32 min listen
189: Real Estate Investing In A Bustling Market with Greg Bond
189: Real Estate Investing In A Bustling Market with Greg Bond
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)
10: How To Talk Like An Investor - Vocab. Rehab.: #10: Vocabulary is key to advancing your investor life. It’s also important for attracting the right people so that you can form the right relationships. Learn how these terms are defined in a clear way, used in an example, and also how you might... by Get Rich Education