3 Reasons Why A Real Estate Investor Needs to Look for Cities or Towns That Create Jobs.

Imagine for a moment where we would be without jobs? If you are a real estate investor, is that a location where you’d want to invest? Is that a location where you’d want to build? Is that a location where you’d want to live?

According to LinkedIn Workforce Report May 2018, “Hiring rose 20% in the Miami-Ft. Lauderdale area last month from a year earlier.” I love to hear this type of positive news, not only for my South Florida (Miami-Ft. Lauderdale-West Palm Beach) area, not only for my commercial real estate development and construction industry and not only for my growth in building multi-family, offices or whatever I’m building, but for everyone – for every single American. In summary, it means that we’re producing more and our nation is getting wealthier!

Great news! Hiring is strong and stable in most all of the 20 largest U.S. metro areas!

Here are a few more of my takeaways from the LinkedIn Workforce Report:

1. Great news! Hiring is strong and stable in most all of the 20 largest U.S. metro areas! Atlanta, Austin, Boston, Chicago, Cleveland-Akron, Dallas-Ft. Worth, Denver, Detroit, Houston, Los Angeles, Miami-Ft. Lauderdale, Minneapolis-St. Paul, Nashville, New York City, Philadelphia, Phoenix, San Francisco Bay Area, Seattle, St. Louis, and Washington, D.C.;

2. The US industries with the biggest year-over-year hiring increases in April were:

• Aerospace, automotive, and transportation (23.3% higher);
• Financial services & insurance (22.2% higher);
• Manufacturing and industrial (17.3% higher);
• Architecture and engineering (16.3% higher);
• Healthcare and pharmaceutical (16.3% higher);
• Government, education and nonprofit (14.8% higher);
• Technology – hardware and software (5.6% higher)
• Telecommunications (0%)

3. U.S. has a national shortage of 230,000 people with marketing skills. These skills include social media, digital marketing, market research and branding. Wow! Great news for not only college grads!

4. There are pockets in United States that have shortages or surpluses of qualified people. For example Miami-Ft. Lauderdale has an abundance of litigators, music producers, accountants, architects, salesmen, event managers, multilingual people, TV and video producers and strategic planners. On the other hand, Miami-Ft. Lauderdale has a shortage of factory managers, software engineer managers, project managers, database managers, mechanical engineers, aerospace engineers, Java developers, Perl/Python/Ruby developers, ecological and environmental scientists. To me, these types of statistics are pretty interesting and educational – they tell me the supply and demand of a certain city, in my case Miami-Ft. Lauderdale. Can these types of statistics and surveys tell me anything about a city where I plan to invest, build or live? In what direction is the city going? One thing for sure, if I'm a manager, a software developer or an engineer I could find a job easily in South Florida and vice versa...I wouldn't want to be a litigator, architect, accountant or salesperson. There's huge competition in SoFla for those positions!

5. Americans are moving from high-tax states to low-tax states and Florida ranks #5 among the 50 states, among the lowest tax states, 4 states are lower. Florida's two big financial attractions — lower cost of living and no personal state income tax. Bloomberg warned of an “exodus from Manhattan and Greenwich." Wealthy earners, the thinking went, would head toward the pro-business climate of Florida. "With an educated workforce, exceptional cultural institutions, world-class entertainment, near-perfect weather and a favorable tax climate, Miami in many ways sells itself as a desirable base for sophisticated capital," Nitin Motwani, managing principal of Miami Worldcenter. Many hedge fund managers and financiers are exploring the bevy of investment opportunities South Florida offers.

6. Last but not least, LinkedIn is telling me that in the last 12 months people migrated from Venezuela, New York City, NY and Colombia to Miami-Ft. Lauderdale. Likewise, this is somewhat of an interesting statistic because it tells you that New Yorker's are fleeing to South Florida, as stated in point #5.

In summary, LinkedIn gave me some interesting information that I could or should know as a real estate investor that I would not find anywhere else. Thanks for the super info LinkedIn!

As a real estate investor, how’s the job situation where you are investing, building and/or living?

In short: USA is doing much, much better in creating jobs, but it’s still not enough. As a real estate investor, the following should be very important for you:

1. Jobs are key for a strong national economy;
2. Jobs are key for any city, town, state or country that is looking for growth;
3. Jobs are key for any person anywhere, any place or any location.

I think that if you can find a location that has strong job growth, this would be one of the key motivators where I would want to invest, build and/or live. Why? Because jobs guarantee that workers get paid which means I get paid if I built or rehabbed an apartment to these workers.

USA needs more jobs, not China!

In summary, more jobs need to be created in USA instead of given to China. The result? Americans would start becoming wealthier versus letting the Chinese be wealthier. At this time, China is $500 billion richer than USA. And China is going to continue to get richer daily unless United States does something about it. Let’s start putting money back into USA and creating more jobs here versus creating more jobs in China.

Don’t forget that China is communist!

Don’t forget that China is communist which means they hate capitalism which means their intent is to destroy USA as quickly as possible economically and/or physically. The destruction of USA is happening quietly via the annihilation of the US economy and the US as a nation. Communism always had and will have an artificial economy, fake wages and a corrupt government. It’s time to start creating more jobs in America, buying American and making America stronger.

What are your thoughts and comments about job creation?

What else is important for you as a real estate investor?

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About the Author: Mark Dzulynsky is CEO of Dolphin Property Investments, LLC, a commercial real estate developer in South Florida focusing on multifamily building and construction. Currently he is working on a 202-unit apartment construction project in Pompano Beach. Other projects are in the works. Mark helps Institutional Investors, Family Offices, Private Clients & others achieve exceptional Returns on Investment by providing conservative real estate investing opportunities into Miami Metro’s (South Florida) construction projects. Call Mark if you would like to finance or invest in one of our projects. We are always searching for debt finance, equity finance and seed capital. Mark can be reached at 954-437-7174 or via email mark@dolphinpi.com or visit us at www.dolphinpi.com. Let's connect, let's talk and let's do!

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