010: "Analyzing real estate rentals using the 1% Rule" | WTW

Millionaire Mindcast

Matt Aitchison

Productivity, Stocks, Realestate, Lifestyle, Finance, Commercialrealestateinvesting, Personalgrowth, Entrepreneur, Business, Entrepreneurship, Rich, Mastermind, Money, Personalfinance, Millionaire, Mentorship, Realestateinvesting, Success, Mentor, Wealth, Investing, Millennials

4.4 • 716 Ratings

🗓️ 1 June 2016

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

While many real estate investors have made their fortunes through buy and hold investing, others are trying to understand what makes actually makes a good investment.

In this short 5 minute episode, Matty A dives into a simple formula that anyone can use as a rule of thumb when analyzing whether or not their next real estate investment opportunity is a good one.

By understanding this concept and the numbers behind it, you will be well ahead of most real estate investors in the marketplace. See why so many top investors use this as a rule of thumb when buying long term holds and how you can easily do it too when building your rental portfolio.

Transcript

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0:00.0	Episode 010.
0:02.5	It's time to talk about some wealth building.
0:09.2	Welcome to the Millionaire Mindcast,
0:12.1	where we broadcast weekly interviews with millionaire minds from across the globe
0:16.6	to empower you on your journey of unlocking a rich and fulfilling life.
0:21.6	It's time to unleash your millionaire within.
0:24.4	Now, here's your host, Maddie A.
0:30.6	What's going on, guys, and welcome to today's episode of Wealth Tip Wednesdays.
0:36.7	I am your host, Maddie A, and thank you for making me a part
0:39.8	of your hump day today. Hope everybody's kicking it off on the right note, no matter where you're at
0:46.0	or when you listen to this episode. I know today's topic can be a valuable tool and resource
0:52.4	for anybody that is interested in building wealth through real estate.
0:57.9	In particular, I'm referring to anybody that's looking to buy rental property
1:03.4	and gain some kind of cash flow or income from it over the long term of holding that asset.
1:09.7	And let me remind you why real estate has been such a powerful tool for so many people
1:16.7	for such a long time in their wealth-building journey.
1:21.9	One of Franklin D. Roosevelt's famous quotes regarding real estate sums it up best.
1:26.9	He says, real estate cannot be lost or stolen
1:30.1	nor can it be carried away purchased with common sense paid for in full and managed with
1:37.1	reasonable care it is about the safest investment in the world wow tell him frankie tell Frankie. Tell them, baby. You know, and that's such
1:47.4	a true statement right there. And that's why I personally have chosen real estate as one of my main
1:53.6	wealth building vehicles because of those reasons listed above, as well as many other applicable
	...

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