David Invest

5 Places to Buy Property That Could Make You Rich in the Next 10 Years

• David (Viacheslav) Davidenko • Season 4

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Ready to discover the hidden gems in the real estate market that could make you wealthy in the next decade? Join us as we explore lucrative investment opportunities with David Davidenko of Sunrise Capital Group. First up, we reveal why Gatlinburg, Tennessee, with its stunning proximity to the Smoky Mountains and attractions like Dollywood, is a hotspot for short-term rentals. With an impressive AirDNA score of 96 out of 100 and average Airbnb properties pulling in around $69,000 annually, it's easy to see why investors are flocking there. But it's not all sunshine and profit—David emphasizes the importance of due diligence and understanding factors like property quality, location, and management.

Shifting gears, we venture into the bustling port city of Savannah, Georgia, where David introduces an unconventional but highly profitable investment: warehouses. With the busiest port in the U.S. and an influx of major companies like Hyundai and Gulfstream, the demand for storage space is booming. Warehouse ownership near this key logistics hub is a savvy play for real estate investors looking to capitalize on global trade dynamics. Tune in to learn more about these exciting opportunities and how to make informed decisions that could set you on the path to financial success in the real estate market.

📰 Read more about this topic in our latest article: https://sunrisecapitalgroup.com/5-places-to-buy-property-that-could-make-you-rich-in-the-next-10-years/

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Disclaimer: The content provided on this channel is intended for educational and informational purposes only and does not constitute investment, financial, or tax advice. We strongly recommend that you consult with qualified professionals before making any financial decisions. Past performance of investments is not indicative of future results. The information presented here is not a solicitation or offer to buy or sell any securities or investments. Our firm may have conflicts of interest, and we do not guarantee the accuracy or timeliness of the content provided. Investing involves risks, and you should carefully consid...

Speaker 1:

Welcome back to the Deep Dive. We're diving into some seriously interesting real estate territory today, looking at five places that could make you rich over the next 10 years.

Speaker 2:

Sounds promising. So where are we headed? What intel are we working with?

Speaker 1:

We've got this fantastic article by David Davidenko. He's with Sunrise Capital Group.

Speaker 2:

Sunrise Capital Group. I already have heard of them. They manage some pretty big properties, right.

Speaker 1:

Yeah, the real deal. He's talking over 7,000 units worth over $600 million.

Speaker 2:

This isn't some fly-by-night operation.

Speaker 1:

Exactly, this is the big leagues, and he's sharing his top picks for investment and we're here to break it all down, analyze his strategies, see if we can uncover a hidden gem or two along the way as well. Love it, let's jump in, all right. So David kicks things off with a spot that might surprise you. He's starting in Gatlinburg, tennessee.

Speaker 2:

Gatlinburg. Ok, I'm intrigued.

Speaker 1:

It's not your typical long term rental play, though. David's all about the short term rental market there, and for good reason. Gatlinburg scored a 96 out of 100 on AirDNA.

Speaker 2:

Ninety six, that's what. Is that like acing your real estate exam, or something?

Speaker 1:

Pretty much.

Speaker 2:

Wow Okay. So what makes Gatlinburg such a short-term rental paradise?

Speaker 1:

Well, think about it. It's the gateway to the Smoky Mountains National Park. You've got Dollywood.

Speaker 2:

Right, right, tons of attractions.

Speaker 1:

Yeah, incredible natural beauty, family fun, and it's all year round.

Speaker 2:

Makes sense. People are flocking there. They need a place to stay and it's all year round Makes sense.

Speaker 1:

People are flocking there. They need a place to stay and a lot of them prefer the comfort and privacy of you know, like an Airbnb or a VRBO oh, absolutely Way more appealing than a cramped hotel room for a lot of travelers, especially families. Right, and that's reflecting in the numbers David mentioned. The average Airbnb property there brings in about $69,000 a year $69,000 a year, $69,000.

Speaker 2:

See, now you're talking my language.

Speaker 1:

Yeah.

Speaker 2:

But I got to ask those are averages, right? You're not saying everyone who buys a cabin in Gatlinburg is going to be rolling in dough?

Speaker 1:

Right, that's the thing about averages.

Speaker 2:

Like what should people be considering?

Speaker 1:

here. Yeah, you can't just buy the first log cabin you see and expect to be making a fortune. You got to remember that income. It's influenced by a bunch of different factors the property itself, location, how well it's managed, even just the seasonality of tourism in a place like that.

Speaker 2:

So due diligence is still key.

Speaker 1:

Absolutely Always, always. Speaking of which, david's next pick, this one might surprise you a little bit. Okay, hit me. We're going to Savannah Georgia.

Speaker 2:

Savannah beautiful city. Okay, I'm picturing those charming historic homes.

Speaker 1:

He's not recommending those.

