residential and commercial properties nationwide across the US. We've built a database which allows users to search properties across over 3,200 counties in real time. Hundreds of customers have integrated our property data into their businesses to gain deeper insights into their clients.  Estated graduated from Techstars Boulder in 2017, which led to capital partnerships with Foundry Group and Techstars Ventures. Follow Josh on Twitter Follow Estated on Twitter Follow Estated on LinkedIn Check out Estated

Why property managers are key when investing interstateIs location the most important aspect of a deal?Where to find information about important economic metricsThe risks of buying properties in poor conditionsHow to identify good opportunities in the current market Life and Money Impact RoundWhat is the one thing to do now to live a meaningful and intentional life by design?What is one life or money hack that you can share to make an impact on others' lives?What is one thing to do right now to make the world a better place? RESOURCES/LINKS/BOOKS MENTIONED www.City-Data.comRetire rich with rentals by Kathy Fettke ABOUT KATHY FETTKEKathy Fettke helps people build and secure wealth through cash-flowing real estate. She is a real estate developer, fund manager, and educator. Kathy believes we become more successful by learning from those who have done what we hope to achieve. As host of "The Real Wealth Show," a featured podcast on iTunes she interviews successful real estate investors to share their secrets. She also hosts the Real Estate News podcast, and is the author of the bestseller, "Retire Rich with Rentals.” Real Wealth Network offers free resources and cutting-edge education for beginning and experienced real estate investors. The organization also searches the country for high job growth markets. In those metros, they find highly rated property providers who offer "turn-key rental properties" to investors. Real Wealth Network offers free education on tax savings, asset protection, self-directed IRAs, 1031 exchanges, note investing, multifamily and commercial property, land development, syndications, crowdfunding, and more. CONNECT WITH KATHYWebsite: www.realwealth.comPodcast: The Real Wealth Show; Real Estate News For InvestorsLinkedIn: Kathy FettkeFacebook: Kathy FettkeInstagram: @kathyfettke CONNECT WITH USTo connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join Life and Money Show Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H)--Thanks for listening, and until next time, keep investing for good!

Cleaner data may mean cleaner air.This episode of Preview of Tomorrow spotlights Antonio Jara, CEO of HOPU, a company engaging citizens and decision makers to guarantee the data at their disposal is easily understood and intuitive. Using a contextual intelligence platform and loT devices, HOPU is able to provide environmental monitoring solutions that track air quality. The company works with both cities and corporations to analyze their contribution in reducing environmental pollutions through data.   Support the show

Today's guest is Bronson Hill, the Founder, and CEO of Bronson Equity. He has raised over $15 million for real estate investment and is a general partner in over $60 million worth of real estate around the US. He is the host of a large multifamily meetup in Pasadena, California, FIBI Pasadena Multifamily, the author of the report, The Single Best Investment Strategy During (and After) a Pandemic, and a regular contributor to YouTube, BiggerPockets, and other platforms. In this episode, Bronson shares his journey and expertise, explaining why busy professionals would choose multifamily, what drew him to syndication, and how to establish trust with investors, as well as his advice for finding deals, building relationships, and adding value. Make sure to tune in today!Key Points From This Episode:Learn more about Bronson, his background, and his multifamily real estate journey.The value of finding a reputable team to help you grow your passive income.Why busy professionals should passively invest in multifamily over other asset classes: time, scalability, and tax benefits.Advice for investing in the stock market: view buying shares as buying a piece of a company.Why Bronson is drawn to multifamily syndication: how it allows for greater scalability.He emphasizes the importance of establishing trust with investors, conservative underwriting, and asking sponsors what went wrong.The myth of passive investing in that you actively need to know everything about the deal.Creative methods Bronson has used to maintain investor's trust, like constantly adding value.Some of the best ways to find these syndication deals, including meetups and podcasts.Hear about the origins of Bronson Equity and the process of growing the company.The tools that Bronson can't do without, including Google Sheets and City-Data.com.What he learned from his biggest mistake: the value of a performance contract.To grow his life to the next level, Bronson needs to continue networking and finding deals.Tweetables:“There are some amazing benefits [to passive multifamily investing] that help people to maximize their use of time, as well as growing their income without taking up more of their time, as well as the tax benefits.” — Bronson Hill [0:07:24]“The most important thing when it comes to your investments and how they perform [is] who you invest with.” — Bronson Hill [0:11:40]“It is really getting out, learning, meeting new people that can get you to that next level, whether you're passive or you're active. That relationship can really be powerful.” — Bronson Hill [0:18:43]Links Mentioned in Today's Episode:Bronson Hill EmailBronson Equity‘The Single Best Investment Strategy During (and After) a Pandemic'Google Sheetsinfo@limitless-estates.comLimitless EstatesCity-Data.comGarzella Group 

Ryan Green is co-founder and CEO of Gridwise, an app that's been described as the leading assistant for rideshare and delivery drivers.  Ryan discusses how driving for Uber and Lyft led him to create a solution that maximizes  drivers' road time and  profits, how Gridwise is consolidating its rich city data for other mobility stakeholders by offering a comprehensive view of how people and goods are moving across gig-mobility services, and whether much-maligned ride-hailing services could actually make transport systems more efficient. Plus news and conversation with Tom Stone and Saul Wordsworth.Interview with Ryan Green begins at 6:30

Sabian que el baño de agua caliente y Fria tienen sus beneficios a la salud? En este episodio compartiré sus beneficios por separados. Ademas, hablaré sobre City Data y la información que puedes encontrar en su portal https://www.city-data.com/. --- Send in a voice message: https://anchor.fm/juan-cardenes/message Support this podcast: https://anchor.fm/juan-cardenes/support

‘There is evidence of a significant market for geolocation data from cell phones. Standing right at the front of the line is the federal government.’

Check out this interview I did with Brittany City, as she talks about how she navigates through the tech industry with a growing skill for ages to come, data analysis. Through educating clients with her own curriculum, she's definitely changing the game and creating black wealth. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/blackwealthmedia/support

New from the Ash Center for Democratic Governance and Innovation, the Data-Smart City Pod brings on top innovators and leading industry, academic, and government officials to discuss data, innovation, and government. This podcast serves as a central resource for cities and individuals interested in the intersection of government and innovations, the adoption of data projects on the local government level, and how to become data smart. Hosted by Stephen Goldsmith, former Deputy Mayor of New York,  Mayor of Indianapolis, and current Professor at Harvard Kennedy School.Subscribe to the Ash Center wherever you get your podcasts for future Data-Smart City Pod episodes. Music credit: Summer-Man by KetsaAbout Data-Smart City SolutionsData-Smart City Solutions, housed at the Ash Center at Harvard Kennedy School, is working to catalyze adoption of data projects on the local government level by serving as a central resource for cities interested in this emerging field. We highlight best practices, top innovators, and promising case studies while also connecting leading industry, academic, and government officials. Our research focus is the intersection of government and data, ranging from open data and predictive analytics to civic engagement technology. We seek to promote the combination of integrated, cross-agency data with community data to better discover and preemptively address civic problems. To learn more visit us online and follow us on Twitter. About the Ash Center The Ash Center is a research center and think tank at Harvard Kennedy School focused on democracy, government innovation, and Asia public policy. AshCast, the Center's podcast series, is a collection of conversations, including events and experts Q&As, from around the Center on pressing issues, forward-looking solutions, and more. Visit the Ash Center online, follow us on Twitter, and like us on Facebook. For updates on the latest research, events, and activities, please signup for our newsletter.

The latest headlines & happenings in Edmonton's tech community. This week: Pegasus Imagery and Nanoprecise Sci Corp have been named semifinalists in NASA iTech's 2020 Cycle II competition; the Government of Alberta has affirmed funding for Amii; the City of Edmonton has been recognized by the World Council on City Data; PCL Construction has partnered with Giatec Scientific; Showbie has partnered with Explain Everything; and nominations are open for the 2020 Start Alberta Tech Awards.

Brittany City graduated with Part-time Data Science Cohort 3. I am a Nashville native and versatile analyst that is enthusiastic about working with large amounts of data to deliver insights for action-oriented solutions to complex biological, social, political, and economic challenges.

