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173: Real Estate Investing In A Thriving Market

173: Real Estate Investing In A Thriving Market

FromGet Rich Education


173: Real Estate Investing In A Thriving Market

FromGet Rich Education

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

Description

#173: Don’t move to a low-tax state; let your tenant do it. Quit investing only for the long-term. I explain both. Alabama is the #1 state for per capita foreign direct investment. We discuss turnkey real estate investing in Birmingham, Alabama. A revival is taking place in Birmingham amidst economically diverse business sectors. Long-term tenant retention occurs in Birmingham submarkets due to: 2-year leases, tenant-owned appliances, more. When you purchase a turnkey property, you’re also “purchasing” a tenant and their income stream. We discuss. It takes about $24K-$25K to “get into” this market with down payment and closing costs on a turnkey single-family home. We also discuss how a real estate investor gets started: lender pre-approval, writing an offer, inspection, appraisal, etc. Learn more and find Birmingham property at GetRichEducation.com/Birmingham. I bring you today’s show from Orlando, Florida. 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  Don’t move to a low-tax state. Quit investing only for the long-term. 06:14  Thriving Alabama and the revitalization of Birmingham. 10:00  Downtown Birmingham. 16:05  Primary market drivers in Birmingham: medical, automotive, Amazon sortation, education. 18:46  Neighborhood selection. 21:10  B-Class properties $80K to $125K. $1,000 rent on $104K property. 22:22  Tenant retention. 26:12  Property upgrades. 30:20  Tenant qualification. 32:38  Same rehabilitation company and management company. 36:00  City inspectors. 38:26  How you get started: lender pre-approval, writing an offer, inspection, appraisal, etc. Resources Mentioned: GetRichEducation.com/Birmingham RidgeLendingGroup.com ValhallaWealth.com GREturnkey.com 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.