The Incredible Investment Book by Chuck Salisbury

Author:Chuck Salisbury
Language: eng
Format: epub
Published: 2018-11-09T00:00:00+00:00

Chapter 9

Where Do You Buy?

The Search for a 10% Growth Market.

All successful investments begin with a plan and action steps designed to support your objective. The more time you put in to finding the right investment the more experience you'll get and, like all other things in life, you will get better at finding the right investment opportunities. Making mistakes is part of the process because there is no perfect process or perfect investment. People are different, investments are different and results vary over time because markets shift and what worked yesterday might not work the same next time. So, being adaptive and flexible is important when searching for the right place to invest your money. Realators truthfully say that you make money when you buy and you see the results when you sell. How true.

Looking for a growth area in Real Estate is no different. I will share with you the way I look for undervalued markets so that you can mimic me or use my experience as a resource to add value to whatever you're doing. My initial goals are to locate areas of the U.S. where growth is almost predictable because certain infrastructure investments have already been made. Growth areas are identified by new roads or widening existing ones to handle increased traffic. Usually the growth areas are suburban as an established and aging community finds its citizen looking for better schools, better shopping and newer recreation facilities. Corporate America also searches for urban flight and growth to determine where they are going to expand and build those new Super stores. County governments usually lead the way by identifying urban areas that are primed to grow and fund newly created Redevelopment areas that will include new roads, freeways, industrial parks, schools and master planning to attract major retailers and businesses. In looking for growth that will support my 10% property appreciation objective, I am a follower not a leader. Corporate America and local governments determine what will be and create those growth markets that I seek.

You can find these markets through various ways including reading national publications like Forbes and Fortune that identify growth trends and publish lists of the 10 Hottest Urban growth markets or the best place to retire, etc. Many other publications will identify growth areas. I occasionally receive tips from residents of a local area that tell me about all the activity going on in their community. When you live in a growth area you can't help but know it. You can see and experience the growth. If you don't live in a growth area but want to locate them you can find out where Wal Mart and Kmart are building their new Super Centers or find out where those new building supply houses are locating new stores. Lowes doesn't build large stores to sell building supplies unless there is a need. Using common sense and knowing what to look for will be important in your search for growth markets. The final test for me is an actual visit to the area.

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