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Real Estate Investing with Keith Weinhold
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Is This America's Best Cashflow Real Estate Market?
• 38 minWith skyrocketing property insurance costs, more homeowners are skipping insurance altogether. That proportion is estimated at 12% per the WSJ. Single-family rents are up 6.5% annually. Next, we discuss what might be America’s best cash flowing real estate market. Home prices are up this year for four main reasons: large Millennial demand, scarce supply, mostly healthy economy, interest rate levels that are actually normal. As we discuss one of America’s best cash flowing markets, it’s in a state that has strong legal protections for landlords. The cost of living there is 17% below the national average. Unemployment is 2%, according to the provider. Single-family rents are $1,200 to $1,500; prices are $115,000 to $140,000. You can own a freshly renovated property, complete with granite countertops. Average tenant duration is 3-4 years. With higher interest rates, more buyers in this market are paying all-cash or making a larger down payment. Contact your GRE Investment Coach, a free service, if you consider purchasing property in this investor-advantaged market. Timestamps: National home prices and insurance costs [00:00:01] Discussion on the increase in national home prices and the impact of rising insurance costs on homeowners. Rise in single-family rent growth [00:04:04] Exploration of the increase in single-family rent growth and its implications for the rental housing market. America's best cash flow real estate market [00:07:54] Introduction to an area with low property prices and potential for cash flow, including its job growth and investor advantages. The lost luggage incident [00:11:27] Keith shares his memory of his luggage arriving late during a trip to Little Rock and going for a run in street shoes. Little Rock's recognition as a top place for young professionals [00:13:15] Forbes Advisor ranks Little Rock, North Little Rock, and Conway as top ten places for young professionals to live, highlighting employment opportunities and affordability. Growth and economic drivers in central Arkansas [00:15:20] Discussion on population growth, job creation, and economic drivers in central Arkansas, including the presence of distribution hubs, major retailers, tech companies, and government and medical sectors. The demand for single family rentals [00:20:40] The speaker discusses the shift in multifamily housing, the increase in demand for single family rentals, and the lack of new construction in this sector. Arkansas as a landlord-friendly state [00:21:42] The speaker explains that Arkansas has landlord-friendly laws and a simple eviction process, with evictions typically taking 30 days or less and costing less than $1000. Criteria for properties in the investor market [00:24:59] The speaker talks about the areas and property types that fit their buy box, focusing on working-class tenants and B-class properties in the Little Rock metro area. The availability of properties in Little Rock [00:30:51] The speaker discusses the current tight inventory in the Little Rock market and how it affects both homeowners and tenants. Demand is high, but there are fewer places to rent or buy. Interest rates and cash buyers [00:31:52] The speaker talks about the impact of higher interest rates on investors and the increase in cash buyers. Some investors are willing to pay all cash now with the intention of refinancing later when interest rates come down. Advantages of investing in Little Rock [00:33:48] Resources mentioned: Show Notes: www.GetRichEducation.com/468 Get access to Little Rock properties: GREmarketplace.com/LittleRock If you’d like help with one of GRE’s Investment Coaches (free), start here: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY’ to 66866 Will you please leave a review for t
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