105: Texas Turnkey Real Estate Investing with Carl Dean
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 14 October 2016
⏱️ 49 minutes
🧾️ Download transcript
Summary
#105: Texas is a job creation juggernaut. Companies are being lured to Texas at a staggering rate by a business-friendly environment, low labor costs, and tax incentives.
Texas is where you have some of the fastest-growing, most economically stable markets in the nation.
Your durable rent income comes from tenant jobs. Learn about how to get into this market with an award-winning turnkey real estate investment provider at GetRichEducation.com/Texas.
Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities.
Listen to this week’s show and learn:
03:29 Turnkey real estate investing defined.
04:44 Win-wins.
05:16 Why turnkey RE is not too good to be true.
09:30 A “Tenant Inspection Report.”
11:34 Carl Dean interview begins.
13:39 Carl moved to Texas because that’s where the jobs and better properties are.
15:05 Is the Texas RE market overheating?
18:02 Medical, financial sectors. More than just oil.
20:19 Migration into Texas.
21:53 Property taxes.
24:03 Price sweet spot of $140K-$250K. Rent-to-value ratios.
25:15 Lease duration and 5% rent increases each year.
29:40 Plano and Frisco often have price points that exceed the cash flow “sweet spot.” Fort Worth and south Dallas areas are generally better.
32:18 3 Bed / 2 Bath single-family homes are the minimum size criterion.
35:07 Exit strategy.
37:58 A “cheap” property isn’t enough for an investor.
38:50 Placing the right tenant. Minimum $1,200 rent amount.
41:04 How does Carl find his inventory?
45:17 Cash flow in Texas vs. other markets.
Resources Mentioned:
Transcript
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| 0:00.0 | Get Rich Education is brought to by Norrida Real Estate Corporate Direct and Ridge Lending Group. |
| 0:08.6 | Cash flow real estate investors. This is Get Rich Education's Keith Weinhold. Did you know that you can finance up to 35 income properties all with one lender? |
| 0:18.4 | Ridge Lending Group specializes in investment property loans, |
| 0:22.4 | and they do it in almost every U.S. state. Ridge has worked with tens of thousands of real |
| 0:27.6 | estate investors and homeowners all over the country. They've been doing this for investors |
| 0:32.1 | for so long that at this point, they've helped more families realize their dreams of becoming |
| 0:37.4 | real estate investors |
| 0:38.3 | than any other mortgage lender in the country. To find out more, visit ridglinggroup.com. |
| 0:51.1 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than anything else, and can provide you with more wealth and happiness than you ever thought possible. |
| 1:09.6 | Now, here's your host, investor, entrepreneur, |
| 1:13.6 | business owner, and educator, Keith Weinhold. |
| 1:20.6 | Hey, welcome to Get Rich Education. This is episode 105. I'm your host, Keith Weinhold. My |
| 1:26.3 | Slackjot Act is back on track for another wealth-building |
| 1:29.5 | week. We need to sow seeds of prosperity because the scarcity mentality is abundant and the abundance |
| 1:35.7 | mentality is scarce. Today we're talking turnkey real estate investing in the Texas metros with a very |
| 1:42.5 | bright young millennial, whom is frankly a star in this business, |
| 1:46.7 | in my opinion. This guest and I met on this year's real estate guys investor summit at Sea |
| 1:51.9 | Cruise in Miami. First, I've got some great news for you. Peter Zion is returning to GRE. |
| 1:58.1 | Four weeks ago, you discovered how he was so powerful that I considered inviting him back |
| 2:03.6 | to focus specifically on United States geography and real estate investing, and we plan to do |
| 2:09.7 | just that. I had a number of you write in saying, yes, please, we would love to have Peter back. |
| 2:14.6 | That show is well down the road, though. The last time Peter appeared, |
... |
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