Joining us today is Brie Schmidt, a Chicago based real estate investor. She began her career in corporate sales while always holding her real estate license current. In 2011, she decided to leave the corporate world to become a full-time real estate investor. Since then, she has bought several properties in the Windy City and Milwaukee. In 2014, she started a brokerage company and in 2017 she started a conference business. Brie makes use of her extensive knowledge of constructing and managing a portfolio to teach clients about all aspects of buying and holding investments. In this episode, she talks about her career as an investor, how she started and how she got to where she is today. Brie discusses how and why she decided to focus on the Chicago & Milwaukee markets, criteria she looks for when deciding on a property and her plans for the future.  Episode Highlights: Brie’s Start as a Real Estate Investor Cap Rate Criteria for Properties Work-Life Balance Her Future Plans Connect with Brie: Website: Second City Real Estate  Social Media: BiggerPockets or LinkedIn Join Brie @ the Midwest Real Estate Networking Summit - - - - - - - - - - - - - - - - - - - - - - - - - - - - -  - TRANSCRIPTION    Intro: Hey guys, today Don with interview Brie Schmidt. Brie is the first female investor on our show, so we are very excited to have her here. We really hope this episode will inspire other female investors to jump right in the arena of real estate investing. After listening to the interview, I have learned from Brie that this type of profession actually enables a future mom to enjoy both worlds have a very successful career and the ability to take as much time needed for recovery and raising your newly born child. Don and Brie will also discuss the best strategy of choosing a market which is going there and seeing it firsthand. I hope you guys will enjoy this show.   Lady: Welcome to the commercial real estate investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to off-market strategies.   Don: Hey Brie, welcome to the show.   Brie: Thank you for having me.   Don: Yes, of course. I'm very excited to have you as you know, you are the first female investor on the show. I've been trying to get a female investor for quite a while. And I know we've wanted to do this interview for a long time.   Brie: Yeah, I just had a baby. So, scheduling has been a little bit difficult for me.   Don: I could only imagine how difficult it would be to be a real estate investor and also being pregnant and taking care of babies. That must be requiring a lot of toll from you, right?   Brie: You learn to prioritize your time, right, and what's important and it's been something that I've been considering a personal mission of mine for a few years. When I started this business, I quit my corporate job back in 2014. So, I started real estate investing in 2011. I bought another property in 2012. I bought another property in 2013. And then I decided to quit my job and do this full time. 2014, I bought another 10 properties, and then in 2015, I bought another 12 and then bought a couple more in 2016. So, at the time when I quit my job, I used to work in corporate advertising sales. I'm like this is going to be great like I'm going from 50 hours a week and traveling all over the country. Now I'm going to be chill and I work from home and I'm self-employed. And for the first few years, I was working more hours than I was when I had a W2 job.    It wasn't until about 2017 that I was really like, wow, like I have started a couple of other businesses, I'm the Managing Broker of Second City real estate, which is an investment, boutique investment firm for agents. I also started a website business and it was like, well, what was the point of me leaving my solid W2 jobs to get 'financial freedom' if I'm working from the moment I get up to the moment I go to bed and weekends. So, when I knew that we were going to start planning for a family I made it a really big objective of mine to kind of reevaluate my position in the business and reevaluate what I was doing and spending my time on and work to shift it. So, I'm very happy to report that even before we got pregnant, I was down to about 30 hours a week, and I'm able to take a nine-month maternity leave, where I'm pretty much only working 10 to 15 hours a week currently.   Don: Nice, yeah. So, you get a lot of flexibility. And that's the advantage of being self-employed. And especially in the type of business that we are in, which during the years generates passive income for us. So, it enables us to really take a break when we need to take a break with anything that we go through in life. So yeah, I'm sure that that's been terrific for you and your family. And speaking of which, I want to ask you about the dynamics. So, you're doing your own thing as a real estate investor and your husband, what does he do? Does he spend more time with the kids or does he have a W2? Or how does it look like?   Brie: Luckily, we're both off work still. So, we did not get an easy child. She turned four months yesterday. I'm back to work maybe 10-15 hours a week, and I don't plan on going back for another probably four or five months. He's self-employed as well. So, he's taking off work as well. And I don't see him going back in the near future. When people tell you that raising a child is hard like I don't think I fully grasp that concept. But I mean, it takes both of us all day long, tag-teaming things to have your own sanity. Because we both need our own personal time. So that's how we work at currently. But we'll see when she gets older, hopefully, fingers out of this fussy phase.   Don: Yeah. Beautiful. So that's very exciting to hear that you guys are doing it right. So, tell us about your first deal. You said 2011. So how did you basically come up with the idea of quitting your job and start investing in real estate? And also, what were the difficulties back in a day for you when you were just trying to get into that market?   Brie: Well, in the beginning, I really had no intention of being a real estate investor. So, I've been licensed as a real estate agent for 15 years. I spent the first six months in the business absolutely hated it, quit and went into the corporate world. So, I always maintained my license, though, as a backup. That was kind of my plan. I always had a passion for real estate, but I started when I was 21, was really difficult to get people to trust your opinion and rely on you for advice when you're a 21 year old. Like, why would they listen to you when buying a house. So, it wasn't until let's see, I was 28 when I bought my first property.    We bought a three-flat in Chicago. And really the intentions weren't to be real estate investors, it was mainly purely out of convenience that the Chicago market is quite unique to understand that. So, Chicago is what we, I would consider to be a dense urban environment. There's almost 300,000 2-4 unit properties and just the city of Chicago. So, in a lot of the Northside neighborhoods where I was living, and where I've worked, some of them are between 30% and 60% of the housing stock is two to four units. So, it's very common, if you look at any block of neighborhoods, over half the house is pretty much our two to four-unit properties. But at the time, we had a really low housing stock of single-family houses. So, while my husband and I wanted to buy a single-family house because the housing stock was so low, they only represent about at the time, 15% to 20% of the housing stock.    The prices were very high, and it was very, very competitive. So, we thought to ourselves, yes, we would want a single-family house. They're about 3000 square feet here, but we're not even married yet, we don't have planning kids for a few years, we don't need a 3000 square foot house. So, let's buy this three-unit and then eventually, when we need more space, we can just deconvert the staircase and then make two units and the one and then keep renting out the other unit. And then eventually when we need more space, we can just deconvert the staircase again and now we've got a single-family house that we've grown into as time needed. So that was the original plan. There was really no plan to keep buying any more units either.    So, we did, because we were owner-occupied, we did our three and a half percent down FHA property. I had no idea what I was doing. Like I just looked at it as okay, my mortgage is 2200 and it rents for 2250. like boom, I'm profitable, right? Like, that was all I really how looked at it. I didn't know anything about vacancy repairs, cap-like nothing. We bought it vacant, we got it rented out right away and things were fine and dandy. And this was like great, we live for free now we can start saving for we were planning our wedding so, we were saving for this grand wedding. A few months after we bought the property, my father got sick. He was 60 years old, he was diagnosed with non-small cell lung cancer, which is a very aggressive form of cancer and went through 10 rounds of radiation, 13 rounds of chemo and in nine months and passed away.    Don: I'm sorry to hear that.   Brie: It was lightning quick, right? And that was with treatment. But the real kicker was he died one day before he was both to retire. So, he died before his 61st birthday. That one part really stuck with me. Like, I've watched my dad worked his ass off to provide for his family and he had been offered early retirement before and he always like, oh, well, after your brother graduates college or after you get married or after this, then I'll then I'm going to go do all these things, I'm going to go here and I'm going to go do that. And for him to get so sick so quickly, and I'll happen so fast. So, it really messed with me. It took me a while, maybe like six months of really thinking about it. But I sat down with my husband at the time it was like okay, we need to figure it out something out because I'm not doing 30 more years of the corporate, 50 hours/week stuff to just die and not be able to do anything with my life. So, we looked at a couple of different options.    We looked at real estate investing, obviously, because we've owned the property for about a year at that point, it was pretty easy. Like this could be something that we can do. We looked at learning to code so we could code from across the world and decided that real estate was the avenue we're going to take. So about three months later, I bought a second property. And then two months later, I bought a third. And then I really started getting into like reading books and listening to podcasts. I got involved with the bigger pockets community, and that's when I started researching other markets, and we ended up in the Milwaukee market.   Don: Yeah, so how many units do you own currently and how much time did it take to get to that portfolio?   Brie: So, we've got 97 units, 31 properties. The Chicago market is more of an expensive market. The average unit is about to let's say $150,000. So, while I love Chicago and think it's a great investment opportunity, you can't scale very quickly when it's $150,000 a unit like I'm not made of that kind of money versus the Milwaukee market when I was buying there was more like $30,000 a unit. So, to get there when I decided that we wanted to look at other markets, I looked at Indianapolis, Kansas City, and Milwaukee, only because those three markets are within driving distance. So, I'm a total control freak. If something went down, I wanted to be able to be there within a day.    So that's why I kind of chose those markets. And I, researched agents, I didn't know anything about any of these markets. And I found three 'investor agents' at each market and called them up and said, "Hey, I'm looking to invest half a million dollars. I'm coming into town, and I would go out with one agent Friday, one agent Saturday, one agent Sunday." And said, "I want to spend the day looking at properties. I'm not going to give you any criteria. I just want to see like if you were to spend $500,000, where would you spend it and why." So, it was a very interesting experience. I did that in every market to see where they were taking me, what neighborhoods what property conditions, and I sell them the Milwaukee market, really because of that market housing stock wise very similar to Chicago. It's a very dense urban environment. So, I understood that aspect of things versus Kansas City and Indianapolis for more like suburban, sprawling, single-family markets.    Once I got focused on Milwaukee, that was probably I started going up there every other weekend to get to learn the neighborhoods, because a lot of the areas where they took me, because that's where the investors go, I didn't like. They were what I would consider the D class. I wasn't comfortable walking into the apartments, I wouldn't have been comfortable going there by myself at night. So, I didn't want to choose that market. So I started exploring other neighborhoods myself. I probably looked until I found a neighborhood that I really liked. It was on the outskirts of some really cool hip areas, those only have maybe half a mile from like the cool scene. That numbers worked well, while they weren't as high as the 'investor areas,' they were still good returns, and I just felt comfortable. I saw a lot of promising things going on in the neighborhoods, a lot of gentrification, a lot of development that was going on, I felt comfortable walking around at night. So, once we focused on that area, that was probably May, we bought our first set of properties in July, we bought five properties. Then I bought another five properties in December of 2014. Then I bought another five properties in February of 2015. And I bought another three properties in May of 2015.    Don: So, when you're buying these properties, you're buying them with mortgages, or you're using other people's money?   Brie: Mortgages. So, we were doing just a standard commercial loan, but because the price points were so low at $30,000 a unit, if I'm going to a commercial bank or buying a duplex like what's he going to do with 60 grand, that's not worth their time. So, when I had met my commercial lender, one of the things he had told me was, if you could bundle them together, and then buy every couple of months, that makes it a lot easier for us from an underwriting perspective. You're planning on doing a property a month and they're all two-three units. We're really not going to be very excited about doing that.    So that's why I worked to bulk them up, I would find one or two anchor properties, and set the closing 60 days out. Once I got my one or two anchor properties, then I was able to look around for like, secondary properties. So, if only I bought the one or two, I was cool with that, because I really liked those ones and that's what I did. So, then it gave me another 30 days to find more properties to buy. I did direct mail campaigns, a lot of the properties I actually bought from the same sellers. So, every time I bought a property, I would send a letter to the seller, saying, "Hey, I'm glad we closed this. This is what I'm looking to do. Do you know of anyone or do you have other properties that you're willing to sell?" So, of the 18 properties I bought myself, I think four where maybe on the MLS, the rest I all got through networking, direct mail or buying from one guy bought like five properties from them.   