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There are two kinds of investors: those who make a high return on investment, and those who make a low return on investment. It’s important that you realize the importance of making a high return, and identify exactly how to make a high return on your rental property.
On this episode of Investing in Real Estate, I’m sharing how you can become a high return investor. You’ll learn the three things you need to put in place in order to earn high ROI, and I’ll share some of the mistakes I, along with other investors have made. Don’t miss episode 195 to learn how to make consistent high return investments!
More About This Show
I spend a lot of time talking to investors. Most people realize the value of investing in real estate, but they just don’t know where to begin. I’ve heard from so many people who are otherwise successful, but they’ve made a real estate investment that isn’t profitable! If you begin by calling up a realtor and investing in the city you live in, chances are you won’t receive a high return.
If you want to become a high return real estate investor, there’s a foolproof strategy you have to follow. It’s nothing fancy, just a very straightforward number of qualities you need to look for in an investment.
- Find wholesale properties. If you purchase a piece of real estate at market value, it will be increasingly hard to make a high return. When you stay below the market value, you’re going to receive high ROI. Buying rental real estate off market is key!
- Find the right location. Purchasing properties in states like California or New York is going to come at a high price tag. Remember, the cutoff point for the rental value keeping up with the purchase price is about $125k. But to get the most bang for your buck, you still want to be below that amount. Don’t overpay for a property.
- Collect consistent rent. Whether you use my ROI formula or the 1% Rule, you need to run the numbers and make sure that everything makes sense before you purchase a property.
On today’s show, I’ll share more about what a high return looks like, and why it’s so important on your investing journey. I’ll share specific examples about what happens when you overpay for a property, and much more!
If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- What is the average return in the stock market?
- Why shouldn't you consult a realtor about investment properties?
- What is my personal ceiling for purchase price of a single-family home?
- How do you include the renovation costs in your overall ROI calculation?
- And much more!