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Speaker 1: Earners.

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Speaker 2: What's up. You ever walk into a small business and

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Speaker 2: everything just works like The checkout is fast, the receipts

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Speaker 2: This episode is brought to you by P and C Bank,

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Speaker 2: a lot of people think podcasts about work are boring,

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Speaker 2: and sure, they definitely can be, but understanding of professional's

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Speaker 2: routine shows us how they achieve their success little by little,

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Speaker 2: day after day. It's like banking with P and C Bank.

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Speaker 2: It might seem boring to save, plan and make calculated

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Speaker 2: decisions with your bank, but keeping your money boring is

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Speaker 2: what helps you live or more happily fulfilled life. P

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Speaker 2: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 2: National Association Member FDIC.

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Speaker 3: I'm interested now in twenty twenty four, what's on your

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Speaker 3: watch list now? As far as real estate investing? What

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Speaker 3: do you think of good place is to invest in?

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Speaker 1: Well? I like Boston because it's I like I like markets,

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Speaker 1: and I think this is important for people when they

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Speaker 1: think about investments. What you want to be is in

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Speaker 1: markets where there's supply constrained, there are multiple demand generators,

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Speaker 1: meaning there's buyers, renters, you know, et cetera. In those

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Speaker 1: markets that the job based is and the employment opportunities

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Speaker 1: are more broad and and so you look in places

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Speaker 1: like Boston. Good infrastructure, high areas to entry, good you know,

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Speaker 1: strong educational environment and a growing population. I like New

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Speaker 1: York because I think it's opportunistic. I think New York

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Speaker 1: is down big time. It'll go down a bit more,

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Speaker 1: but it's now beginning to be a time to buy.

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Speaker 1: And in real estate, my view is that you make

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Speaker 1: your money on the buy when you buy it, you

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Speaker 1: make a good decision to buy it, and then you

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Speaker 1: realize your profit when you sell it. But right now

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Speaker 1: and in New York, you can buy properties that are

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Speaker 1: like office buildings of retail. You can buy them at

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Speaker 1: forty cents forty percent off and and so in those

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Speaker 1: kinds of circumstances, all you have to do is make

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Speaker 1: an investment, and then as a market stabilizes and recovers,

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Speaker 1: then you are going to be up a significant amount. Washington,

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Speaker 1: DC down office buildings and residential or down big time.

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Speaker 1: But office buildings are down fifty percent. So I like

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Speaker 1: that because there's a lot of upsides, and nations capitals

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Speaker 1: the most powerful nations in the world. It was not

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Speaker 1: going to fail, and if it did, then money won't

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Speaker 1: be worth anything anyway. And then you start looking at Atlanta.

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Speaker 1: I mean, Atlanta is a great city, always has been.

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Speaker 1: It's a global city. It's there, it's at the number

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Speaker 1: one filming location outside of Hollywood, and so it is

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Speaker 1: dominating in that space and will continue to do that.

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Speaker 1: You've got great, you know, wealth rating opportunities, it's a

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Speaker 1: diverse economy, and you have amongst the most affluent African

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Speaker 1: Americans in the country. So we like Atlanta. We think

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Speaker 1: there's a lot of runway there. And then Charlotte, North Carolina,

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Speaker 1: always underrated. It's kind of a combination of Atlanta, New

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Speaker 1: York d C. Second, it's now the second largest banking

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Speaker 1: capital of the world, of the country, rather New York's

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Speaker 1: number one. San Francisco has always been number two, but

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Speaker 1: because of its problems, the industry has moved out. Charlotte's

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Speaker 1: now the number two banking center. Diverse community, led by

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Speaker 1: a black mayor, chairperson of the County Commission, African American man,

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Speaker 1: and our pro business and pro economic inclusion, and there's

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Speaker 1: lots of opportunities here. It's a very rapidly growing city.

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Speaker 1: So I like Charlotte. And then Miami in South Florida

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Speaker 1: on fire. Miami's on fire. I think Miami's got to

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Speaker 1: run because it's a It's building itself into the global

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Speaker 1: center of a country, and at some point it'll be

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Speaker 1: what New York was in its heyday. And then I

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Speaker 1: think that San Francisco in La present tremendous buying opportunities

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Speaker 1: because it's severely depressed and you don't have to build.

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Speaker 1: You just can buy, invest and hold and then realize

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Speaker 1: profits as things turn around, and they will turn around.

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Speaker 1: So those are the markets that we like the most.

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Speaker 1: And I like Texas. I do like Texas.