Don: That's nice. So yeah, I mean, what I like is the fact that you actually did so much work in pursuit of a new market and that's something that not a lot of people do because a lot of people ask me, "How do I find the right market? How do I know where to invest?" And nobody's going to tell you that because markets change constantly. And you can hear that Orlando is a great market, but you hear it in a podcast, and that's two years old. So maybe now things have changed. So, the best way to pick a market is doing the legwork, which is exactly what you did. You just went there and you grind it. You just met people and you saw properties and you saw yourself and that's the best way to do things. And I think that's what led you to that success, isn't it?   Brie: Yeah, I agree. 100% People always ask me, "Where do you invest, because I want to invest there." And my response is always, "Are you going to buy the same car that I have? That's just stupid? Are you just going to follow what I'm doing?" Because that's what you think about how you get this...   Don: A lot of people don't understand that when you're a real estate investor, then you are the investor. So, it's basically your decision to make the decision.    Brie: Everyone's got different goals. One deal might, I might think it's awful, you might think it's great for completely different reasons. Neither of us is right or wrong. So really, it comes down to I always tell people, you got to sleep at night. That's how I judge pretty much everything I've done in my life is, if it keeps me up at night worried about it, then I know it's not the right decision. So, I would have been fine investing in Kansas City or Indianapolis as well. But for some reason, Milwaukee clicked with me and that wasn't based on anyone else's information. And I know a lot of investors to look at the stats, right? You look at population growth, you look at economic growth.    Chicago, which is an obviously major city, Milwaukee is a secondary city, but it's still 170,000 residents. If you look at a stat like oh, population growth is x, that's not true for the whole market. And so you can't just take these stats about income job and employment, whatever economic growth, and then assume that the whole city is like that, because I can tell you at least with both Chicago and Milwaukee, there are some areas that have 20% declining population and there are some areas that have 40% year over year increasing population. Some areas where the average income is $20,000 a year, some areas of the average income is $500,000 a year. So, it's so much more involved than just looking at a stat and each city and saying, "Oh, well, that applies the whole city, I can invest there.'' It doesn't work like that.   Don: Sometimes he does. Like, I'll give you an example. I was looking at this county, this property in Florida. And then it was very interesting. So, the population of the county was increasing, which is Florida. I mean, everything's increasing a property that I was looking at, in this specific city, that city was declining in population, and that's very unusual for Florida like you wouldn't see it. So, I started to research the county. And then I noticed that all the cities are declining in population besides this one city. And what I noticed was that the villages so that city, this entire area, back in the 2000 census, there were 8000 people there. And 2010 there were 54,000 people there and that's an enormous growth, right, and then 2018 there's 80,000 people in this city. So, what I figured out was that small cities in the county everybody was leaving for that big city that just emerged, right? So, every case is different, you can't really look at stats and think that, well, if the population is not growing, then I'm not investing. That's too easy, right? I mean, you can just go to Best Basis or City Data, and you can find that data over there and you would know what's going on with the city. But every market has submarkets...   Brie: And giving your scenario, if you were just to take that information and say, "Okay, I'm investing this county, right, because it's got an increasing population," but you invested outside of the villages, which has a rapidly declining population.   Don: Then I will be investing in a declining market. Yeah. Exactly.   Brie: Yeah. Well, you're not paying attention and actually getting down to the nitty-gritty of it and looking at the 'why', then you just made a bad investment.    Don: Exactly. And the best way to get to the nitty-gritty is just going there physically, which is what you did and I admire that because you spent three, four months in research, and people don't understand that, that when you're investing in real estate is when preparation meets opportunity. That's not me, that's Tony Robbins right there. And that's really true. Because you have to do your research, you have to do your homework and then investing becomes really easy because the opportunity just pops up. And I believe that's what happened to you with the Milwaukee market. Another thing that I wanted to ask you about these deals, so, you said you had an aggressive growth strategy which I always like to hear about that. So, what I want to know, is basically, when you started investing in these properties, what were the cap rates that you were looking for? Were you just buying off at market value, or you were trying to get a discount?   Brie: So, I was buying off of cap rate, but I wanted a minimum of 11% cap rate. I would rather pay retail and get a property that has stabilized with long term tenant versus doing what people call the BRR strategy, the buy-rent-rehab-resell or rent out strategy. I don't like doing rehabs. And I'll tell you this is a story. So, there was a duplex I was looking at. It was super cheap. It was like $35,000 and the rents were $1300. So, if you think about it, my God, I started $1,000 duplex that runs for $1300 and it was fully rented at the time and I passed on it. And it sounds crazy, those numbers are astronomical, but the basement foundation had been caving in.    So, it needed about $20,000 of basement foundation work. So even at $55,000 at $1300 dollars rent, but the way I look at it is that it is $20,000 of capital that if I deployed as a downpayment only, I could buy $100,000 of house. I could buy two duplexes essentially for the same price I deploy that capital differently. So, instead of putting 20% down on the 35 and then putting 20k into it, I said turned around and bought two duplexes for $50,000 each that were already rent ready. And instead of getting $1300 a month in rent, I got $2500 a month in rent. So, I use my capital, to me like the repairs on like doing major repairs on properties, A) it's time-consuming, B) it completely stresses me out, that keeps me up at night worried, like is this going to come in on budget, whatever. I've done a few times, every single time it stresses me out and I just almost doubled my investment by doing it the easy way. That's how I see it. So, I don't care if market value was $50,000 those duplexes or not, I still at the end of the day got a better return.   Don: Yeah, but I also think you were a little bit lucky when it came to the timing. You are investing in 2014 you said right? You started like buying these duplexes and you started really investing seriously, I would say in 2013, right? That's what you said.   Brie: Yeah, my Chicago properties, I bought 2011 - 2013 and then Milwaukee was like 2014 to early 2016.   Don: Yeah. So, if you look at Milwaukee and your investments there, I think it's safe to say that you invested at the best timing for multi-family because there were just picking up.   Brie: Absolutely.    Don: And that's why for you, you didn't even have to buy it at a discount because you had a natural appreciation. Of course, we never buy for appreciation, but it just happens to be the case in these specific investments. And so sometimes, it's just best to buy. People always ask when to buy, is this a good time? It's always a good time to buy. You should just buy because it's going to be fine. Whatever it is you're going to do, you're going to have a natural appreciation, you're going to have cash flow, and you're going to make money in equity. So, I think you realize that and you had the nerves and the guts to do it, to just go ahead and pull the trigger. And that's the difference between people that make it in real estate and people that don't, because, at the end of the day, there's just so much you can learn on theory. You got to learn by taking action and that's what you did. And I love that I think the way that you do things with just going there yourself and seeing it yourself and talking to people yourself and pulling the trigger is really the best way that you can get ahead in life. So yeah, I absolutely love that.   Brie: Well, I touch on a few points there. So first, I mean yeah, obviously taking action, right. So, the good part of it is, on my story at least, I spent about six months before I bought my first property. We started looking at Milwaukee in January and closing my first property right around the Fourth of July. So, I spent a lot of time up there. I probably saw 100 properties while I was up there and then continue to go up there from we did July was our first buy round, our second buy round, we closed early December. So as soon as we closed, I started going up there, again, looking at more properties. So, by about October, it was at the point where I could walk into a property and in five minutes tell you what I paid for it. But it was getting like that intuition was really important, right? So, you don't want to just go, like, "Hey, I'm going to buy 20 properties this year" and just go do that. You definitely want to get to a point where you're trusting your intuition, you're able to, estimate runs off the top of your head, you're able to go into a property and say, "Hey, if I, do new cabinets and new countertops and change out the flooring, it's going to cost me x and it's going to increase my rents to x." You won't be able to do all that off the top of your head so that you're sure that you're making an investment decision now.    On the flip side of that, my first year in Milwaukee, I probably lost $20,000 in just mistakes because I went so fast. So, I was really cocky, which I'm just a cocky, arrogant person. Like the first properties that we bought five properties on one of the properties that we bought, they were actually all owned by a family. So, the one guy owned one property, and then his mother in law owns the other four. And he'd been helping manage the whole portfolio they had like 20 properties total as a family. So, I brought him on as a property manager, because he was familiar with the properties had been for years knew all the tenants. So that was a really easy transition. So, I just went right ahead and started buying more. And then I went ahead and started buying more.    Well, what I didn't do and what I should have done was I wasn't really paying attention to his performance, right. And he was great at certain things. He was phenomenal with tenants, knew all their names, their kids, soccer games, whatever. But it got to the point like he had no experience with any sort of accounting, the business side of things. So, it wasn't until about a year later, after I'd already bought all my properties that I heard a horror story from another investor friend of mine with their property manager, and I decided to go in and do an audit because I was going up there once a month. He’d go deposit like 10 grand in my checking account, I'm like, well, who's this for? He's like, I've got the receipts in my pocket.    So, I'd go up there like once a month, and he'd hand me handfuls of crumpled up receipts of who paid rent. I'd go to my hotel room with a wine bottle and sit through them all and be like, Okay, well, so and so wasn't paying rent for two months, and he's like, Oh, really? No, there was no one tracking this stuff. Secondly, we had like 20 people that weren't even unleashed it. No, he was like, Well, like I know them from school or they know them from my church, they're fine. I'm like we have to have leases, something has to be in writing. So, I end up having to fire him after a little over a year because of these things. Because again, he was really great at half the business but not great the other half and I needed someone that was great at all of it. So got through the stakes, vacancies again, tenants that didn't pay for like two months and no one was paying attention. So, we probably lost 20 grand our first year and just those sorts of mistakes because I went so fast.   Don: Yeah, but you've learned that a bad manager is probably one of the things that would drown your property. Basically, I mean, I would say a bad manager and utilities would be the things to really affect your NOI at the end of the day. But these are things that you learn by taking action and sometimes it's okay to lose some money to learn these lessons. What would be your plans for the future now that you're already a serious investor and you have a very decent sized portfolio? So, what would be the plans for the future now?   Brie: By the way, if I would say, I have not bought a property since 2016. Just because again, I was really working 60 hours a week, I knew that we were going to be starting a family. I also mentioned I started a couple of other businesses. So, I started a brokerage company in 2014 in the Chicago land market. We're a boutique brokerage company that works with investors. And then I also started a conference business in 2017. It's a two-day conference in the Chicago market. Because I found good management A that I can trust with my properties, I'm really not involved with the day to day management of them anymore. I get looped in on the big stuff, strategy stuff. But that really took off 20 hours a week from my plate once I hired out reputable management, and let me focus on my other businesses. So that's really been my focus is doing that and that now that I'm taking nine-month maternity leave, making it easy for the next few years, essentially.   Don: That's great. So, what would be the best ways to connect with you in case anybody wants to get in touch or maybe get some tips from you on a real estate career?   Brie: Absolutely. I'm always on BiggerPockets. And you can probably find me on LinkedIn. And then if you're interested in attending our event in spring, it's MidwestRESummit.com.   Don: Nice. Okay, that's great. So, thank you very much, Brie, for coming on the show today. As I mentioned, I'm really excited to have a female investor on the show. And as I thought your story is just phenomenal. So, I want to wish you good luck in the future as well.   Brie: Thank you so much. Thanks for having me.   Don: Okay, you have a great day.   Brie: You too.   Lady: Thanks for listening to the real estate investing podcast with Don and Eden. Stay tuned for more episodes. Till next time.  

