The REI Concierge Podcast Great Markets for Risk-Averse Investors
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Apr 21, 2021 The hosts dive into the world of real estate investment, spotlighting affordable markets across the U.S. that are ideal for risk-averse investors. They share personal stories about bidding wars while emphasizing the rewards of investing in lower-priced areas. Listeners will gain insights on strategic property renovations and the importance of local real estate teams. Additionally, they discuss the patience required for building wealth, citing wisdom from notable investors. It's a practical guide for those looking to dive into real estate without the heavy financial risk.
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Kansas City Deal
- Lisa bought a renovated two-bedroom, two-bath property in Kansas City for $85,000.
- It rented quickly for $950/month, demonstrating a good deal in a competitive market.
Cash Offer Clarification
- Understand "cash offers" in real estate can include various forms of financing.
- Explore options like equity from properties, home equity lines of credit, or commercial loans.
Triplex Renovation
- Lisa renovated a triplex, increasing its value to $300,000.
- Refinancing allowed her to cash out and purchase the Kansas City property.
