Glad it was helpful! thanks for watching. 🙌

My pleasure! Thanks for watching. I am making a video on deal analysis that's taking a LOT longer than usual to record. Coming soon. Hope it's helpful as well

@@CoachChadCarson all of your stuff has been very helpful. You know what I would love to see? A video on how you analyze a properties performance AFTER you've owned it for a while. For example: how to know if a property is still performing well: should I refinance it? Cash out? Pay it off? Sell it? Etc

@@TGriffiths86thanks for the suggestion! I like the idea. I've done a couple of videos like that before. I'll link them below but I'd like to do another in the near future: kzfaq.info/get/bejne/b9SJoM-Ly7aqZ40.html and kzfaq.info/get/bejne/mZ11acqrnNqto2g.html

thank you for the feedback and for watching!

Thanks for the video timing tip. I'll try it! Population decline is definitely a concern. But if you can find one that's better than the rest or growth neutral that may be ok. Just a couple of warnings. 1. Buy for cash flow or at a price discount. You need to make your money at the BUY because appreciation may not help you. 2. Study property tax trends. If they are rising fast or the local gov't finances are rough, be careful. That could mean worse cash flow and/or city services in future.

@@CoachChadCarson Thanks so much! I hadn't considered property taxes. You always share helpful input.

My pleasure! See you soon!

Property taxes are higher for landlords than owner occupants in SC. But generally still lower than many states even with that. For example i have house that rents for $1,800 with $3,000 of taxes. Middle of road. And SC is more on the landlord friendly spectrum. Reasonable eviction times and no unreasonable tenant qualification restrictions.

Sure. $1,500 rent / $300,000 price = .5 % rent-to-price ratio $1,500 rent / $200,000 price = .75% rent-to-price ratio $1,500 rent / $150,000 property = 1% rent-to-price ratio / aka 1% rule So, 1% rule is just one specific rent-to-price ratio. It's popular because if you can buy a rental property at that ratio, it typically has a better chance of making a positive cash flow. But it's not the only thing that matters. The terms of your financing matter a lot, as people have seen with higher interest rates lately.

@CoachChadCarson I see. So if its less than 1% is not a good long-term cash flow? 🤔

Glad you liked it! Thanks for watching.

Spot on questions. Thanks Eric! Here's my take. 1. Like anything in the future, past population growth isn't always predictive. True. But usually there's some structural "magnet" that's attracting people there. I think you can analyze this and say "why is this region attractive to new people? And will that reason still be valid be for the next 10 years or more?" This is often an intuitive answer - like analyzing why you'd move to a place and less of a data-driven decision. The data follows human decision making. 2. I like finding a hot region (the sun) and then finding the "cash flow" markets within that solar system. You're right - .65 might be the rent-to-price ratio there even in the cash flow satellites. - But if you can buy a property 20-30% below full value, now you're doing better than average and giving yourself a chance to cash flow. - Of if you find a partner or private lender who'll accept a lower interest today to make the deal cash flow, that could work. - Or if you can negotiate low interest seller financing (or buy subject-to), now the cash flow can work. - Or if you buy in C/up-and-coming neighborhoods in that satellite city, you can often get better cash flow. So, my point is I'd rather work harder and cash flow in a growth solar system and have the best of both worlds. 3. Cash flow markets are fine too. You just have to be disciplined to buy without expectation of growth. And you have to be careful of cash flow that evaporates with old, cap-ex-heavy properties. Just my 2-cents! Thanks for watching.

@@CoachChadCarson Great points! Some of those strategies are tougher to achieve for the average investor than just, say, buying a house off of MLS. But if you make them work (as you have in your own portfolio), then for sure they'll be lucrative. The expectation of no growth in cash flow markets is taken as a given by nearly everyone, and implied in your response as well. But again, I think we significantly overestimate our ability to predict these things. Here's an interesting counter-example that I often use: I started building a portfolio of cash flow rentals in Memphis in 2018. At that time, if we had asked 100 investors where I should invest for price growth -- Nashville or Memphis -- probably 100 of them would have told me Nashville. Except that's not what happened: over those 6 years, median home values have grown 71% in Memphis, vs. 60% in Nashville. Memphis was the better cash flow market (by far), but it was also the better growth market. Will that continue? I have absolutely no idea -- and I would contend that nobody else does either.

This recent one is about investing with less cash: kzfaq.info/get/bejne/bMVgpNip2Labfac.html

This one is about buying with less than 20% down: kzfaq.info/get/bejne/iJeYdpl2vLa9n40.html Thanks for watching!

Tampa has a lot of single family houses and condos. You can look for houses with ADU/garage apartments. And look in older part of town for 4plexes

What does the election have to do with anything? That's not going to change the housing market

Good question. Many college towns are ALSO good, growing satellite cities. But if that's not the case, I'd just treat it like a steady cash flow market - buy for cash flow. I'd be a little concerned about some private colleges or less prominent colleges over the long run. The world's changing. College tuition can only go up so much so some schools are bound to get squeezed in new economy,

Good question. You can look at individual sold properties and see if they were listed and if so what for. That may give you more answers

I ask because some people say that where there is more inventory, prices would be expected to drop. Just curious your thoughts on this. Thank you!

Inventory can affect prices short-term. But long-term, the overall demand and desirability of the market is most important. That's why I buy everything as if I'll keep it for 5 to 10 years. So, if you're convinced Dallas generally and your neighborhood specifically will be better 5 or 10 years from now - it can still be a good investment. When you take this approach, even if prices drop by 25% you can hold on and ignore the news and the crowds because you don't have to sell! Of course, you need to also have some good cash reserves and buy so that in a worst case scenario you could rent your house out and not be upside down with cash flow.

@@CoachChadCarson that’s what I was hoping to hear! I love Dallas but quite a few negative opinions out there. 5-10 sounds doable! And I will definitely like to cash flow after maybe living there a few years. Thank you so much for the reply! Love your content and appreciate it so much.

@@jj1221ify good luck! thanks for watching.