Get a market update. Next, I answer your listener questions: 1: How do I start if I know nothing about real estate? 2: What’s better: existing or new construction property? 3: How do I identify an “up-and-coming” neighborhood? 4: How do I raise the rent without losing the tenant? 5: What if there’s a recession?  I bring you today’s show from Anchorage, AK. Next week, we discuss four-plexes. The following week, declining interest rates and more Fed money-printing. 1) My FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________   Resources mentioned: Credit Score help: MyFico.com Neighborhood Research: NeighborhoodScout.com City-Data.com Mortgage Loans: RidgeLendingGroup.com Turnkey Real Estate: NoradaRealEstate.com eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation   Welcome to Get Rich Education, I’m your host Keith Weinhold.   It’s YOUR listener questions today; What’s The Best Guidance For Beginners, Comparing New Construction vs. Existing Construction Property, How To Identify An Up-And-Coming Neighborhood, How To Raise The Rent Without Losing Your Tenant, and How To Position Yourself In The Event Of A Recession.    All today, on Get Rich Education.  ______________________   Welcome to Get Rich Education! I’m your host, Keith Weinhold with Episode 265 and I’m answering your listener questions today.    First, let’s get you up-to-speed with our asset Class Whiparound.    The Fed lowered rates last Wednesday by a quarter-point again.   It IS their third quarter-point rate cut this year, bringing the upper bound of the Federal Funds rate down to 1.75%   Just before air time here:   Year-to-date, real estate is up 3.5% per the Freddie Mac Housing Price Index. The Case-Shiller National Home Price Index is at right about that same 3.5% appreciation rate.   Next, the Freddie Mac numbers show us 30-year and 15-year mortgage interest rates are just a touch more than 1% lower than they were one year ago.   Yes, your COST of money is cheaper now than it was either one year ago OR two years ago.   The stock market has been thriving. The S&P 500 Index is up more than 21% YTD. It’s flirting with all-time highs, as its over 3,000 points now.   Oil prices have not done so well, Down 17% year-over-year    Oppositely, Gold has thrived as it’s up 17% just since the beginning of the year.   Last week, the Commerce Department told us that GDP expanded at an annual rate of 1.9% through the 3rd quarter, falling slightly from 2% a quarter earlier.   The rate of dollar inflation is currently 1.7% YOY as measured by the Consumer Price Index, which is tracked and published by the government’s Bureau Of Labor Statistics.   With the way that they calculate inflation, I think it’s a little hard to believe that the true, diminished purchasing power of the dollar is only 1.7% per annum.    I think that makes about as much sense as turning back the clocks back an hour like we all did the other night, personally.   That’s our Asset Class Whiparound like we do here just once in a while.   Let’s start with the first listener question … and I usually start off with a more beginner-type question - like this first one - and advance from there.     This question comes from Jackie in Esko, Minnesota.   Keith, I love your show. I’m 25 years old, just a year out of college with $22,000 in student loan debt, and I just began listening to you three weeks ago.   Now I’m going back to listen from the very beginning, Episode 1.    What is the best way for me to begin if I know absolutely nothing about RE?    Thanks for the question, Jackie.   Well, you’re on the right track with your learning by starting with Episode 1 of the Get Rich Education podcast.    Bigger Pockets has some very well-populated FORUM that’s good for your learning.   I’d also say, work on your credit score WHILE you’re learning about real estate investing. That’s important in a credit-based asset like real estate.   Learn about what it takes to improve your FICO score at myfico.com   Now, for a beginner, yes, it’s probably not the long-term answer that you want.    But it can be helpful to have a W-2 job … at least in the short-term … before you go onto to dominate your own real estate empire.   I mean … I had a day job for years. Not only does this income help you qualify for loans, but let’s look at some ideal day jobs that can help you advance your real estate CAREER at the same time.   Now Jackie, I don’t know what your college degree was in … but if you’re a true devotee to real estate, consider that, even if you have to accept less income ... there are day jobs that can actually align with your path toward being a real estate investor.   You could become a Property Manager for a management company. Now, that is a tough job but you will learn remarkable things about how real estate works from the inside.  Property Management is perhaps the LEAST-RESPECTED job in all of real estate, but it’s perhaps the most important … at the same time and the manager is probably the investor’s #1 team member.  Other day jobs that can help a real estate investor are:  Being an Asset Manager, Financial Analyst, Real Estate Agent (of course), or a Mortgage Loan Officer. With any of those related jobs, you’re going to learn about things like sales, marketing, pricing, maintenance & repair, capital improvements, and bookkeeping. There are other benefits to making your day job … real estate-related.  You’re going to get to know other people in the business - these could be your future collaborators. You’ll get to attend industry tradeshows. And of course, you’ll get substantial education and training.  So, that’s just one course to consider for a beginning real estate investor. If you’ve got to work a day job before you build your empire anyway, it might as well align with what you’re truly MORE interested in long-term … yes, perhaps … even if you need to take a short-term pay hit. It’s just another angle for you to consider, Jackie. If you want one all-encompassing podcast episode that tells a beginner like you as much as you need to know as possible … all in less than one hour - check out GRE Episode 249, published just a few months ago.    That episode is titled, “The Beginner’s Real Estate Investing Audio Guide” and it’s our most popular episode that I’ve done ALL year. Again, it’s Episode 249.    Thanks for the question, Jackie.   The next question comes from Tate in Providence, Rhode Island.   Tate says, “Keith, I notice that today, more providers offer new construction investment property, but it usually doesn’t cash flow like existing properties do.   Is it worth buying new construction for the lower maintenance costs involved?” Thanks, Tate.   Alright Tate, let’s compare the pros & cons of buying Brand New Construction Rental Property vs. Existing Construction.    And, this is a top-of-mind subject for me because I just wrote about this in Get Rich Education’s e-mail newsletter two weeks ago.    What’s better: existing or new construction rental property?   Like with most real estate answers: “It depends.”   But because a “2-word answer” like “It depents” is really dissatisfying, let’s expand on this.    There are at least 8 different criteria for each type.   Before we look at your trade-offs with each type, understand that new construction turnkey property was almost non-existent until recently.   That’s because during the housing crisis of 2007 – 2010, home prices fell far below replacement cost.   Therefore, builders couldn’t make new developments feasible until existing property prices rose in this decade that we’ve had since the Great Recession.   There was also an oversupply of housing back then. Absorption of existing housing took time before new construction made sense again.   And supply has definitely been absorbed.   In SO MANY markets today, the housing that makes the best rentals is undersupplied.   That’s why new construction makes sense again - and why you’ve gradually seen more new construction income property be offered by providers these past few years.   Let’s look at the advantages of both existing and new construction … and these are certainly broad generalizations ...   First, with EXISTING Construction property - we’re talking seasoned properties here:   Lower purchase price.   Better cash flow. This is especially true in the early years. The early dollars are your most important as an investor.   Established property. You’re pretty assured that the foundation won’t settle. You know that the topsoil grows grass.   With EXISTING property, you’re in an established neighborhood. You already know who the neighbors are.   More safety in your investment with existing property. You see, because residents have lived in established neighborhoods longer, they’re more likely to have substantial equity in their property.   Now, why would you care if your neighbors next to your income property hold higher equity positions?   If there’s a recession, this means that residents are less likely to walk away from their home. This hedges against foreclosures and a valuation downdrain - and this domino effect like we saw in the housing crisis 10 years ago.   With EXISTING PROPERTY, you also have lower property taxes. Though there are also plenty of cases where this isn’t true, because an existing property could also mean it’s closer to the city center.   Location. Because you’re often closer to parks and city centers … residents have shorter commute times. This aids in both attracting & retaining your tenant.   Availability. In turnkey investment property, there are more existing structures available than new construction property.   You can keep your timeline. Construction delays are less likely with existing property.   Now that we’ve looked at what tilts in the favor of existing property - and it is a lot … let’s look at the advantages of Brand New Construction property.   New Construction:   You tend to get Better appreciation.   Higher tenant quality. New features attract a larger tenant pool for you to choose from.   Longer duration tenancies. It’s hard for a tenant to find a better situation, unless they leave to become a homeowner.   You tend to have fewer maintenance costs with new construction property.   Modern amenities. Layouts with open floor plans and a higher bathroom count.   With new construction you often have lower property insurance costs.   Better vendor warranties.   Utilities. New homes are more energy efficient, lowering utility bills. However, the tenant often pays this for you, especially in single-family homes and duplexes.   So, there they are - the advantages of existing property vs. new construction rental property.   Of course, this is general guidance.   Based on regional and other factors, you can surely find some “exceptions” to these criteria.   But these trade-offs can help you decide what’s more important to you as a real estate investor.   Excellent question from you there, Tate.   The next question comes from Alex in Lyndhurst, New Jersey.   Alex asks, “What’s the best resource for determining if a property that I want is in an up-and-coming neighborhood?”   “The market is more important than the property - and a thriving metro doesn’t necessarily mean that every property is in the right neighborhood.   Where do you do your own research?”   Well, thanks for the question, Alex.   In short, NeighborhoodScout.com is my favorite paid resource …   … and City-Data is my favorite free resource. It’s spelled “City-hyphen-Data”.com   Now, what makes Neighborhood Scout potentially worth paying for is that they’ve got investor-grade analytics and tools.   Where the free resource, CityData is more for a “general public” user.   But both resources tell you about things like crime rate, per capita income, vacancy rates, and virtually everything else for cities, zip codes, and even subdivisions.   Of course, there are countless other resources in addition to those two.    Be mindful that you aren’t just looking for neighborhoods that are safe, you’re looking for neighborhoods that are IMPROVING and both of these resources have backward-looking data so that you can track trends.   Remember, in income property, you don’t really want to seek out “beautiful” because beautiful often doesn’t correlate with profitable for cash flow.   But, of course, boarded-up, burnt-out buildings aren’t what you want to see either.   So, as you’ll remember, it’s clean, safe, affordable, and functional. Are people out walking their pets at night? That might be a sign of neighborhood safety.   The things that you can see through Google Street view are things like: are the streets relatively clean, are people mowing their lawns.    If the neighborhood - at least looks - respectable … then tenants are likely respecting your property too.   Too many “For Rent” or “For Sale” signs on a block might be bad sign.    Of course, seeing a lot of signals of remodeling or new construction in a neighborhood - is one of the best signs that could possibly see for an improving neighbhorhood.   The problem there - is that you’ve got to get in before a neighborhood is TOO improved. Otherwise, you’re going to be paying more for the property and the numbers won’t work.    So, there you go, Alex - both some hard data resources for research - and softer signals for what might make for an up-and-coming neighborhood and a safe neighborhood.   If you’ve got a question for me, go ahead and write in at info@getricheducation.com   How do you raise the rent without losing your tenant, and then, what happens if there’s a real estate recession?   That’s after this. I’m Keith Weinhold. You’re listening to Get Rich Education.  _________________________   **COMMERCIALS** ___________________________   You’re listening to the show where you don’t follow money, you make money follow you.    This is Get Rich Education. I’m your host Keith Weinhold.   Ben from Osnabrook, Germany asks:   “When it comes to raising the rent on a tenant, isn’t it better to just keep the rent the same & just … not raise it?   Because the cost of losing that tenant with its greater vacancy time is usually more of a loss than if I’m not receiving that potentially higher rent amount each month.”   And then Ben goes into a number of calculations that show his point.   Yeah, thanks for this great question, Ben.   This is the classic landlord’s conundrum.    Do I raise the rent to “market rent” & risk losing the tenant - or do I forgo that greater rent amount and just remain complacent with occupancy at a BELOW-market rent amount? Let’s use an example here. Say you are renting a unit for $1,000. The tenant signs a one year lease for $1,000 … and after a year, when renewal time comes, you give notice that rent will be increasing from $1,000 to $1,040. A couple days later, your resident responds and tells you that they aren’t willing to pay more than $1,000, and if they must, they will go find another place to live. So you risk losing them. Yes, some tenants really will leave over just a $40 a month rent increase. Now you have a dilemma. You think that you CAN rent the unit to someone ELSE for $1,040.  But on the other hand, you realize that it’ll take a month to turnover and re-rent the unit. You’ll also need to see that the carpets are cleaned, the blinds are replaced, and perhaps do some wall texturing and painting.  So RE-renting this unit will cost you something … plus while this work is done & a new tenant would have to be sought … it might be one month of vacancy that you’d endure.  The question you’re now asking yourself is, will it cost me MORE to turn this unit over & EVENTUALLY get $1,040 than it would to keep this tenant’s rent at $1,000 … and just keep them in place - ? Yes, it usually would.  Numbers-wise, short-term, it’s better to just keep that existing tenant in-place and give them their way and keep the rent at $1,000. In this case, a LOST month of rent while you try to find a new tenant then … effectively costs you ... $1,040.  Plus repairs, you might lose $1,600 on the turnover.  On the other hand, NOT raising rents by this $40/month will only cost $480 for the year. Which loss would your rather take — $1,600 by turning the unit over - or $480 by keeping the same tenant there?  You’d rather keep the tenant in there & only lose that $40 a month or $480 a year … rather than the $1,600 for the turnover & month of vacancy. Well, there’s a solution to this classic conundrum - and it won’t work every time, but the best thing that you can probably do - the way that you can have your cake and eat it too - which means both increase the rent and keep your tenant … is to make an improvement to your resident’s unit a month or two BEFORE you raise the rent. For example, if they don’t have a dishwasher, you can add a dishwasher or add a ceiling fan in the master bedroom if they don’t have one. Or make a minor remodel that makes that tenant’s life better - before the notice of rent increase. That makes the tenant more likely to stay because you’ve just improved their quality of life - and you’ve also shown them that you care - and they’re more likely to pay the rent increase. Not only have you then kept the tenant and now receive a greater rent amount, often times, you can get a tax deduction for the repair or improvement - and above that, even if they do decide to vacate, you just improved your unit that you own. So … that’s the best solution to the dilemma, Ben from Germany. Again the short answer is to make an improvement to the unit, optimally a month or two before the rent increase.  Craig from San Diego, California writes, “Keith, you are the first person that ever opened me up to the world of cash flow. I’ve bought two single-family properties from one of your providers about 8 months ago and I’ve had a good experience so far, other than one tenant that paid the rent about 20 days late month.” OK, so far, so f-a-i-r-l-y good there, Craig from San Diego. Craig goes on to ask, “There are a lot of warning signs about a recession and I’m considering putting a freeze on new purchases until I at least have some certainly in this uncertain environment. What are your thoughts about a recession?”  OK, that’s certainly a valid question, Craig.  You bring up “uncertainty”. I’d say that markets are always, just always, uncertain … and prognosticators and forecasters have been calling for a downturn for 3 years, 4 years, including a prominent economist or two right here on this very show. And that’s alright. That’s alright if there’s someone that’s wrong. A prominent economist’s decision is just one point of many that you have to take into consideration …  … whether it’s an inverted yield curve or slowing GDP growth or inflated stock market price-to-earnings ratios that might point to a recession. Well, especially as it relates to real estate - let’s just talk about how a recession might look as it relates to real estate and what the probabilities are of a recession taking place soon.    First of all, a recession is broadly defined as having two or more quarters in a row of contracting Gross Domestic Product - said another way, a declining GDP for at least six months. That’s what a recession is. Let’s relate a recession to real estate - broadly. 10 years ago, we were mired in the worst recession in a few generations.  Real estate was: #1 - Overbuilt & oversupplied. #2 - Real estate was being bought with irresponsible lending practices where borrowers didn’t have the capacity to pay their mortgages if anything went wrong. Everyone was qualifying for a loan. And #3 - Ten years ago in the Great Recession, we saw ridiculously unsustainable appreciation rates. 20%, 40%, 50%, 60% per year in some markets on this speculative appreciation since anyone could qualify for a loan. Today, I don’t think we’re in position for a real estate recession & if we do have one, it would be substantially milder than what we saw 10 years ago. Why is that? Because today, we’re in EXACTLY the opposite condition than we were 10 years ago. Today, we have an UNDERsupply of housing, lending practices ARE responsible, and appreciation rates are sustainable.  I talked at the top of the show that real estate has appreciated nationally at about 3-and-a-half percent. So, we’re in the opposite place that we were 10 years ago for three main reasons: supply, lending responsibility, and sustainable appreciation rates. In fact, if you’re buying for cash flow in good markets - like you should be - the question I’d ask you - uh, Craig from San Diego - is - do you WANT there to be a mild recession? Yeah, if housing values began trending down for a little while, people are discouraged from buying and then there’s more rental demand.    This is what I experienced when I owned property for cash flow, like I did 10 years ago - when rental demand increased - my cash flow increased greater than the rate of inflation.   So, you might WANT there to be a mild recession when you’re a cash flow buyer.    In fact, this - kind of - workforce housing that we talk about buying here - long-term rentals that are just below the median purchase price for an area (but not too far below) - is some of the most recession-resilient housing type that you can find.    Now, other housing types - take the SHORT-term rental market - like AirBnB properties, HomeAway, VRBOs - they aren’t nearly as recession-resistant as these long-term rentals are.   Now, that doesn’t mean that you can’t own a few STRs - but they probably should be the bread-and-butter mainstay of your portfolio like these long-term rentals are.   AirBnB properties cater to two primary types of people - businesspeople and vacationers.   Now, it seems that most AirBnB owners prefer businesspeople to vacationers … because businesspeople tend to be more quiet, they don’t have parties, and businesspeople are more likely to have REPEAT stays than vacationers.   But in a recession, both business travel and vacation travel gets cut. You saw that happen in the Great Recession - and business travel is one of the first places that businesses cut when they had to get lean.   So … this doesn’t always mean that short-term rentals are dreadful. But long-term rentals are what are recession-resistant.   Again, in long-term rentals, you might actually WANT a recession depending on how you’re positioned.    So, thanks for the question there, Craig.   Next week on the show, we’re going to focus on four-plexes - four-unit buildings and what makes them so special.    The week after that, speaking of a recession, the incomparable Economist Richard Duncan is going to join us and tell us about this QE4-type of activity that the Fed has initiated …   … where the Fed is printing all kinds of money and pumping it into the system … and what that means for the economy.   Richard can make complex concepts sound devastatingly simple sometimes.   In fact, when he was here with us, about a year-and-a-half-ago, just listen into part of that, my question and his answer:   Yeah, could anyone else possibly describe the relationship between inflation and interest rates that succinctly … that concisely?    In fact, when he’s back with us soon, I think that Richard will tell you that nearly the entire globe is ALREADY in a substantial economic slowdown.   Well, what’s one way that I’m acting - and this is something that I regularly do whether I think that a recession is on the way or not - is that I just bought two more properties this past week myself.   Yes, they’re these cash-flowing, long-term rentals like we talk about here … eating my own cooking.   When I was almost ready to buy, I qualified for two more single-family income property loans with Ridge Lending Group.   And then to find the 2 new properties, I did just what you do.    I went to GREturnkey.com, downloaded reports on a couple markets that I was interested in, connected with the provider, and decided to buy two properties in the same day.   Really, walking the walk here. So, if you’re looking for cash-flowing income property in investor-advantaged markets - usually in the Midwest and South, you’ve got to act.    That starts at GREturnkey.com   Until next week, when I’ll be back to help you build your wealth, I’m Keith Weinhold.    Don’t Quit Your Daydream!  

