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@therobertleonar provides a constant drip of refreshingly practical and authentic real estate investing advice. Always a good day when his latest show hits my feed
His conversation this week with @FIG_Multifamily is no exception
5 points that stuck with me:
Thread
His conversation this week with @FIG_Multifamily is no exception
5 points that stuck with me:
Thread
1/ Finding a House Hack:
Great deals still exist
The 1% rule isn't gospel; if the numbers work...do it
Look at the oldest listings on the MLS to find hidden gems
More units = more cashflow (typically)
Great deals still exist
The 1% rule isn't gospel; if the numbers work...do it
Look at the oldest listings on the MLS to find hidden gems
More units = more cashflow (typically)
2/ Financing a House Hack:
Owner-occupied mortgage rates are stupidly low; pounce now
Use seller credits to lower cash to close and boost ROI
FHA loans create massive upside potential due to the low down payment
PMI shouldn't scare you if the numbers still work
Owner-occupied mortgage rates are stupidly low; pounce now
Use seller credits to lower cash to close and boost ROI
FHA loans create massive upside potential due to the low down payment
PMI shouldn't scare you if the numbers still work
3/ Raising Rents After Closing:
Provide rental comps to frame the conversation
Increase rents incrementally (between current price and full market rent)
Treat tenants as partners not adversaries
Real estate is a business; run it like one
Provide rental comps to frame the conversation
Increase rents incrementally (between current price and full market rent)
Treat tenants as partners not adversaries
Real estate is a business; run it like one
4/ The Beauty of Fourplexes:
The Goldilocks of real estate investing
Conventional financing on commercial scale cashflow
New builds are "arm chair value-add" opportunities
The Goldilocks of real estate investing
Conventional financing on commercial scale cashflow
New builds are "arm chair value-add" opportunities
5/ Cost Segregation:
Residential real estate is depreciated over 27.5 yrs
Cost segregation allows you to accelerate depreciation for certain parts of a property
More depreciation = less taxes and greater wealth
Residential real estate is depreciated over 27.5 yrs
Cost segregation allows you to accelerate depreciation for certain parts of a property
More depreciation = less taxes and greater wealth
Check out the full episode with @therobertleonar & @FIG_Multifamily here:
Link: https://www.theinvestorspodcast.com/real-estate-investing/rei050-my-newest-deal-and-investing-in-fourplexes-with-steve-olson/
Link: https://www.theinvestorspodcast.com/real-estate-investing/rei050-my-newest-deal-and-investing-in-fourplexes-with-steve-olson/
