Real Estate emerging markets: the fast way to instant wealth
When you need to make money fast in real estate you have to apply an old rule which says get in early, make your purchases and get out fast at the top of the wave. The 'wave' in this case is the inevitable flood of bandwagon hoppers and supply and demand seekers who follow each trend.
The trick, of course is to be able to identify the trend correctly and here size really does matter. When you are looking for areas where real estate is about to take off, even if the surrounding ones are economically depressed, you are looking for large, open spaces which are fairly near major population centres but still allow access to the countryside.
The rationale here is pretty straightforward: emerging real estate markets are created out of existing, established population centres which are mature enough to create an outward expansion towards the countryside while remaining, still, fairly close to the urban surroundings.
As a real estate investor who's been in the business long enough to have honed his instincts I have developed something of a feel for areas which are about to undergo development, which gives me an edge over my rivals. Instinct, however, in order to function still requires some information and I have never invested into a market for which I did not have sufficient facts to make an educated judgement about.
I know this is about the point where you ask: "What facts do you have? What facts do you need?" and "how do you get these facts?" so I am about to tell you. Fact 1 you need a large population centre surrounded by prime real estate land. You can use your own experience, trends and a good map to scout a few.
Fact 2 you need to find out how the local economy is doing. Traditionally low unemployment and a robust appearance by large corporations and/or national employers signals that the area is maturing and about to undergo explosive growth.
Fact 3 you need to know what the local government is doing (information about which you can obtain easily). Armed with these three facts you can then begin to see if the information you have obtained corroborates your instinct about the emerging real estate market you are thinking of getting into. If it does all's well, but if it doesn't then it's time to move onto the next large area in your list.
The trick, of course is to be able to identify the trend correctly and here size really does matter. When you are looking for areas where real estate is about to take off, even if the surrounding ones are economically depressed, you are looking for large, open spaces which are fairly near major population centres but still allow access to the countryside.
The rationale here is pretty straightforward: emerging real estate markets are created out of existing, established population centres which are mature enough to create an outward expansion towards the countryside while remaining, still, fairly close to the urban surroundings.
As a real estate investor who's been in the business long enough to have honed his instincts I have developed something of a feel for areas which are about to undergo development, which gives me an edge over my rivals. Instinct, however, in order to function still requires some information and I have never invested into a market for which I did not have sufficient facts to make an educated judgement about.
I know this is about the point where you ask: "What facts do you have? What facts do you need?" and "how do you get these facts?" so I am about to tell you. Fact 1 you need a large population centre surrounded by prime real estate land. You can use your own experience, trends and a good map to scout a few.
Fact 2 you need to find out how the local economy is doing. Traditionally low unemployment and a robust appearance by large corporations and/or national employers signals that the area is maturing and about to undergo explosive growth.
Fact 3 you need to know what the local government is doing (information about which you can obtain easily). Armed with these three facts you can then begin to see if the information you have obtained corroborates your instinct about the emerging real estate market you are thinking of getting into. If it does all's well, but if it doesn't then it's time to move onto the next large area in your list.
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