This case brings us to the quiet town of Carlisle Ohio. One family seemed to be living the perfect life in Carlisle, but in the Summer of 2017, a secret would come to the surface in a major way, and forever change how the public viewed the so-called perfect family. Join me as I walk you through the tragic and polarizing case involving Brooke Skylar Richardson.Want to go “Behind the Mic” to support MURDERISH, and get extra perks like bonus content, t-shirts, coffee mugs, a shout out on the podcast, and more? Visit www.patreon.com/murderish. Follow MURDERISH on social media:Facebook Discussion Group: Search “Murderish Podcast Discussion Group,” or go to https://www.facebook.com/groups/540494462961219/         Twitter: @MurderishPod https://twitter.com/MurderishPodInstagram: @MurderishPodcastSend comments and advertising inquiries to: MurderishJami@gmail.comMURDERISH merch store (t-shirts, mugs etc.): https://murderishpodcast.threadless.com/.Midroll Sponsor:Betabrand: Visit BetaBrand.com/murderish (all lowercase) to get 20% off your Dress Pant Yoga Pants.Research & Writing: This episode was researched by MURDERISH Researcher, Tiffany Williams, and written by me.This episode was Mixed and Mastered by John Bukenas of Audio Editing Solutions www.audioeditingsolutions.com.Music in this episode was created by: Nico Vettese of We Talk of Dreams.  Contact Nico at nico@wetalkofdreams.com or www.wetalkofdreams.com.Remember, listening to this podcast doesn’t make you a murderer, it just means you’re MURDER…ish.Information for this episode was gathered from the following sources:* http://www.carlisleoh.org/* 10 Actors You Should Know Who Were Born in Dayton > Melisa Lyons > February 9, 2017https://www.daytondailynews.com/entertainment/actors-you-should-know-who-were-born-dayton/tVYuSkqQANZUY2tVCQaEUK/* Crime Rate in Carlisle, OH (Rape, murder, robberies…) > City-Data 2017