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Speaker 3: Let me ask you this about Miami, even for my

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Speaker 3: own personal knowledge base, would you think that right now

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Speaker 3: is a good time because it's just prices are just

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Speaker 3: going up, right, everybody's paying over asking Like, let's say

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Speaker 3: I was looking to buy a place in Miami right now.

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Speaker 3: Should I wait for a correction or buy even though

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Speaker 3: it's overpriced because it's still going to just continue to

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Speaker 3: go up.

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Speaker 1: I don't think you see much of a correction in Miami.

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Speaker 1: I think what you'll see is a slowdown in Miami.

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Speaker 1: It would take a global financial crisis that to depress Miami. Now,

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Speaker 1: Miami's got so much wind in its sales right now

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Speaker 1: and it is desirable for it's got great fundamentals, good

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Speaker 1: quality of life, but no state income tax, very pro

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Speaker 1: business environment, multicultural, so it's got a lot going for it.

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Speaker 1: So the way you invest in Miami is you look

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Speaker 1: for anomalies. So for example, Miami Beach. We're studying this

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Speaker 1: right now. So Miami Beach, Miami Beach is before the pandemic,

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Speaker 1: Miami Northeasterners would look at Miami as a vacation location,

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Speaker 1: so you'd have a second home week and home, come

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Speaker 1: down and spend the weekn in Miami and go back

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Speaker 1: up to New York and work and earn your money.

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Speaker 1: So being on the ocean was the most important thing.

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Speaker 1: So today in the marketplace, it would not be unusual

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Speaker 1: to have an ocean front condo selling for three thousand

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Speaker 1: dollars a square foot. Across the street on the inner

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Speaker 1: coastal you could find something that was selling for five

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Speaker 1: hundred dollars a square foot and that so, yeah, the

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Speaker 1: ocean's worth more, but is it worth six times? No,

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Speaker 1: maybe it's worth three times. So there's runway there. And

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Speaker 1: then also this market in Miami pays an absurd premium

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Speaker 1: for new unlike say DC or New York or Boston.

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Speaker 1: Older buildings are normal thing. They don't depreciate because the

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Speaker 1: cost to build new goes up. But then there's not

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Speaker 1: this big premium In Miami. There is, so a new

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Speaker 1: building could sell for three thousand, for example. Now new

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Speaker 1: buildings are selling for forty five hundred of square foot

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Speaker 1: or more. On the ocean in Miami Beach, you can

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Speaker 1: find a building that was built in two thousand and

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Speaker 1: five and it could sell for two thousand dollars a

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Speaker 1: square foot. So same ocean, same views. The building built

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Speaker 1: in two thousand and five is in excellent condition. And

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Speaker 1: yet and somebody's going to pay two and a half

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Speaker 1: times more to be in the new building, which three

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Speaker 1: years from now will be treated just like the two

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Speaker 1: thousand and five buildings. So those anomalies is how you

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Speaker 1: buy in Miami. And then the other thing you can

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Speaker 1: do is you can look at locations, emerging locations at

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Speaker 1: a butt more hot location. So you know, if you're

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Speaker 1: looking at Wynnwood or the Design District or Midtown, you

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Speaker 1: just go a little bit further west, and I think

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Speaker 1: there's opportunity there, and it's tremendous opportunity. An historically black

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Speaker 1: community called Overtown, which is where you know. Sammy Davis

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Speaker 1: Junior when he was performing a Miami Beach had to

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Speaker 1: stay where Muhammad Ali when he beached Sunny Liston for

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Speaker 1: the championship, he had to stay in Overtown because it

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Speaker 1: was of segregation. That community is severely undervalued and there's

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Speaker 1: opportunity there too.

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Speaker 2: I'm convincecding coming to Florida.

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Speaker 1: You confess me.

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Speaker 4: An illegal alien from Guatemala charged with raping a child

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Speaker 4: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 4: accused of murdering a Texas man of Venezuelan charged with

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Speaker 4: filming and selling child pornography in Michigan. These are just

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Speaker 4: some of the heinous migrant criminals caught because of President

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Speaker 4: Donald J. Trump's leadership. I'm Christy Noman, the United States

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Speaker 4: Secretary of Homeland Security. Under President Trump, Attempted illegal border

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Speaker 4: crossings are at the lowest levels ever recorded, and over

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Speaker 4: one hundred thousand illegal aliens have been arrested. If you

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Speaker 4: are here illegally, your next you will be fined nearly

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Speaker 4: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 4: never return. But if you register using our CBP home

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Speaker 4: app and leave now. You could be allowed to return legally.

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Speaker 4: Do what's right. Leave now. Under President Trump America's laws,

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Speaker 4: border and families will be protected.

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Speaker 1: Sponsored by the United States Department of Homeland Security,