Today’s Edition of Real Estate is brought to you by Elf Labs - A revolutionary AI entertainment company now open to investors to take part in the profits

Invest Now!

Welcome Back,

Hello everyone, I hope you all had an amazing weekend and are ready to start the week of with some real estate. Today we will be diving into another real estate market that of Erie, Pennsylvania. Enjoy!

If you haven’t already we would love it if you could take our survey so we can better understand your needs as Business Owner/Investor.

Was this email forwarded to you? Click Here to subscribe to never miss a post. If you received this email by accident and wish to unsubscribe click here.

Real Estate Investing

Daily News Updates:

In a significant political development, Vice President J.D. Vance appeared on "Face the Nation", discussing the administration's recent policies and future initiatives. He emphasized the importance of economic growth and national security, outlining plans to bolster both in the coming months.

• Economic Developments: MEAG Munich Ergo Asset Management, managing approximately $370 billion in assets, has restructured its portfolio. The firm sold shares in Philip Morris International, Apple, and PayPal Holdings, while increasing its stake in Lululemon Athletica. This move reflects a strategic shift in investment focus.

• Environmental Concerns: A powerful winter storm has swept across the Midwest, dumping over 12 inches of snow in some areas and causing widespread travel disruptions. Authorities have issued warnings, urging residents to stay indoors and avoid non-essential travel.

• Business News: Marks & Spencer has issued an urgent recall of specific batches of their Crispy Southern Fried Chicken Burgers and Chicken Kyivs due to potential salmonella contamination. Customers are advised to check product dates and return affected items for a full refund.

• Global Affairs: In Australia, Australia Day was marked by both celebrations and protests. Thousands participated in "Invasion Day" marches, advocating for Indigenous sovereignty and highlighting historical injustices. The day was a blend of national pride and calls for reflection on the nation's past.

Market Snapshot:

Erie, Pennsylvania
The real estate market in Erie, Pennsylvania, offers a mix of opportunities for investors seeking affordability and growth potential. The median home price in Erie stands at $195,000, reflecting a 4.6% year-over-year increase. The demand for rental properties is rising, with 44% of the population renting, driven by its proximity to educational institutions like Penn State Behrend and its appeal to retirees. Erie also benefits from its lakefront charm and revitalization efforts in its downtown area. However, the market remains competitive, with active listings at 2,300, down 5.2% from last year, indicating limited inventory.

• Median Home Price: $195,000

• YoY Price Growth: 4.6%

• Active Listings: 2,300 (down 5.2% YoY)

Deal Of The Day:

Near Downtown 16 unit property in Erie, PA

• Price: $899,000

• Units: 16 (1-Bed/1-Bath each)

• Monthly Rental Income: $16,000

• Cap Rate: 8.7%

This charming duplex in downtown Erie offers an excellent investment opportunity with steady rental demand. Each unit rents for $1,000/month, generating $192,000/year in rental income. Located close to schools and shopping areas, this property is ideal for tenants and promises long-term appreciation as Erie continues its urban revitalization. Perfect for investors looking to diversify their portfolio with a high cap rate property.

Deal Rating: 7.9/10

This property shows great potential for renovations and an increase in property value. Allow the appreciation isn’t the greatest in this area the cashflow, high rental demand and rental income from this property make it a great deal.

Investment Strategy:

The Value-Add Flip
A value-add flip involves purchasing properties below market value, improving them with targeted renovations, and reselling for a profit. Focus on cosmetic upgrades like fresh paint, modern lighting, and updated kitchens, which can boost appeal without excessive costs. For example, a $150,000 home with $20,000 in upgrades could sell for $200,000, yielding a $30,000 profit. Key tip: target neighborhoods with strong appreciation potential to maximize returns.

Investment Opportunity: These AI-Powered Toys Don’t Just Play—They Pay!

See how Elf Labs is reshaping the $2T entertainment industry with AI-powered toys that communicate, learn, and evolve. From interactive dolls to 3D avatars and AR characters, we’re turning nostalgia into profit.

