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Hey, everyone! Mike Wolf coming to you today from St. Martin in the Caribbean, among the deep sides of the island. If you’re tuning into this video, the chances are that you want to find out where the hottest place to real estate is for the year 2018.
And my favorite market this year is the same that has been for several years. I am referring to Atlanta in Georgia; where some different factors have made me to absolutely fall in love its market. I consider three (3) things when I’m picking a market, Atlanta, in my opinion, is one of the top markets with these three (3) factors. Number 1 – Is it landlord friendly? Or is it tenants friendly? – Atlanta is exceptionally business-minded, it’s extremely both business friendly and landlord friendly; and if you get a bad tenant, it doesn’t take you forever to get rid of them from your property. If you contrast that to a place like California for example; in California, it would take you a year or more sometimes to get rid of a bad tenant, if they know how to work the system. I believe they all seem to… the tenants seem to understand how to work the system, so, it’s tough to get rid of a bad tenant. So, if you buy a property and the tenants aren’t paying you, you still have those bills piled. You may still have the mortgage payment. You might have a… you definitely have a property tax payment, insurance payment, etc.… Those bills come in whether your tenants are paying or not. You can’t run a business successfully if you have no money coming in, no cash flow. Therefore, it’s essential to get in a market that’s very, very landlord friendly and in your favor. So, that’s number 1. The number 2 factor is that I like to look at – what are the chances of appreciation? That’s how we get rich in the real estate, that’s how we create wealth, is by the prices of the houses going up. Get in when it’s cheap, get out when it’s high, take that money and get it on to the next market, write it up again, and keep holding with our inventory without having to go to a job to make more money to buy more properties. In other words, it’s about making more money and buying more properties, that is fuel to the fire; that is a great thing to do. But you can start with one and never take a dime out of your pocket if you pick your markets right and eventually build up a portfolio. So, Atlanta once again is one among my favorite markets for this. There’s a lot of jobs being created there as it is very landlord friendly, and also very business friendly, so a lot of companies move there to lower their taxes; there are a lot of incentives for them. So, they go and hire a bunch of employees; and employees, when they have jobs, can pay rent. That’s what we want. But in any case, my team and I are some of the most prominent property owners in few of the zip codes that we worked in, and we are having a harder time now getting inventory than we ever had. And so, if we’re having a hard time getting inventory, indeed Ma and Pa investors are having a tough time getting inventory. Thus, trading is demanded on that market, on top of the fact that people are moving there in search of employment. The number 3 thing I look out when I pick a market is the return on investment. How much cash flow? What is my cash on cash returns? How much money can I get when I buy a property there? If I take you know, a hundred thousand out of my pocket, what am I going to net monthly? And so, even though the house prices are going up, they are going up steadily in the last 7-years, if you are involved in Atlanta, so has the rent. The rent has been going up too. Thus, the return on investment is still… still good. So, it’s still a great time to buy there! Hence, if this is something you are looking to do, buy in Atlanta? I specialize in helping investors from all over the world to purchase properties in Atlanta. I’m living proof of the fact that you don’t have to live in Atlanta to own a cash flowing property there because I spend most of my time traveling. I’m scarcely in Atlanta. I am not even from Atlanta, but that’s where you get the best returns. Always buy where you get the best bang for your buck. Where you are going to make the most money and spend it anywhere you like. That is why I’m in the Caribbean right now. So, if this interest you though, make sure to let me know. Email me at firstname.lastname@example.org or click the link; it should lead you to my webinar. I’m always happy to help you. Also, if you find my videos informative, make sure you subscribe to my YouTube channel; you’ll get all my latest videos as they come out. You can share this with a friend who might be interested in real estate investment, to let them know about me and what I do. As I’ve mentioned earlier, I’m always happy to help. Thank you so much for tuning in. I hope you’re having a great day wherever you are today and I look forward to seeing you soon. Take care.
QUOTES TO CONSIDER