"The market is more important than the property."
― Ken McElroy.
They say the top three rules of real estate investing are:
Where you buy is more important than what you buy! A mediocre property in a strong market is going to do well. A beautiful property in a bad market is likely to lose money.
PS. Do you want more information on this? I have a Free Live Training that gives you the 7 Factors of a Money-Making Property Market.
Since last year when Amazon announced it was searching for a second city to house its new headquarters, investors have been anxiously waiting to hear where they would choose.
Check out my previous post >>> Amazon Announced its 20 Finalists for HQ2 and Why You Should Care
This week Amazon announced its final decision and there was not one, but two winners: Long Island City in Queens, New York City and Crystal City, Virginia (Northern Virginia city in the Washington, DC suburbs).
As I discussed in January on the blog, Amazon is a game changing prize. It's bringing 25,000 new jobs to each city (at an average salary of $100K per position - that's $2.5 Billion injection per year per city) PLUS a combined total of $5 Billion in new capital expenditures to these areas.
And it’s not just what Amazon itself will do… there will be all sorts of secondary and tertiary businesses that will blossom to support this gigantic new...