How do you come back from losing $50M? Rod Khleif had achieved incredible success as a real estate investor, building a portfolio of SFHs and apartment complexes that grew his net worth by $17M in 2006 alone. And then came the crash. So, how did Rod recover and revive his real estate career? And what did he learn about finding true fulfillment along the way? Rod combines his passion for real estate investing with his personal philosophies around goal-setting, envisioning and manifesting success as one of America’s top multifamily investment and high-performance life coaches. Rod is an accomplished entrepreneur, building several multimillion-dollar businesses and developing a real estate portfolio of 2,000-plus properties. He is also a community philanthropist, founding the Tiny Hands Foundation, an organization dedicated to improving the quality of life for children in Sarasota, Florida, and the surrounding areas. On this episode of Founders Club, Rod joins Oliver to share the goal-setting system that helped him recover from losing $50M in the crash and explain what drew him back to real estate in the last couple of years. He offers an overview of the apartment buying process, explaining how to choose the best properties and markets for multifamily. Rod also walks us through his five-step weekly planning process for prioritizing what’s really important. Listen in for Rod’s advice to would-be apartment investors and get inspired to achieve true success and fulfillment! Key Takeaways [0:53] The goal-setting system that helped Rod recover from the crash Brainstorm list of everything you want in life Make it measurable (# of years for each item) Pick juiciest goal + top 3 for year on new sheet Write paragraph re: WHY each goal is a MUST Collect pictures and visualize things you want Journal on qualities necessary to achieve goals [23:46] How Rod overcame depression after achieving his big goal Vision for future, other goals lined up behind Remove focus on self by giving back (e.g.: feed families) [29:59] Rod’s 5-step weekly planning process Celebrate what got done Journal to capture magic Single page of declarations (top areas of focus) Must-do tasks for this week Block time for things get further faster [42:55] What drew Rod back into multifamily real estate Ability to scale faster Easier to buy than SFH ‘Team sport’ [45:30] Rod’s overview of the apartment buying process Decide between residential and commercial multifamily Build team (brokers, property managers, bankers, etc.) Align with investors with resources Brand self through LLC, add value on social for reach Educate self around joint venture vs. syndication deals [57:56] Rod’s advice around the best properties to invest in Look for B and C properties in A and B areas Add value to force appreciation [1:02:57] What Rod looks for in an area to buy multifamily Growth in population, income and jobs Research on Best Places or City-Data [1:05:29] Rod’s take on the current multifamily landscape Hard to find good deals right now Best time to learn, market correction yields opportunity [1:07:23] Why Rod recommends specializing in one market Must know what people want to be competitive Learn business in one location before expand [1:10:18] Rod’s favorite tech tools for real estate investing Slack + Asana to communicate with team, manage projects Maximize social media to add value for potential clients [1:11:20] Rod’s advice for aspiring multifamily investors Learn the business Take action Connect with Rod Rod’s Website Lifetime CashFlow Through Real Estate Investing Podcast Multifamily Community on Facebook Multifamily Bootcamp Tiny Hands Foundation Books by Rod Connect with Oliver Big Block Realty Oliver on Facebook Oliver on LinkedIn Resources Tony Robbins Grant Cardone Dale Carnegie Tom Hopkins Zig Ziglar Fiverr Upwork The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone The 5 Love Languages: The Secret to Love that Lasts by Gary Chapman Rentometer Rentbits Apartments.com Zillow Craigslist Best Places City-Data Glenn Gonzales on Lifetime CashFlow EP207 SpotCrime Asana Slack

