Edified Equity Podcast Episode 32: Going Granular - Undervalued & Under the Radar Markets

Show Notes:

Welcome to the Edified Equity Podcast!

My Name’s Dino and Here we will focus on all of the unique Benefits associated with being a Passive Equity Investor in an Apartment Syndication.

You can learn more about us on the Web, iTunes, Stitcher, FB, YouTube, & our Award Winning Blog on Bigger Pockets. All associated links will be in the show notes.

Associated Links!

Edified Equity Website:

http://www.edifiedequity.com/

Edified Equity Podcast iTunes:

https://itunes.apple.com/us/podcast/dino-pierce/id1381283719?mt=2

Edified Equity Podcast Stitcher:

http://www.stitcher.com/s?fid=185852&refid=stpr

Edified Equity Facebook Group:

https://www.facebook.com/groups/MultifamilyPassiveCashFlow//

Edified Equity YouTube Channel:

https://www.youtube.com/channel/UCiTMeHhVXIMgCujDzXTxkww

Bigger Pockets Blog:

https://www.biggerpockets.com/blogs/10726-benefits-multifamily-passive-investors

Edified Equity Podcast Episode 32: Going Granular: Undervalued & Under the Radar Markets

Today I want to take a few minutes to talk about emerging markets that may be undervalued and under the radar. This is exactly what you want when scouting and underwriting potential deals.

Now don’t get me wrong you should always stick to your conservative stress test underwriting and deal criteria mandates. For example, never underwrite for the poised boom to occur – the deal must work in a steady market. On the deal mandate side - we don’t look at any areas that have less than 250,000 people in the MSA, we like 50+ Doors and 100+ is preferable (Pro, Best in Class, 3rd party management), only buy B & C Class Cash Flowing, workforce housing, with a Value-Add &/or Upside play, & we have targeted equity partner returns to meet – in other words, we want an undervalued mismanaged asset that is in an under the radar (yet) emerging market that will allow us to create massive value and force appreciation within 1-3 years.

Having said all that - there can be areas of the country that are going to be HOT but they’re NOT making national news. So don’t turn away from a market that’s not on everyone’s radar. This is what you WANT!

We’re investors we’re NOT gamblers there’s a method to this. So… How do you know where to go and how do you get there, before the herd arrives, while the price per door works & institutional money hasn’t shown interest yet?

Go granular at the local level. Ask the chamber of commerce and the city planners office what’s going on, what’s been approved vs. speculation, how many millions, or billions, are coming into to the area and from what companies. What will this do for jobs and the economy? Will this make people want to relocate and live in the area?

The key is to buy in the “Next Austin” before Austin becomes The Austin it is today!

If you can get into the right place, at the right time (Before the BOOM), at the right (undervalued) price… when the Boomtown appreciation occurs, in the next 3 to 5 years, everyone is going to be happy! Go Granular and get in ahead for the curve - and the herd!

I hope you found this information helpful. Whether you are here for the education, entertainment, or If you, or someone you know, has a problem finding the right place to invest their money - please help them by sharing this info.

I don’t have anything to sell BUT I AM on a mission and I will be delivering quality consultative content on a routine basis!

Thanks for Tuning in-

Make it a great day - you certainly deserve it!

To Your Wealth,

Dino Pierce

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