29 min
Kathy Fettke: Demographics & Hot Markets with Florida Expert Real Wealth Show: Real Estate Investing Podcast
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- Investing
Wondering where's the best place to own real estate over the next decade? Follow the demographics.
When Rich and I started buying properties out of state in 2004, we chose Dallas, Texas because it was one of the fastest growing metros in the country. We paid between $120,000 to $140,000 for brand new homes in Rockwall, Texas that rented for $1,300 to $1,500 a month. Those homes have since tripled in value.
Where can you find that kind of opportunity today? Stick with the same fundamentals and follow the demographics.
Economists predict that Florida will add 1.4 million new residents by 2025. Developers are trying to keep up with demand, but can they build fast enough? It's pretty tough these days. As a result, both home prices and rents are on the rise.
In this episode, our guest represents a trusted RealWealth property team from the Tampa area, and he's here to give us an update on what's going on in the Sunshine State.
You can also take a deeper dive into the Florida market by listening to a webinar with our Florida expert. Simply join RealWealth, for free, at realwealthshow.com and log in to the investor portal to hear the replay. As a member, you can also view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.
And please remember to subscribe to our podcast and leave a review if you like what you hear! Thank you!
TRANSCRIPT
[00:00:00]
[music]
Speaker 1: You're listening to the Real Wealth Show with Kathy Fettke, the real estate investors in resource.
[music]
Kathy: Are you wondering where the best place to own real estate is over the next decade? Well, follow the demographics. I'm Kathy Fettke and welcome to the Real Wealth Show. When Rich and I started buying properties out of state in 2004, we chose Dallas, Texas because it was one of the fastest growing metros in the country. We paid between $120 and $140,000 for brand new homes in Rockwell, Texas. The rent in for about $13,000 to $15,000 a month. Those home have since tripled in value.
Where can you find that kind of opportunity today? Just stick with the same fundamentals and follow those demographics. Economists predict that Florida will add 1.4 million new residents by 2025. Developers are trying to keep up with that demand but can they build fast enough? It's pretty tough these days. As a result, both home crisis and rents are on the rise. Our guest today is one of Real Wealth's trusted property teams based in the Tampa area. He's here to give us an update on what's going on in the Sunshine State. David, welcome back to the Real Wealth Show. So good to have you here.
David: Kathy, it's a pleasure. It was amazing to be added on your amazing house guest quite recently, so it's good to see the recording studio once again.
Kathy: For our listeners, once or twice a year, it's usually twice a year, we bring all the property teams that we work with nationwide together in a mastermind. Even though they're technically competitors, they share their best practices and how to find more inventory for our members and they really act like one team, like they're on the same team for the benefit of our Real Wealth members. I'm glad you mentioned that. It was great to see you and be able to see each other in person.
David: It's absolutely invaluable. I really love everybody. I mean that sincerely. I just [00:02:00] love each one of these teams. I love their sincerity. I love their professionalism. As we said at the time and I'll say it again, it's always an honor to come out and be part of such an elite group of people.
Kathy: Aw, I appreciate that. I don't know when it happened. It seems like it was maybe five years ago when one of our teams said, "I want to be more involved with whoever is part of the Real Wealth Network because whatever they do reflects on me and I want to make sure everyone is at the top of their game
Wondering where's the best place to own real estate over the next decade? Follow the demographics.
When Rich and I started buying properties out of state in 2004, we chose Dallas, Texas because it was one of the fastest growing metros in the country. We paid between $120,000 to $140,000 for brand new homes in Rockwall, Texas that rented for $1,300 to $1,500 a month. Those homes have since tripled in value.
Where can you find that kind of opportunity today? Stick with the same fundamentals and follow the demographics.
Economists predict that Florida will add 1.4 million new residents by 2025. Developers are trying to keep up with demand, but can they build fast enough? It's pretty tough these days. As a result, both home prices and rents are on the rise.
In this episode, our guest represents a trusted RealWealth property team from the Tampa area, and he's here to give us an update on what's going on in the Sunshine State.
You can also take a deeper dive into the Florida market by listening to a webinar with our Florida expert. Simply join RealWealth, for free, at realwealthshow.com and log in to the investor portal to hear the replay. As a member, you can also view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.
And please remember to subscribe to our podcast and leave a review if you like what you hear! Thank you!
TRANSCRIPT
[00:00:00]
[music]
Speaker 1: You're listening to the Real Wealth Show with Kathy Fettke, the real estate investors in resource.
[music]
Kathy: Are you wondering where the best place to own real estate is over the next decade? Well, follow the demographics. I'm Kathy Fettke and welcome to the Real Wealth Show. When Rich and I started buying properties out of state in 2004, we chose Dallas, Texas because it was one of the fastest growing metros in the country. We paid between $120 and $140,000 for brand new homes in Rockwell, Texas. The rent in for about $13,000 to $15,000 a month. Those home have since tripled in value.
Where can you find that kind of opportunity today? Just stick with the same fundamentals and follow those demographics. Economists predict that Florida will add 1.4 million new residents by 2025. Developers are trying to keep up with that demand but can they build fast enough? It's pretty tough these days. As a result, both home crisis and rents are on the rise. Our guest today is one of Real Wealth's trusted property teams based in the Tampa area. He's here to give us an update on what's going on in the Sunshine State. David, welcome back to the Real Wealth Show. So good to have you here.
David: Kathy, it's a pleasure. It was amazing to be added on your amazing house guest quite recently, so it's good to see the recording studio once again.
Kathy: For our listeners, once or twice a year, it's usually twice a year, we bring all the property teams that we work with nationwide together in a mastermind. Even though they're technically competitors, they share their best practices and how to find more inventory for our members and they really act like one team, like they're on the same team for the benefit of our Real Wealth members. I'm glad you mentioned that. It was great to see you and be able to see each other in person.
David: It's absolutely invaluable. I really love everybody. I mean that sincerely. I just [00:02:00] love each one of these teams. I love their sincerity. I love their professionalism. As we said at the time and I'll say it again, it's always an honor to come out and be part of such an elite group of people.
Kathy: Aw, I appreciate that. I don't know when it happened. It seems like it was maybe five years ago when one of our teams said, "I want to be more involved with whoever is part of the Real Wealth Network because whatever they do reflects on me and I want to make sure everyone is at the top of their game
29 min