Vandaag was Nalta Podcast te gast op het Fortierra Dutch Open City event. Georganiseerd bij Dell EMC in Amsterdam een dag die in het teken stond van data, energie en energietransitie voor de digitale maatschappij. Een volle dag met veel sprekers en gelegenheid tot netwerken. Ik deed samen met Hans Timmerman het afsluitende gesprek waarin we ook de dialoog aangingen met de deelnemers. Deze podcast is hiervan de opname. Veel luister plezier.

Dean Browell is Co-owner and Executive Vice President of Feedback Agency, a market research firm that uses hands-off observation of online behavior coupled with behavioral analysis by data scientists (psychologists, sociologists, and anthropologists). When people are in focus groups or other situations where they are aware of being observed, their behavior changes. By not engaging their audience, the digital ethnography research team is able to get a rich body of authentic, unadulterated data. In the discovery phase, Feedback's digital ethnography research team works to understand a client's audiences and where they are going. (FaceBook, Twitter, YouTube, forums, niche message boards . . . and deep into sub-communities) The team then observes behaviors, identifies preferences and channels, assesses group discussions, actions, and sentiments, and evaluates all of this existing data to discern what “makes people tick” and what causes them to make decisions. Through the sheer volume of information, the research team can identify trends and quantify and qualify word-of-mouth impressions. Using that information, Feedback may test responses to different messages. For example, they may place 70 small-space FaceBook ads and be able to report back to the client the 4 top-performing imagery types and messaging types. Feedback is not involved in the marketing implementation . . . they hand over the data to their agency customers for use as implementation guidelines and provide clients with detailed, research-based action plans for increasing customer engagement and sales. Dean has found that human beings are far better at detecting meaning. Where computer programs may track words and bot can make decisions about whether words are positive or negative, humans can pick up the nuances of sarcasm and humor . . . and provide a far more accurate view of audience sentiment. Dean recommends a couple of resources for targeted searches. Board Reader(http://boardreader.com/) searches forums and message boards, either by content or by forum focus. He also talked about local message boards, such as City-Data, which can provide a wealth of information about the selected community. Dean can be contacted on LinkedIn at in/dbrowell/. His company's website is http://www.feedbackagency.com/

After only a few years in the industry, he had already built an empire. In his head, he was a real estate god and had created a lifetime of cash flow. Then, the crash of 2008 shook the entire economy. Rod Khleif crashed and lost $50 million dollars. With such a loss, he shifted his gears and focused on his mental makeup.  Armed with a $50 million dollar lesson, he learned from his mistakes and dove straight into investments. To date, Rod had successfully used real estate to create a lifetime of cash flow that also gives him opportunities to help others. He is the host of the #1 real estate podcast, Lifetime Cash Flow Through Real Estate Investing.  On this episode, he passionately shares his business and life lessons and what he looks for in a target market.    Key Market Insights Moved to Denver, CO as a six-year old impoverished Dutch immigrant Became a broker at 18, and earned over $100k in the third year of his career Had a $17 million net worth in the year 2006 Built portfolio of 800 houses and multiple apartments in 2006-2008, scattered two hours North & South of his residence Lost $50 million in the crash of 2008 Started a litigation support company after the crash, and helped build law firms in four states that turned into a 10-million dollar business After completely shifting gears, he started investing in real estate again Lesson learned: Focus on the cash flow, not the value Goal Setting: Clearly define what you want and why you want it. Then, focus on that on a regular basis Currently owns over 2000 homes and apartment buildings Built over 22 businesses in his 40-year business career Host of the No. 1 Real Estate Podcast, Lifetime CashFlow Through Real Estate Investing with over 3.6 million downloads to date Study location through these levels: regional, neighborhood, and property Location conditions: Job and population growth, income levels, zoning restrictions, current and planned infrastructures, etc. Call the chamber of commerce and ask who's moved in and who's moved out Real Estate Podcast: Includes experts and novices in the industry, and a weekly topic on Psychology of Success Free Ebook: How to Create Lifetime CashFlow Through Multifamily Properties - Text Rod to 41411 Passionate about giving back. Fed 60,000 children for the last 18 years over the holidays Currently helping 1,500 local children by giving backpacks filled with school supplies Bull’s Eye Tips: Winning Your Market: Love what you do. Be passionate.   Tracking Marketing Changes: Read local publications. Keep your fingers on your posts.   Daily Habit: Practice gratitude. Visualize. Declare that it will be an awesome day.   Resources: Census.gov   Bureau of Economic Analysis   State Local Government   City Data   Best Places to Live   Chicago Bootcamp   Free Ebook: How to Create Lifetime CashFlow Through Multifamily Properties Website Download or Text “Rod” to 41411   Book Recommendation: Never Split the Differences by Chris Voss   The Five Love Languages by Gary Chapman   The Slight Edge by Jeff Olson   Turning Pro by Steven Pressfield   Winners Never Cheat by Jon Huntsman Digital Resources Pzizz    Tweet This: “If you’re the last man standing when the music stops, you’re in trouble.”   “To be a success at anything you’ve got to push yourself. You’ve got to get uncomfortable.”   “Success without giving back beyond yourself is empty.”   “Where focus goes energy flows.”   Places to Grab a Bite: Flemings   Ruth Chris   Libby’s Connect with Rod: Website: https://rodkhleif.com/   Facebook Group: MultifamilyCommunity.com   Leave us a review and rating on iTunes or Stitcher. Be sure to check out more info at TargetMarketInsights.com.  

00:00 - Intro 01:15 - D Works and Angel City Data 03:45 - The importance of staff retention and client retention 04:20 - The three focuses of Angel City Data's business are 1) strong attention to design, 2) strong attention to the business impact of a decision (does the software solve a problem), and 3) customer support. 05:00 - How does David Knight hire? 05:17 - "If the companies that you're working for [have a high amount of employee turnover], they're doing it wrong." 07:23 - "We're slow to hire and quick to fire." 08:03 - Angel City Data's office culture and the importance of physical proximity 10:00 - "I have always felt there's great synergy when we have a vibrant team of people working in the same space." 11:09 - Dan describes Adatasol's more "virtual" team culture, by contrast 11:53 - Using third-party communication and task management tools vs. building in-house systems using FileMaker 12:30 - "We eat our own dog food here." 13:31 - "When you have a piece of your business that really is a secret sauce or has a DNA that follows the way you want to work, having that in something owned by another company is not a good place to be." 18:40 - Where does David Knight see Angel City Data in 5 years. 19:23 - "More and more custom web development...and mobile design." 20:00 - Rapid Application Development tools that play in our space 22:22 - "We like to look at ourselves like a Swiff Army knife." 23:29 - Android? 27:44 - In 5 years, what percentage of your business will be non-FileMaker? 28:50 - "It's a good thing to have other things you're working on that are not only FileMaker." 29:38 - David Knight @ DevCon 2018: One-To-Many: Growing Your Consulting Firm 30:12 - "You need to focus on the machinery of your business just as much, at times, as you need to focus on the technology you use for your craft."

#78: You’re a better investor today than yesterday. Here's why you’re going to be an even better investor tomorrow. How the $15 minimum wage will enrich you. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 00:57  Why you - and everyone - is an investor. 02:15  Do you pay cash for a car or instead do you get a car loan? 06:40  In business and real estate investing, the product is often least important thing. 08:28  People, process, and product. 13:40  Stereotypical wealthy-sounding names. 18:48  Why it’s difficult to anticipate stock market movement. 21:07  Why a $15 minimum wage is good for you. Resources Mentioned:  “The Profit” TV show with Marcus Lemonis. City-Data.com | BLS.gov | NeighborhoodScout.com - For real estate market research. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you. MidSouthHomeBuyers.com - Cash-Flowing turnkey real estate in Memphis, TN. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! Want a free GRE logo decal? We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android.  Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com  We’ll send you a GRE logo decal.

