2 Real Estate Markets Where Renters Are Running To

Episode #817

Find an Investor-Friendly Agent in Your Area:

Small multifamily properties are one of the EASIEST ways to get into real estate investing. But, your market may be a little too pricey or lack the supply for you to invest in these “slam dunk” deals. So, where do you go? We’ve got two elite agents from the South and Midwest that can help YOU get your next killer deal in metro areas that are seeing STRONG demand, renter growth, and rising rents.

To tell us about Chicago, the “we don’t actually love deep dish” city, is Dan Nelson. Dan was recently able to access a “private listing” that was severely underpriced. He brought this deal to a rookie client of his, who ended up making a MASSIVE amount of equity on closing. We’ll also chat with Jodi Gauthier, a Houston-based agent who secured a very lucrative seller-financed deal for her client, who couldn’t get a mortgage anywhere else.

You might think these deals are too good to be true, ESPECIALLY in 2023’s housing market. But, we’re here to prove that as long as you’re in the right market, running the right numbers, with the right agent, you too can lock down these “slam dunk” small multifamily deals.

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00:00 Intro

02:23 Quick Tip

02:41 Meet the Agents

04:12 Chicago

09:27 Houston

14:51 No Cash Flow? What to Do

21:06 Seller-Financed Short-Term Rental

29:13 The "Drywall" Duplex

38:15 Average Agents WON'T Get Deals

43:11 Connect with Dan and Jodi!

[Zachdpate]

These small multifamily opportunities are EVERYWHERE in the Midwest. I picked up 24 doors of small multifamily in Indiana last year that all cashflow great.

[jillyanmacmorris]

Dan was my agent in Chicagoland! He has been a mentor and advocate to me as a young investor. We had a celebration and his teammate brought me a pie when I purchased my first investment unit! Love Dan and his team!

[jbsc]

Dan helped me close a cash flowing 4 unit in Humboldt park with a couple friends. He’s been super helpful throughout the whole process. Great guy!

[DanKohan]

I really enjoyed the video about Chicago and Houston's real estate markets! Both cities seem like good places to invest in real estate, depending on your goals. It's essential to adjust your strategy based on what's happening in each market. Your insights are helpful for people thinking about investing in these places!

[asiv]

Great show as always. Wondering if you have any plans on doing a similar show for the Southeast area? Jacksonville, St. Augustine, and Savannah areas.

[emmanuelrojas]

Can you do these same analysis on properties on Long Island, NY where it seems everything negative cash flows?

[kanaka_haole_]

In Some high price points like Hawaii, you won’t cash flow in year 1 on long term rentals until you increase the Downpayment to 50% or more 🤷🏻‍♀️ but with a historic 5% appreciation per year & considering that we are at the high interest rate portion of the market cycle…. That’s really not that bad

[danielhenkins]

Investing in Chicago is laughable when you look at how the City and surrounding areas are governed, not to mention the homicide and crime rates. all the while the Democrats continue to double down on failed policies across the board. Sure there might be some opportunities to be had but I'd rather not invest my hard-earned money on areas where people cannot live quality lives.

[skyversonset]

I VE BEEN LOOKING FOR HOUSES AND I HAVE FOUND THREE THAT SEEM PROFITABLE.. my question is can I invest in those houses can I buy them having no money down using loans

[dennisrepetitonmiskowski]

Situation I like her philosophy of persevariance

[Bradtaylorphotographic]

Texas has a favorable tax advantage?? They have some of the highest property tax rates in the country!! Good luck finding cashflow!

[armandgalleon]

Rental properties is already overhype. Is it still worth it to buy rental properties ???

[countrysister]

This guy is cool but such a salesman. If Chicago is so perfectly great why so many distressed properties? STR's are great - but you have to live in it 😂. TBMT I'll stay in Texas

[Freshprankstv]

“Chicago has the top restaurants and architecture in the USA”. Also the top crime? Lol hey u can’t have it all