Spelade

  • #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