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258: Single-Family Rental Property Today

Direct download: GREepisode259_.mp3
Category:general -- posted at: 4:00am EDT

Mon, 16 September 2019

Single-family rentals have 16 advantages over apartments:

Tenant quality, appreciation, neighborhood, school district, retention, no common areas, utilities, divisibility, fire, disturbances, financing terms, vacancy rate, management, supply & demand, risk, exit strategy.

There's nothing wrong with apartment investing. They have their own advantages.

Noel Christopher, Senior VP of Portfolio Services at Renters Warehouse, joins Keith to discuss today’s single-family rental (SFR) market.

Renters Warehouse manages 22,000+ homes in 25 states. They could be a good backup property manager for you. See their marketplace too.

The midsize investor (owns 25 - 2,000 rental units) is becoming more involved in buying SFRs.

Many say “mom-and-pop” landlords are competing with first-time homebuyers for single-families. Noel disagrees.

Long-distance investing is more common today.

Demographics of SFR tenants - both Baby Boomers and Millennials.

Also discussed: beginner tips, build-to-rent communities.

Keith brings you today’s show from Anchorage, AK.

Next week: Canton, OH.

The following week: Philadelphia, PA.

The week after: St. Petersburg, FL.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

RentersWarehouse.com

GRE’s Tampa Field Trip:

RealEstateFieldTrip.com

Warren Buffett on CNBC

Mortgage Loans:

Turnkey Real Estate:

eQRP: Text “QRP” to 72000 or:

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JWB New Construction Turnkey:

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257: Spend Your Money … Lots Of It

Direct download: GREepisode258_.mp3
Category:general -- posted at: 4:00am EDT

Mon, 9 September 2019

Five benefits of spending your money are discussed.

(What? Is this irresponsible?)

Keith Weinhold tackles the rarely-discussed benefits of money-spending:

You beat inflation.
You don’t “lose” money; you spent it how you desired.
Ensure a better quality of life.
You help the economy exactly where you want to.
Spending is more fun than saving.

Many are afraid to discuss the topic of spending.

Also discussed - what goes into home price appreciation, how inflation persists despite decades of technology, Millennials waiting for home prices to drop.

Back to spending:

Are “cheap” people annoying?
School is irrelevant to wealth.
Don’t cut expenses; increase income.
The only place you get money is from other people.
Buy top vacations, wellness & exercise, mattress, vision, shoes, dental, home renovation, unprocessed food, phone.
Spending is an investment in yourself.
Experiences vs. Stuff.
Money is fuel; it’s only potential.
The $25,000 taco.
Giving to charity.

Benjamin Franklin: “Wealth is not his that has it, but his that enjoys it.”

Then, a discussion with our Tampa provider about finding the right rental property neighborhood.

Join us on our upcoming Tampa Real Field Trip, Oct. 10th to 12th. Start at RealEstateFieldTrip.com.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

GRE’s Tampa Field Trip:

RealEstateFieldTrip.com

CNBC:

The $25,000 Taco

Mortgage Loans:

Turnkey Real Estate:

eQRP: Text “QRP” to 72000 or:

By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

JWB New Construction Turnkey:

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256: The Real Estate Numbers That Matter with Frank Gallinelli

Direct download: GREepisode257__.mp3
Category:general -- posted at: 4:00am EDT

Mon, 2 September 2019

Real estate math is simple: add, subtract, multiply, divide.

There’s no complex math like trigonometry, algebra or exponents.

Frank Gallinelli, Ivy League Professor of Real Estate Development at Columbia University in New York City, joins me to talk real estate numbers.

Net Operating Income (NOI) estimates current market value of a property.

NOI is rent minus VIMTUM. It does not include Principal and Interest.

Your Debt Coverage Ratio (DCR) had better be greater than 1. You typically need a minimum of 1.2 to 1.25 to qualify for a property.

Loan-To-Value ratio discussed.

Seller “asking price” is almost irrelevant. A property’s current market value is = Annual NOI / Cap Rate.

Cap Rate = Annual NOI / Property Price or Value.

Internal Rate Of Return (IRR) is more of a total return. Part of it is discounting your future cash flows. This considers your opportunity cost.

I give an example of buying a new $20,000 heating system for an apartment building.

This resulted in lower heating bills.
This increased cash flow (and NOI) by $4,800 annually.
Divide this by a 7% Cap Rate = $68,500 value increase.

Therefore, a $20K investment both improved cash flow and increased building value by $68,500.

I dislike GRM - Gross Rent Multiplier.

Franks dislikes CCR - Cash-On-Cash Return.

Return On Equity vs. Return From Equity.

Don’t get too lost in numbers. No property exists in a vacuum. The vibrancy of the market is more important than the property.

Get a 30% discount on Frank Gallinelli’s “Introduction To Real Estate Analysis” video course at learn.realdata.com with Discount Code: SAVE30

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Frank Gallinelli’s “Introduction To Real Estate Analysis” video course:

learn.realdata.com Use Promo Code SAVE30 for 30% off.

GRE’s Tampa Field Trip:

RealEstateFieldTrip.com

Mortgage Loans:

Turnkey Real Estate:

eQRP: Text “QRP” to 72000 or:

By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

JWB New Construction Turnkey:

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