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    Behind The Shine | 2/11/2022

    Behind The Shine 2/11/2022

    A topic that’s been on my mind has been generating more passive income. With these Top 3 Ways To Make Passive Income, you’ll learn about my favorite strategies for investing in real estate right now. It’ll take foresight to see where the demand is for each of these strategies and require the creative ability to execute on that plan, but really anyone can do it. I’d love to hear what your favorite strategy is by leaving me a comment on YouTube!

    You may or may not have heard me mention on the podcast, but I’ve been training in Brazilian Jiu-Jitsu 2 to 3 times a week.

    Why do I like BJJ?  Well, it’s a lot different than your typical “go to the gym and bust out a ton of bench press reps.” BJJ is not about exacting brute force upon your opponent. Instead, I’ve learned that BJJ is about developing many different skills and abilities.

    BJJ can teach you to develop things like patience, agility, and problem solving skills. It forces me to be intentional about what I’m doing and how I approach it. I often have to learn to improvise or think under pressure when I’m trying to escape or defeat an opponent.  It’s always challenging and helps me to build more confidence each time.

    Not to mention, it’s pretty fun when I get to spar against Brandon Turner. If you haven’t given it a chance, I’d highly suggest you start looking into BJJ some more and give it a shot!

    When I’m strategizing where to invest next, I always start with a broad location (like an entire state). Usually I’ll only have to focus on one set of laws and one type of climate with this approach, making it much easier to narrow down.

    I’ll look at a few key questions:

    • Where are people moving? Which states are having people migrate in?
    • What type of people are moving? Are these people moving from high cost of living states?
    • Are jobs moving there? Is there growth in the job market?
    • What type of jobs are moving there? Are these jobs with high wages like tech or jobs with lower wages?
    • What housing supply is there currently? Is there a lot of land to build outward or will there be an increase in demand on landlocked areas?

    Once I answer all of these questions about a broad area, I have a better idea if this could be a potential market to invest in. If a market passes this first test, I continue to narrow down my criteria to more precise markets. Next week, I’ll share my next step for continuing to analyze a potential market!

    I really enjoyed talking with Ivy Zelman, on BiggerPockets Episode 568, about some “yellow flags” she’s seeing in the market. Ivy accurately predicted the housing market crash in 2007 and describes the signs she’s watching today with overall inventory and new construction.

    We discussed how Ivy is paying close to attention to the following things that may affect the market in the near future:

    • population growth
    • migration within the U.S.
    • concentration of booming new builds in specific markets
    • crowdfunding and institutional investors

    I highly recommend you listen to the whole episode to get a better picture of where the market is at currently and where it may be headed.

    One of my favorite books of all time is Extreme Ownership by Jocko Willink. If you know me, you know that I’m a huge Jocko fan. This is a book I try to read at least once a year, and I always learn something new every time I read it. Highly recommend it!

    My team helped our wonderful clients, Arcy and Mai, purchase a dream duplex in SoCal! We share all about how they were able to find their perfect property in a competitive market! Check out their story here.

    If you’re interested in working with the David Greene Team on purchasing your next investment reach out here!

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