Speaker 2:

No, he's suggesting warehouses. Warehouses Okay, that doesn't sound as exciting as a beachfront condo, I'll admit.

Speaker 1:

It might not be.

Speaker 2:

But exciting doesn't always equal profitable.

Speaker 1:

That's exactly it. And remember Savannah's port. It's massive, it's massive, it's the busiest in the US.

Speaker 2:

It is a powerhouse All that cargo coming in.

Speaker 1:

All that cargo needs a place to go.

Speaker 2:

And that's where those warehouses come in.

Speaker 1:

Exactly.

Speaker 2:

The unsung heroes of global trade.

Speaker 1:

They really are. And here's the thing Land, especially land near a port, it's a finite resource, so as the shipping activity just explodes, like it is now, that land is only becoming more valuable.

Speaker 2:

And who benefits the warehouse owners? It's all about supply and demand, even in real estate, 100%. So we're talking about riding the wave of global trade here In a way, yeah, and it gets even more interesting.

Speaker 1:

David also points out that Savannah is attracting these huge companies like Hyundai Gulfstream. They're expanding their operations there.

Speaker 2:

That's a brilliant point. It's like a signal to other businesses. Exactly Imagine you're a manufacturer, you need space. You see these big names setting up shop in Savannah. Suddenly that warehouse there doesn't seem so boring anymore.

Speaker 1:

It's like a stamp of approval.

Speaker 2:

Exactly A stamp of approval. So as more companies move in the demand for those warehouses, it's going to skyrocket.

Speaker 1:

Supply and demand baby.

Speaker 2:

There you go. It's like a self-fulfilling prophecy, but in the best way possible.

Speaker 1:

Right, While everyone else is busy chasing those beachfront dreams, the savvy investors they're quietly building wealth with warehouses.

Speaker 2:

I like the sound of that Quietly building wealth. So what's next on David's list? Where are we off to now?

Speaker 1:

All right For our next stop. We're heading to Texas Laredo, texas, to be exact.

Speaker 2:

Laredo. All right, I'm all ears.

Speaker 1:

Yeah, so his reasoning here focuses on the state itself being very as he puts it landlord friendly.

Speaker 2:

Landlord friendly. Ok. For someone who's maybe not a landlord like myself, what does that mean exactly?

Speaker 1:

Right. So basically, Texas is known for its lack of rent control.

Speaker 2:

OK, so landlords have more flexibility.

Speaker 1:

More control over setting their rental rates Exactly, and compared to a lot of other states, texas has some of the most well. So lenient might not be the right word, but they're definitely more landlord friendly eviction laws.

Speaker 2:

OK, so a little bit less regulatory burden.

Speaker 1:

You could say that which you know. For a lot of investors, that can be a big draw.

Speaker 2:

I can see why. So less regulation, more control, gotcha. But why Laredo specifically what makes it stand out?

Speaker 1:

Well Laredo. It's a major player in the trade game as well. It actually holds the title of the busiest inland port in the entire US Over $300 billion in trade flowing through every year $300 billion.

Speaker 2:

That's a staggering amount of money. Okay, so we've got favorable laws for landlords and a booming trade industry.

Speaker 1:

Right, and on top of that they have this really unique program. It's called a Neighborhood Empowerment Zone.

Speaker 2:

Neighborhood Empowerment Zone. That's a new one.

Speaker 1:

Yeah, it's pretty interesting. It's designed to revitalize certain parts of the city. They offer incentives to developers who are willing to invest in those specific neighborhoods. So we're talking tax breaks, grants, even just expedited permitting processes.

Speaker 2:

So it's like a win-win you get to potentially make a profit and you're contributing to the revitalization of a community.

Speaker 1:

Exactly.

Speaker 2:

I like it All right. So Laredo sounds like a place where smart investors can really find that sweet spot right Landlord-friendly environment and these unique programs that are designed to really encourage growth and change.

Speaker 1:

Yeah, it's definitely a place to keep an eye on.

Speaker 2:

All right On to the next one. Where are we headed now?

Speaker 1:

All right. Moving on from bustling ports and landlord-friendly landscapes, david takes us to Huntsville, alabama, huntsville. He is bullish on. Huntsville, says it's bursting at the seams with growth.

Speaker 2:

And you know what they say about a rising tide.

Speaker 1:

Lifts all boats.

Speaker 2:

Especially those carrying well-researched real estate investments.

Speaker 1:

Exactly, and Huntsville has been experiencing really a surge in demand for single-family homes. What's driving that demand Got to be something big, right, it's huge. Their aerospace and defense industries are booming. We're talking like NASA, boeing, lockheed Martin They've all got a big presence there.

Speaker 2:

Wow, that's not just any growth. That's the kind fueled by, like high paying, stable jobs and people with good jobs. They buy houses.

