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348: How To Raise Rents, Update On Florida Income Property

348: How To Raise Rents, Update On Florida Income Property

FromGet Rich Education


348: How To Raise Rents, Update On Florida Income Property

FromGet Rich Education

ratings:
Length:
50 minutes
Released:
Jun 7, 2021
Format:
Podcast episode

Description

With only small rent increases, your cash flow can rise 20-50%. Learn how to successfully achieve these small rent increases. Also, learn what to never say to your tenant. It’s a mistake that I made. Make gradual rent raises and provide justification for the increase. Florida’s surging net in-migration provides tons of rent-paying tenants. The numbers work here for out-of-state investors. Learn more & get properties at www.GetRichEducation.com/CentralFlorida These new construction SFRs are often $200K. Investors must come in all-cash and do a cash-out refinance later.  This BRRR is: Buy, Rent, Refinance, Repeat. (No rehab.) Rent-to-price ratios are near 0.8%. Insurance premiums are often extremely low on these brand new builds. Renter demand is astounding. There are more than 1,000 tenants on waiting lists for these new-build Florida SFRs on quarter-acre infill lots. Get started with new construction Florida income property at: www.GetRichEducation.com/CentralFlorida Resources mentioned: Find new-build Florida income property: www.GetRichEducation.com/CentralFlorida Show Notes: www.GetRichEducation.com/348 Get mortgage loans for investment property: RidgeLendingGroup.com JWB’s available Florida income property: www.CashFlowAndGrowth.com Ali Boone’s Recommended Book: https://amzn.to/2NsMVlF EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold
Released:
Jun 7, 2021
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.