Investing in Elf Labs means tapping into massive market potential, with a focus on $350 billion in merchandise, $200 billion in gaming, and $1.15 trillion in media sales. This proven innovator is backed by 100+ trademarks, 12 patents, and 6 major franchises, two of which are already funded. With plans to expand into 30+ global markets.

As Wealth Wagon members you can take advantage of our exclusive offer: a 10% bonus in shares, but time is running out. The deadline to invest is January 29th.

Don’t miss your chance to profit from the future of entertainment!
👉 Invest Now before January 29th.

Current Interest Rates:

Erie, Pennsylvania

• 30-Year Fixed Residential: 6.9%

• 15-Year Fixed Residential: 6.1%

• Commercial Rates: Starting at 6.7%

Interest rates for residential properties in Erie are slightly higher than the national average, influenced by broader market trends. Investors should consider adjustable-rate mortgages (ARMs) or explore properties with seller financing options to reduce upfront costs.

Real Estate Tip:

The Role of Mid-Sized Cities in Real Estate Investing

Mid-sized cities like Erie, Pennsylvania, are becoming attractive alternatives for real estate investors looking to escape the high costs and saturation of larger markets. These cities often offer affordable entry points, steady rental demand, and promising growth prospects.

Erie is a perfect example of a market with affordable properties, where investors can achieve strong returns. The city’s proximity to Lake Erie adds unique appeal, attracting tourists and retirees. Additionally, local revitalization projects, such as the Erie Downtown Development Corporation's initiatives, are creating a more vibrant urban core, driving property values higher.

Investing in mid-sized cities also means lower competition, allowing investors to negotiate better deals. For instance, properties in Erie average 30 days on the market, compared to less than 10 days in hotspots like Austin or Denver. Moreover, the city’s rental market is robust, with 44% of residents renting, ensuring steady cash flow for landlords.

As cities like Erie continue to grow, real estate investors should capitalize on the low initial costs and strong appreciation potential before these markets gain more national attention.

Economic Conditions

Erie’s economy is on an upward trajectory, driven by the manufacturing and healthcare sectors. The unemployment rate stands at 4.1%, below the national average, indicating a strong job market. Recent investments in Erie’s port and industrial parks are projected to bring 500+ jobs to the region. However, rising inflation, currently at 3.9%, may impact construction costs, potentially slowing new developments. Despite this, Erie remains affordable compared to larger Pennsylvania cities like Pittsburgh and Philadelphia.

Market Rating: 8/10

This real estate market is a great choice for new investors looking for cash flowing properties. Although the appreciation isn’t quite there, most properties often have space for improvement for a quick property value increase.

Key Takeaways:

• Market Snapshot: Erie’s median home price is $195,000, with demand fueled by renters and downtown revitalization.

• Deal of the Day: A $265,000 duplex in downtown Erie offers an 8.7% cap rate and $28,800 annual income.

• Tip: Use rental yield calculations to identify high-return properties, aiming for yields above 6%.

• Strategy: Value-add flips can turn $20,000 upgrades into $30,000+ profits in appreciating markets.

• Interest Rates: Residential rates average 6.9%, with ARMs and seller financing as cost-saving options.

• Economic Conditions: Erie benefits from low unemployment (4.1%) and industrial investment, driving growth.

Support us by checking out the partner of today’s edition Elf Labs 

That’s All For Today

I hope you enjoyed today’s issue. If you have any questions regarding today’s issue or future issues feel free to ask. Come back tomorrow for information on how to grow your income and wealth. I hope to see you.

Join our Affiliate Program and start earning up to $20,000 per month, Click here to sign up.

Want to advertise with us, email us at Partner@thewealthwagon.com

Disclaimer: This newsletter is for informational and educational purposes only and reflects the opinions of its editors and contributors. The content provided, including but not limited to real estate tips, stock market insights, business marketing strategies, and startup advice, is shared for general guidance and does not constitute financial, investment, real estate, legal, or business advice. We do not guarantee the accuracy, completeness, or reliability of any information provided. Past performance is not indicative of future results. All investment, real estate, and business decisions involve inherent risks, and readers are encouraged to perform their own due diligence and consult with qualified professionals before taking any action. This newsletter does not establish a fiduciary, advisory, or professional relationship between the publishers and readers.