Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

189: Real Estate Investing In A Bustling Market with Greg Bond

189: Real Estate Investing In A Bustling Market with Greg Bond

FromGet Rich Education


189: Real Estate Investing In A Bustling Market with Greg Bond

FromGet Rich Education

ratings:
Length:
43 minutes
Released:
Jun 27, 2018
Format:
Podcast episode

Description

#189: If an income property is so good, why would anyone sell it to you? You get answers. I tell you how long it took me to quit my day job to replace it with passive income. Single-family income properties vs. apartment buildings are compared. Invest in a growing place. Florida keeps growing due to: affordable housing, warmth, coasts, and it’s the only income tax-free state east of the Mississippi River. The Orlando, Florida area has grown 20%+ in just the last decade. Turnkey RE investing means that a property is: 1) Already rehabbed.  2) Tenanted. 3) Under Management. 4) Produces income from Day One. $80-$150K, 36-month avg. tenant duration, 1.8% property tax, rent-to-price ratio ~0.9%.   Areas north of Orlando work best. Some areas to the south have economies more dependent on fickle tourism. Learn more about investing in Orlando turnkey property at: GetRichEducation.com/Orlando Want more wealth? 1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2) Actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:14 I discuss how long it took me to quit my day job. 02:51 Single-family income properties vs. apartment buildings. 10:34 Why Florida grows at a phenomenal rate. 16:11 Two incomes doesn’t have to mean “both parents work”. 18:02 Definition of “turnkey”. 19:25 Pros and cons to turnkey RE investing. 22:02 Communication with investors. 24:52 Submarket selection. 26:35 The numbers. 31:24 If the property is so good, why would anyone sell it to you? 33:42 Housing demand far outstrips supply. 36:00 Older tenant demographic in central Florida. 38:16 Bulk and standardized materials. 39:35 Get the Orlando Investor Report at: GetRichEducation.com/Orlando. Resources Mentioned: Orlando Property: GetRichEducation.com/Orlando Cash Flow Banking: ProducersWealth.com Mortgage Loans: RidgeLendingGroup.com Apartment Investor Mastery: BradSumrok.com Find Properties: GREturnkey.com GRE Book: 7 Money Myths Education: GetRichEducation.com
Released:
Jun 27, 2018
Format:
Podcast episode

Titles in the series (100)

This show has created more financial freedom for busy people like you than nearly any show in the world. Wealthy people's money either starts out or ends up in real estate. But you can't lose your time. Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself. I'm Show Host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes. I serve you ACTIONABLE content for cash flow on a platter. Our bottom line in real estate investing together is: “What’s your Return On Time?” Where traditional personal finance merely helps you avoid losing, you learn how to WIN. Why live below your means when you can expand your means? Since 2002, international real estate investor Keith Weinhold owns multifamily apartment buildings to single family homes to agricultural real estate. New episodes are delivered every Monday.