When it comes to managing any business, it’s important that you keep up with every change or trend that comes your way, in order to stay relevant. It’s even better when you’re one or two steps ahead of everyone else. In real estate especially, as an investor, it’s very important to make smart and timely decisions.

In this episode, we welcome back David Monroe, if you want to hear his story get a listen to last week’s episode because this week is all about actionable steps, where we’re really gonna dive into how to identify emerging markets.

[00:01 – 17:40] Identifying emerging markets

• A brief intro for the episode
• Taking a step back
• Start small in your backyard
• Screw up often and early
• Identify what the market looks like early and what it’s going to look like in the future
• David goes over Economic base analysis

[17:41 – 34:03] Determining ideal markets

• Steps to take and factors to consider when determining ideal markets to invest in
• Supply/Demand
• Rent growth
• David’s thoughts on the trends in the RE market with regards to Recession
• David shares his TOP 3 MARKETS

[34:04 – 36:36] Closing Segment

• Connect with David
• See Links Below
• Final Thoughts

Tweetable Quotes:

“Start in your backyard. That’s what you want to do initially because if you’re gonna screw up, you don’t want to screw up where you have no control.” - David Monroe

“Screw up often, screw up early. So that you don’t do it when you get to the bigger properties.” - David Monroe

Resources Mentioned:

• David Monroe, CCIM
• Emerging Real Estate Markets - David Lindahl
• Multi-Family Millions - David Lindahl

Connect with David, visit https://davidmonroeccim.com/ 

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