Welcome to "Wealth Within Reach," the podcast where we redefine the path to prosperity and inspire you to seize the opportunities that can transform your life. I'm your host, Erika Brown, a real estate investor, homeschool mom, and serial entrepreneur, and I'm thrilled to guide you on a journey towards financial empowerment.
This podcast is a call to reconsider your approach to wealth-building and a reminder that prosperity is not an elusive dream—it's well within your reach. I'm here to empower you, challenge your mindset, and provide the tools you need to shape a future of abundance. So join me on the Wealth Within Reach podcast - where your journey to financial success begins now!
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Welcome to "Wealth Within Reach," the podcast where we redefine the path to prosperity and inspire you to seize the opportunities that can transform your life. I'm your host, Erika Brown, a real estate investor, homeschool mom, and serial entrepreneur, and I'm thrilled to guide you on a journey towards financial empowerment.
This podcast is a call to reconsider your approach to wealth-building and a reminder that prosperity is not an elusive dream—it's well within your reach. I'm here to empower you, challenge your mindset, and provide the tools you need to shape a future of abundance. So join me on the Wealth Within Reach podcast - where your journey to financial success begins now!
57: How to Know Which Cities Fit Your Investment Style
Wealth Within Reach
15 minutes
5 months ago
57: How to Know Which Cities Fit Your Investment Style
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Today, we’re breaking down one of the biggest pain points for aspiring real estate investors: how to choose the right market. Whether you’re overwhelmed with options or unsure of how to align your investment location with your financial goals, I walk you through exactly what to consider—starting with the difference between being a cash flow investor and an appreciation investor. With clarity as the ultimate key to action, I share how your strategy, down payment, market conditions, and even your ability to build a solid local team all play a role in determining where you should invest.
We also dive into how job growth, economic diversity, and housing inventory affect long-term rental success—and why some cities look great on paper but don’t match your goals. Using real-life examples, I show how community and mentorship can save you from costly mistakes, help you pivot when your plan isn’t working, and build wealth on your own terms.
KEY POINTS:
- The importance of clarity in real estate investing
- On choosing the right market as an investor
- Definition of an appreciation investor
- Definition of a cash flow investor
- Impact of investment goal and market selection misalignment
- The vital role of available down payment in market selection
- Examples of higher-priced markets and lower-priced markets
- Understanding the market's price range and rental income potential
- Research and its importance in local job market and industry trends
- The pivotal role of having a solid team in investment success
- The value of being part of a community and having a mentor
QUOTES:
“Clarity creates action.” – Erika Brown
“If you're looking for cash flow, look at the markets that have endless inventory.” – Erika Brown
“The support of a community and mentor can help in navigating the investment process and achieving investment goals.” – Erika Brown
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RESOURCES:
Erika Brown
IG: @erikabrowninvestor
LinkedIn: @erika brown
Wealth Within Reach is produced by EPYC Media Network
Wealth Within Reach
Welcome to "Wealth Within Reach," the podcast where we redefine the path to prosperity and inspire you to seize the opportunities that can transform your life. I'm your host, Erika Brown, a real estate investor, homeschool mom, and serial entrepreneur, and I'm thrilled to guide you on a journey towards financial empowerment.
This podcast is a call to reconsider your approach to wealth-building and a reminder that prosperity is not an elusive dream—it's well within your reach. I'm here to empower you, challenge your mindset, and provide the tools you need to shape a future of abundance. So join me on the Wealth Within Reach podcast - where your journey to financial success begins now!