Junior Desinor On Investing In The Current Real Estate Market
Desinor is an industry insider and seasoned real estate investor with over 18 years of experience.
Presented by Luke Lintz
The real estate market is booming, or it could be cooling; one thing is for sure, fear of recession still plagues the minds across the nation. Prices are going down, but according to NAR data, existing-home sales have decreased steadily for seven months. Experts are attributing this to the traditional late 3rd and 4th quarter slowdown and expect the home prices and sales to start rising with the start of 2023.
Goldman Sachs predicts that U.S. home prices will rise 1.8% in 2023, while companies such as Mortgage Bankers Association, CoreLogic, and Freddie Mac predict low single-digit price jumps. However, as Junior Desinor explains, there is always money to be made, no matter the condition of the market, but he adds that nothing can be achieved overnight.
“Real estate is a long-term game and should be played as such,” he says. “Right now, we see that the market is cooling, but all long-term indicators are favorable. Demand is on the rise. More and more people are coming to America every day, and more and more people are living longer. All of them need a space to live.”
Junior Desinor is an industry insider and seasoned real estate investor with over 18 years of experience. This Texas-based entrepreneur experienced firsthand all market fluctuations in the past decade, but thanks to his knack for determining which properties to purchase and which not, he made over $1 billion dollars in lifetime sales.
He started his real estate career in 2004 when he purchased and flipped his first property while still in college. Even though being a real estate finance major gave him a starting edge, Desinor points out that he wouldn’t be where he is today without his dedication, discipline, and passion for flipping homes.
And Desinor’s passion was born out of his mission to become a financially free person with enough time to spend with family and loved ones. “My parents worked five jobs to put the food on the table and help me get through good school,” he says. “I always admired them for that, but at the same time, I resented the system that was preventing us from spending priceless time together.”
With that in mind, Desinor made a name for himself. Real estate wasn’t even his first choice, and before he got into it, he thought of it just as a means to an end. Desinor built and grew multiple seven-figure businesses, but he still points out that real estate will always be his favorite income stream as it allows him more free time than any other venture.
“My first venture was a party supply business, but then I switched to flipping homes and fell in love with the industry,” he says. “I mean, everyone can get into real estate, but don’t get me wrong—the industry is not for everyone. People either love it or hate it. I loved it because when things got off, I could have as much time as I wanted to spend on things that matter to me the most; my family and loved ones.”
And for all skeptics out there who are still unsure if they should get into real estate or not, Desinor has one more piece of advice. As he already mentioned, there is always money in the real estate industry. Still, newcomers should also be prepared to make a few serious and life-changing decisions.
Desinor explains that the overall market shows signs of cooling down but still, a couple of hot areas spread throughout the States. For example, there’s a rising demand for affordable housing in many big metro areas in Texas, Florida, and Tennessee that people are moving to. It all depends if they are willing to sacrifice a bit at the start.
If Desinor had to start over again today, his potential strategy would be to move to a smaller city with great potential. He would sell his townhome/condo and buy at least two properties: one to live in and the second to generate a passive income that he would eventually reinvest in, flipping other houses or further expanding his renting portfolio.
“Maybe the market in your area is cold, but you can always consider relocating to a hot market area,” says Junior Desinor. “There is a lot of activity in Fayetteville, Arkansas, right now. It is one of the fastest growing counties just because the houses are affordable, it’s a great community to build and raise a family in, and there is room to grow. It is a risk, and no guarantee will pan out, but nobody said that success comes easy.”