Australians are becoming wealthier – and it’s thanks to property
Wealth per capita is now sitting at a record high of $522,032, thanks to record-high property prices. ...
March has been quite a month! I just arrived in Montana, where the temperatures are freezing and the wind is blustery, and continue to find myself awed by the extremely low vacancy rate here.
Blogger: Jason Simpson, Cash Flow Gold
Fortunately though, I was able to find a room at a very average motel, because I definitely didn’t want to be out in the ice-cold winds blowing off the open plains. No thank you, I’ll stay indoors.
Once I got settled in my room, I wandered over to the motel lobby, where I happened to see the motel manager. I asked him what the current occupancy rate was, and he informed me that most nights he ran at 100%. He also mentioned that the majority of his tenants are employed with oil companies, who freely pay $130 per night, with no discounts, and best of all, they stayed long term. Now, I’ve asked many motel managers this same question in the past, but they’ve usually been very tight-lipped because of their closed contracts with various oil companies. So I felt very grateful.
Long story short, I got in at $120 a night (lucky me). But you’re thinking, “So what?” I’ll tell you.
If you haven’t heard about the construction boom around the Bakken Formation in Williston, North Dakota, allow me to put things into perspective. Where I’m located, Sidney, Montana, is more than an hour’s drive to where most of these employees work every day. This means that oil companies are paying an average of $130 per night, for lodging that is:
1. Far from the job site
2. Nothing special to look at
3. In extremely high demand
4. Commanding top dollar
In fact, the motel manager let me know that the demand for lodging has increased so exponentially that he can’t keep up with it. He advised they’re opening an additional 30 rooms over the next few months, and expect them to immediately be booked.
So, what’s all this mean? It means:
Boom Boom! It's all happening in the Bakken!
But seriously, if you’re in the market for investment real estate, you would be crazy not to consider property in the Bakken Formation. However, the high demand has created a tough marketplace, and you need someone with experience and know-how that can get things done. This is where we come in.
Here at Cash Flow Gold, we’re here to help you invest in high-yield real estate projects located in the United States. We help you make informed decisions, whether you’re a first time buyer or a seasoned pro.
We’ll show you how easy it can be.
About Jason Simpson
I started my back journey back in 2007 when I became very clear for me that there had to be more to life than going around in circles not getting anywhere. Regardless of what I earned form the 9 to 5 I always seem to spend it just as fast as it came in! I started reading a few books to get the knowledge I needed to break this cycle and purchased my first two homes in the USA for cash flow.
It was a disaster I quickly learned the term flipping and how rife it was through Australian resellers, I guess I was lucky I only lost 60k (donated the homes to charity) but more importantly after that experience and a lot more investigating I saw that there was a spot in the US property market to assist investors the right way and help them avoid the scams and flipped properties by buying direct from the Banks.
I stared Cash Flow Gold which has taken me into full time employment assisting investors from around the world to gain the maximum from their purchase. I now directly employ 6 staff here in Australia primarily in customer support and indirectly 40 personal across seven states in America.