#68: Seth Williams of The Lighter Side Of Real Estate and Bigger Pockets joins Keith to tell you about the best websites & apps for real estate investing, wealth building, and productivity. Seth's website is REtipster.com Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn: 01:10  You’ll experience bumps on the path toward where you want to be. 04:00  Seth Williams joins Keith. 08:05  Some investor thoughts on the Grand Rapids, Michigan real estate market. 12:27  Some of Seth’s favorite investor resources.     28:55  Some of Keith’s favorite investor resources. 35:38  Real estate intersects with so many other disciples, that there’s no single “go to” resource. Resources: REtipster.com - Seth Williams’ investor resources. EyeJot.com - Send video messages. AgentPro247.com - Generate lists of motivated sellers. Google Earth - Global maps & aerial photos. Zillow - Residential property info. and pricing. WeGoLook.com - Hire people to look at your more distant properties. SquareSpace.com/Logo - Generate a quality Logo quickly & inexpensively, USLegal.com - Legal forms and property rental forms. State-specific. RingCentral app - Dedicated phone number for your business - calls, texts, faxes. Free. Pro HDR app  - App for beautiful photography. Costs $1.99. HomeClick - Property improvement hardware. Landlordology - Rental advice, tips, resources. Lighter Side of Real Estate - Laugh a little! Bls.gov and City-Data.com - Economic and real estate market research. NeighborhoodScout.com - Market research specifically geared to RE investors. Monthly fee. HomeSnap app - Take a photo of the outside of a home, see photos of the inside of a home! Property Tracker app - Real estate market and demographic detail. Property Evaluator app - Do a quick APOD or P&L in under five minutes. See how the property cash flow. Landlord app - Property management on-the-go. DocuSign - Send & sign documents remotely. Loopnet.com - Commercial real estate searches, includes some residential. Dropbox - Slick, easy file-sharing app. Mortgage Calculator app - Estimate monthly mortgage payments. OpenFolio.com - Share & compare yours’ and others’ portfolios. Kitco app - Slick app for up-to-the minute precious metals price charts. BullionDesk.com - Another minute-by-minute precious metals pricing source. InternationalCoffeeFarms.com - Cash-Flowing Panama Coffee Farm parcels where you own the land. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen! We would be so grateful if you wrote a review! Here’s how to write one at: iTunes, Stitcher, and Android. To get a free GRE logo decal for your review, send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com

You may have a budget but what if you have a big life change? Move cities, have a baby, buy a home. Budgeting for a lifestyle change can make or break you.  You got the new job in a new place, your family grows, you need to care for a parent. Your old budget won’t do.  A New Place  What if your new job involves a big change of location? Moving from the suburbs to a city for example. Will you still need a car? Will there be a place to park your car? Maybe, but it might not be free and if it is free, you’ll likely be competing for lots of other people for the spot. Not many attached garages in the big city.  What is the cost of living like compared to your current location? You might be getting a $20,000 jump in income but in the right (or wrong) city, that can be gone just paying deposits and broker fees. City-Data is a great resource to help compare the cost of living between cities. The Best Laid Plans Hopefully you’ve planned when to start your family but accidents happen. What if that happened to you? Would you be financially prepared? One of the biggest considerations before having a kid is day care costs. Prices fluctuate widely and sometimes the cost is so expensive, it actually makes more financial sense for one parent to stay home. A family situation that is harder to predict is that of your parents. None of us want to think about our parents aging and getting ill but it happens and you might have to step in. How much money do they have set aside? Would they want to live with you, stay in their own home, move to an assisted living facility? Who will make medical decisions if they cannot? Have these discussion with your parents before any of this happens. Buying A Home You found a $100,000 home and you have $20,000 to put down, great 20%! No, not great to the bank. They don’t want you to be cleaned out making the down payment. You won’t be able to pay the mortgage or the taxes. You might want to do some renovations so you can put your own stamp on the place. You moved from a studio to a house. Your futon and bean bag chair will look pretty lonely in a 2,000 square foot place. Twenty percent is not enough. Start A Business You have a killer idea and you long to quit slaving away for the man and want to start your own thing. Great! How much run way money do you have? What are the start up costs? Is your spouse on board or will they freak out if there isn’t a regular pay check coming in? How will you pay for insurance now that you no longer have it through your employer? Get A Baseline Where is your money going now? Before you make any big changes or decisions, you need to know this. If you had to cut to make room for something else, what could you sacrifice? Some things become such an ingrained habit, that you don’t notice anymore just how expensive they are (booze). Not everything has to be completely axed, some things could just be reduced (booze). Think back to your past. There was probably, hopefully, a time, when you spent less money than you do now but were still happy. Now think how much more you’re spending currently. Does the level of happiness correlate to the greater amount of money you’re spending? Probably not. It certainly costs more to be an adult than it does to be a college student but if your costs have sky rocketed, it’s unlikely that all of that money is going to fixed costs. A lot of it may be going to lifestyle upgrades, a bigger place, better car, nice clothes. The longer you can live like a student while earning like an adult, the further ahead you will be for the rest of your life.  How Much Do You Cut? Let’s say you make $50,000. Use a base of 60%, so $30,000 after taxes and savings. Divide the $30,000 by twelve months to get $2,500. Learn more about your ad choices. Visit megaphone.fm/adchoices

Patricia McCarney (World Council on City Data, U of T's Global Cities Institute) explains how making a first-ever international standard for cities is helping urban centres to grow, improve and take on a transformative role for citizens. Learn more at http://news.utoronto.ca TRANSCRIPT The Cities Podcast – Ep. 2 The Power of Numbers with Patricia McCarney […]

In this week's Cash Flow Friday tip I'm going to share with you the 4 free resources we use in our business to perform a quick and dirty evaluation of a market #1: www.BestPlaces.net - this site provides info on cost of living, quality of schools, population, crime rates, unemployment rate, house prices and all of this can be search by zip code or by city and state. #2: www.City-Data.com - this site is somewhat similar to best places, but goes into a little more detail and even includes things like recent sold comps, a sex offender search, more detailed demographics, a breakdown of neighborhood data by zip code, building permit data, etc. This site is best for a more detailed and specific research #3: www.RentOMeter.com - Want to know what the market rents are for a given zip code or city/state? Then rent-o-meter is free and easy to use and will give you the quick and dirty data needed to see what properties are renting for in your market.   #4: www.Craigslist.org - We use craigslist for a multitude of things including; checking the local rental market competition - how many properties similar to mine are there available, how long have they been listed, are they offering move-in incentives.  Another thing we do is we run test ads to determine the demand within a given market for the type of property we're about to bring to market i.e., mobile home, apartment, SFR, etc. Some of you might find this misleading and unethical, but when looking to acquire  a property within a new market I want to make sure there is plenty of demand before we commit to buy. I'll talk in more detail about this particular system we use for running craigslist test ads in next week's Cash Flow Friday tip.

This week's Cash Flow Friday tip is the top 3 critical market indicators to help you identify high demand or "soon to be high demand" areas to invest The question is, how do you find out whether the property you’re considering is located in a high demand area and whether the area will continue to be in high demand in the future because the last thing you want to do is buy a property in a declining market where incomes are deteriorating, unemployment is rising, and people are moving out. #1 - Demographics: Commercial property investing is really all about space investing.  What that means is that you are buying, selling, or leasing space that you think the general population not only want, but need.  Take a look at the number of households, people, and businesses residing within 3-5 miles of your property.  The more the better. A simple free tool I use to do a quick and dirty analysis for this is www.BestPlaces.net and www.City-Data.com #2 - Income: To market, sell, and lease your space, you need paying customers.  That means the more paying customers you have within 3-5 miles of your property that earn enough money to pay for your property, the better.  For example, when I’m evaluating a market for Mobile Home Parks, I will look for median household incomes of $28,000 or better.  That’s because residential tenants will spend about 1/3 of their income on housing.  I’m looking for tenants that can afford at least $7,000-9,000/year. (583-750 mo)   #3 - Infrastructure: Airports, highways, railways, ports, area amenities are all critical indicators for high demand areas.  People want to live, work, and sleep where access is easy and amenities are available.  If you’re looking at an apartment community 1 hour from any Walmart location, you might want to reconsider how “in demand” that are might really be. In fact, when I'm looking at a mobile home park within a new market I always look to see if there's a walmart and how close by it is. If there is no walmart in town then I usually pass immediately.

In the final episode of this miniseries, catch a glimpse into the future of cities and their changing role in the world. Author and U of T creative writing instructor Kathryn Kuitenbrouwer talks about bringing the future of a wild, global Toronto to life in her latest book, All the Broken Things; urban theorist Richard Florida unpacks his recent study from U of T's Martin Prosperity Institute exploring the ways that class is transforming our cities - and will for decades to come; Patricia McCarney, director of U of T's Global Cities Institute and CEO of the World Council on City Data, explains her work building a first-of-its-kind framework for comparing cities; and U of T's President Meric Gertler describes the symbiotic relationship between the university and the city - and calls in live from Brazil, to deliver the latest news from a global cities conference in São Paulo. To learn more, head to news.utoronto.ca .