Creating Wealth Real Estate Investing with Jason Hartman CW 723 - Quad Cities - $90,000 Below National Average, 40 Colleges & Universities in 90 Mile Radius - Market Profile
Jason kicks off this episode with information about a major polluter in neighborhoods across the US and requests listener help in fighting the problem. And, today's guest is a local market specialist in the Quad Cities area. The Quad Cities are located on the border of Illinois and Iowa, the midwest location affords a steady cash flow with a nominal initial cost for income property investors. The job market in the area is steady due to a major agricultural equipment supplier and a Federal arsenal supplying blue-collar incomes to thousands of families and the competitive climate of the private local banks allow investors to possess extensive property portfolios.
Key Takeaways:[3:06] Be an activist listener and take a stand in your neighborhood by stopping the leaf blowers!
[8:09] The Quad Cities reside on the border of Iowa and Illinois.
[9:35] Steady cash flow and a rigorous tenant screening program are a plus for investors.
[14:01] Mobility and financial immaturity are probable reasons for long term renting.
[16:47] A major agricultural equipment company and a federal arsenal are significant employers in the Quad Cities.
[23:20] An average property available in the Quad Cities and typical rehabilitation details.
[26:49] This market specialist team manages the property in-house.
[32:09] The competitive local private banking climate in the Quad Cities is beneficial to investors with substantial portfolios.
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