Hello, friends. And welcome to another episode of Ask Marco. It's been a while since I did an Ask Marco episode and I plan to do a few here, back to back and just space them out here over the next few weeks. I actually like these Ask Marco episodes because it gives you the listener, the opportunity to submit your question. And many of them, I reply to just via email. And then I just handpick some of them, usually four or five at a time. And I put them into one of these Ask Marco episodes. And the beautiful thing about that is it gives you the opportunity to hear what other people are thinking. And the questions they're asking that you may not have thought about, but once you hear it, you think, oh yeah, that's a good question. I'd like to ask that question as well or hear the answer to it.

So it gives you the opportunity to hear what other people are thinking and get into that question and get an answer to it. Even if it's high level and maybe not superficial, but something that I can put some flesh on. And again, this is never financial advice. It's just my opinion and my experience that I'm sharing with you. But it's just an opportunity for you to throw the question out and get some perspective and an answer too. So before I jump into the first question here, just a quick reminder, and I'll plug this, I guess from time to time, our Power Room Mastermind. Our next event is coming up in lake Tahoe, September 12th to the 14th, and the next event after that is our year end grand finale. If you will, our final event, which is in Las Vegas, December 5th, through the 7th, you can go to where our website at powerroom.com.

This is an incredible mastermind. It is a high end mastermind, great members, great speakers, great content, just a great event, all around fantastic networking. It's essentially the exclusive mastermind for CEOs, entrepreneurs, business leaders, investors, and you can come as my guest. We allow you to drop in at one of our events, any one that you want and check it out, just get a feel for who we are, what we do, what we talk about, you know, the networking, the dinners, everything. It's just a fantastic event. If you can't make one of these next two events, our next event starting early next year in Q1 is in Jacksonville. I don't have dates for that yet, but it'll be Q1 in Jacksonville, Florida. Technically it'll be in St. Augustine, right outside Jacksonville. So I will let you know about those dates when I have them.

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Okay. So let's jump into our first question here. It comes from Steve. He says, hi Marco. I was scrolling through your episodes trying to find something that addresses current market conditions and what is considered a quote unquote, good deal under these current conditions. In the last six months, I've gone from being able to find deals, although rare, still having the 1% rule for turnkey properties today, the best deals I can find are at about 0.8, 5%. And what he's referring to here for everybody listening is the rent to value ratio or the rent to price ratio. I'll explain that here in a minute, but Steve goes on to say on top of that insurance costs are rising. You obviously have a great cash flow calculator on your website, but I was curious if you had thought about doing an Ask Marco episode where you address what is considered a good deal in today's market, especially now that the fed has officially raised rates again.

Thanks. So I'm gonna answer this question to a small level of depth, because I think I'm gonna just tee this up and tease you with a future episode in the near future about this exact question about market conditions and how I feel about market conditions and what's going on. In fact, I'm actually toying with the idea of having potent...