Speaker 1:

They buy houses. And David ever, the strategist. He suggests looking beyond the city center for properties. He recommends exploring locations within, say, a 45 minute radius to capitalize on affordability.

Speaker 2:

Interesting, so kind of like. Those areas might be a bit sleepy now, but as that city keeps growing, they're going to be the next hot spots.

Speaker 1:

It's about staying ahead of the curve, spotting those future suburbs.

Speaker 2:

Exactly. But of course it's not just about picking a spot on the map and hoping for the best. You've got to do your research. Look at the infrastructure, the schools, all those amenities that really attract families and drive up those property values.

Speaker 1:

It's like being a real estate detective you got to piece together all the clues.

Speaker 2:

I like it Speaking of long-term thinking. David's final pick takes us to Salt Lake City, utah.

Speaker 1:

Salt Lake City.

Speaker 2:

Okay, that one. I wouldn't have necessarily thought of what's his angle there.

Speaker 1:

He's focusing on a major and I mean major demographic trend the aging population. Utah, Salt Lake City, in particular, is projected to see its senior population double by 2060. Double, Double, Wow that's huge.

Speaker 2:

It's massive. And as that generation enters retirement, they're going to need specialized housing. You know assisted living facilities, retirement communities, properties that are designed to accommodate, you know, the needs of an older population.

Speaker 1:

OK. So instead of chasing the latest trendy neighborhood, he's looking at a demographic wave that you can't ignore.

Speaker 2:

Exactly.

Speaker 1:

That's smart, and what I find really interesting about this is that it's not unique to Salt Lake City.

Speaker 2:

Right.

Speaker 1:

There's a lot of cities that are going to see their populations age, so why Salt Lake City?

Speaker 2:

That's a great question, but certain factors make some locations more appealing for this kind of investment, and Salt Lake City has a few things going for it. I mean it has a relatively affordable cost of living, especially compared to like Los Angeles or New York.

Speaker 1:

Yeah, true.

Speaker 2:

Which is a big draw for retirees on fixed incomes. Absolutely.

Speaker 1:

And then you've got the lifestyle Salt Lake City stunning natural beauty, strong sense of community, plenty of activities for active seniors.

Speaker 2:

Yeah, it's not just about finding a place to live out your golden years. It's about finding a place to thrive.

Speaker 1:

And that's what makes this investment strategy so compelling. I think You're not just betting on bricks and mortar. You're betting on a lifestyle.

Speaker 2:

And a demographic shift that's already in motion.

Speaker 1:

Right, okay, so we've covered a lot of ground, from bustling ports to booming suburbs to senior friendly Haydens Seems like there's no shortage of potential real estate gold opportunity out there for every kind of investor.

Speaker 2:

You just got to find the right angle. Absolutely, it's all about aligning your investment strategy with your goals, your risk tolerance, your personality, even.

Speaker 1:

Oh, 100%. I love that.

Speaker 2:

Yeah.

Speaker 1:

So let's recap a little bit here. Let's say you're listening to this and you're really drawn to the idea of owning a vacation property. Maybe you're not afraid of a little hands-on management. Gatlinburg's short-term rental market could be a great fit.

Speaker 2:

Right, or maybe you're someone who's really drawn to that fast-paced world of logistics. You know global trade. Savannah's warehouses could be more your speed.

Speaker 1:

Right, and if you're someone who prefers a more hands-off approach, you're playing the long game. Salt Lake City, with its focus on senior living could be the ticket Exactly.

Speaker 2:

And it all really comes down to, I think, finding what resonates with you, what gets you excited, but then doing your due diligence and never stopping learning, Because this world, real estate, it's constantly evolving.

Speaker 1:

You've got to stay ahead of the curve. Couldn't agree more, and I thought this was great advice from David. He emphasized the importance of going beyond the numbers. He's a big believer in visiting these places yourself, talking to the locals, getting a real feel for the market firsthand.

Speaker 2:

Oh, he's 100% right. Data is crucial, don't get me wrong, but there's no substitute for experiencing a place for yourself. Talking to the people who live there, work there. You get that gut feeling, that insider perspective. It's something you just you can't find in a spreadsheet.

Speaker 1:

It's invaluable. So, as we wrap up our deep dive today, we want to leave you with this Imagine you're hopping on a plane. Tomorrow You're ready to explore one of these cities. What would you ask the locals? What questions would give you that gut feeling, that insider perspective that we're talking about, something that you can't get from just reading articles and crunching?

Speaker 2:

numbers? It's a question worth pondering for sure, because, at the end of the day, successful real estate investing it's not just about understanding properties, it's about understanding people.

Speaker 1:

And on that note, we'll leave you to your research. Thanks for joining us on this deep dive into the exciting world of real estate.

Speaker 2:

Thanks for having me.

Speaker 1:

Until next time, happy investing.

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David (Viacheslav) Davidenko

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