In this episode, Lane discusses the importance of subscribing and reviewing the podcast to help it get featured on iTunes. He delves into his personal experience with turnkey property investing, including what turnkey providers do, the pros and cons of working with them, and how to vet potential companies. Lane also covers various methods of acquiring turnkey properties, such as working directly with providers, using marketers, and employing a hybrid approach. Additionally, he answers listener questions about investing strategies, 1031 exchanges, and the viability of REITs and crowdfunding. Tune in for advice and insights on building a profitable real estate portfolio.

00:00 Introduction and Podcast Promotion

00:32 Personal Real Estate Journey

00:49 Understanding Turnkey Investing

01:49 Turnkey Providers: Pros and Cons

04:43 Finding Reliable Turnkey Providers

10:40 Alternative Buying Methods

13:27 Investment Strategies and Tips

17:19 Listener Questions and Advice

21:19 Conclusion and Final Thoughts

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, Lane discusses the importance of subscribing and reviewing the podcast to help it get featured on iTunes. He delves into his personal experience with turnkey property investing, including what turnkey providers do, the pros and cons of working with them, and how to vet potential companies. Lane also covers various methods of acquiring turnkey properties, such as working directly with providers, using marketers, and employing a hybrid approach. Additionally, he answers listener questions about investing strategies, 1031 exchanges, and the viability of REITs and crowdfunding. Tune in for advice and insights on building a profitable real estate portfolio.

00:00 Introduction and Podcast Promotion

00:32 Personal Real Estate Journey

00:49 Understanding Turnkey Investing

01:49 Turnkey Providers: Pros and Cons

04:43 Finding Reliable Turnkey Providers

10:40 Alternative Buying Methods

13:27 Investment Strategies and Tips

17:19 Listener Questions and Advice

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, the speaker discusses the rent to value ratio, a crucial metric for evaluating rental properties and investments. By dividing the monthly rent by the purchase price, investors can quickly filter potential properties, much like swiping on a dating app. The speaker explains the importance of focusing on properties with around a 1% rent to value ratio, while cautioning against low-priced properties with seemingly attractive ratios due to potential tenant issues and higher vacancies. Personal anecdotes highlight the benefits of investing in higher-class areas. The speaker also touches on other metrics like Cap rate and gross rent multipliers, advises on suitable neighborhoods, and underscores the need for a balanced portfolio. Key tips include creating a spreadsheet to vet properties and understanding the nuances in different property classes.

00:00 Introduction to Rent-to-Value Ratio

00:17 Calculating Rent-to-Value Ratio

00:40 Using Rent-to-Value Ratio as a Filter

01:47 Comparing Different Properties

02:14 Challenges with Lower Priced Properties

02:57 Advantages of Higher Priced Properties

03:37 Personal Strategy and Loan Considerations

04:14 Alternative Metrics and Graph Analysis

05:07 Understanding Market Trends

06:26 Personal Philosophy and Investment Tips

07:42 Diversification and Market Conditions

08:58 Final Thoughts and Action Items

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.