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Episodes
Tuesday May 10, 2016
Tuesday May 10, 2016
Here's a past highlight from one of our Guests. Find their full interview at www.ExitCoachRadio.com -- just click "Audio Library" in the "LISTEN" section and enter their name to hear all of their past interviews!
Scott Tamkin of NEST Realtors at John Aaroe Group discusses the current outlook for Income Properties.
Transcript:
Bill: A lot of people are nervous about stocks and bonds these days, what's the outlook for income real estate? We asked real estate expert, Scott Tamkin.
Scott: I'm a firm believer that income property will grow wealth over time, and there are parts of Los Angeles where income property is still affordable. The west side of LA doesn't make a whole lot of sense, but there are parts of LA where there are still opportunities, and I firmly believe that, particularly in some of the outlying areas, that gentrification will continue and people will want to rent in those areas, particularly as public transportation expands. People have some extra money, they're looking to invest in income property, I would say a good strategy might be to join up with others who are doing the same. There are some crowdfunding sites that offer some opportunities to do that, but I would be careful just jumping in. Talk to an expert and multi-family business, I think over time it will prove to be lucrative.
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