How do you determine what makes a good investment property?
How do you identify good cash flow? How do you improve cash flow?
What do you look for while touring potential investment properties?
Should you invest local or long distance?
What is a 1031 exchange?
Did you ever dream of financial freedom?
This video will provide answers to these above questions and much, much more.
0:00 – Intro
1:24 – Phase #1 – Just Believe!
2:40 – Phase #2 – Decide on your plan of action
3:36 – Option 1 – Short Term Rentals
4:55 – Option 2 – Multi-Family Properties Intro (Majority of focus in video)
5:17 – Phase #3 – Get Started!
6:12 – Exponential Growth Plan
9:03 – Or Just buy one – This video focuses on improving cash flow in just one property
9:13 – Phase #3 – Step #1 – Identify Potential Properties
9:42 – Do you plan on residing in one of the units?
11:36 – Get setup on Direct Search Result Emails from the MLS
12:14 – Start to identify Cash Flow
12:22 – Number of Units?
12:32 – Number of Bedrooms?
13:01 – Market Rental Rate?
13:20 – More Units = More Cash Flow?
14:20 – Phase #3 – Step #2 – Research Financials and Tour
14:51 – What do you look for when touring the property?
15:12 – Things to look for to identify cash flow while touring
15:20 – What is the parking situation?
15:33 – What is the curb appeal?
16:12 – Are there common areas? How will you maintain? Can you improve Cash Flow?
16:42 – Tour the individual units – Bedrooms? Bathrooms? Potential Upgrades? Layout?
17:36 – Tour the Utility set ups
18:27 – Compare Tour results to Financials
19:15 – Review Expense Categories on Financials – Can you improve any?
21:55 – What is a Capital Expenditure?
25:03 – Be Wary of Fixer-Uppers
26:45 – Phase #3 – Step #3 – Go Get the Property!
28:50 – Phase #3 – Step #4 – Start Implementing What You Envisioned
29:54 – Tip #1 – Understanding Leverage – Examples of how it works
33:34 – Tip #2 – Invest Locally vs Long Distance?
39:25 – Tip #3 – 1031 Exchange – BEST TIP OF THE DAY!
39:50 – Time to put all of the pieces of the puzzle together
41:20 – 1031 Explained Step by Step utilizing previous example
#realestateinvesting #understandingleveragerealestate #1031exchange
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Paul Graham is a Real Estate Agent located in Swansea, Massachusetts, 5 minutes from Rhode Island. Paul has resided in this area for his whole life over 40 years! Paul also fell in love with Florida after his first trip in 2001 and has been visiting there virtually annually for over 20 years. Paul decided to pursue his Real Estate license there as well. Paul Graham is licensed in Massachusetts, Rhode Island, and Florida. Paul is a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Paul also researches Investment opportunities. Serving a wide range of Massachusetts and Rhode Island communities. Allow him to sell your home for more in less time utilizing modern marketing strategies or allow him to guide you through the entire process in pursuit of your new home.
CONTACT ME:
Call / Text: (508) 679-6538
Email: paul.graham@exprealty.com
www.paulgraham.exprealty.com
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