Wed, 27 June 2018
#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.