4.3 • 602 Ratings
🗓️ 27 January 2017
⏱️ 49 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
#120: One of the few coastal markets where you can find cash flow is Jacksonville, Florida.
Fortune 500 companies, the military, and the seaport support this market, not tourism.
Learn about investing in these single-family homes with two and three-year leases, how unscrupulous management companies can manipulate you, and how to protect your cash flow.
Learn more at GetRichEducation.com/Jax
Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities.
Listen to this week’s show and learn:
00:54  Don’t follow money. Make money follow you.
03:31  Have a sound strategy. Don’t “throw darts at a map”.
04:02 Â In real estate investing, your team of pros (Property Manager) could be more important than the geographic market itself.
05:01 Â Gregg Cohen interview begins.
06:29 Â Cash flow in a coastal market?
08:04 Â Population growth, business sectors and industry. Amazon.
11:31 Â Jacksonville is younger than the rest of Florida. Age 35 vs. 42.
12:27 Â Panama Canal expansion and Jacksonville.
14:59 Â Property Management: How some companies manipulate you with 1-year leases.
20:46  2-year and 3-year leases as “the norm.”
24:42 Â Renovation & management companies have the same ownership. Communication.
29:15 Â How to protect your cash flow amount.
30:40 Â 3 bedroom, 4 bedroom, and 5 bedroom single-family homes. Screening tenants.
33:54 Â Florida Landlord-Tenant Law.
35:16 Â Property improvements.
38:10 Â Hurricanes and Jacksonville.
40:05 Â Rent-to-price ratio.
41:04 Â Minimum investment to get started, current inventory.
42:17 Â As a new client, provider pays up to $1,000 for your Jacksonville trip.
45:00 Â Our guest wrote three great Jacksonville turnkey RE investing reports you can get at: GetRichEducation.com/Jax
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Resources Mentioned:
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0:00.0 | Get Rich Education is brought to you by Norrata Real Estate, the real asset investor, and Mid-South homebuyers. |
0:11.4 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires |
0:22.1 | and billionaires than anything else, and can provide you with more wealth and happiness |
0:27.4 | than you ever thought possible. |
0:29.8 | Now, here's your host, investor, entrepreneur, business owner, and educator Keith |
0:36.8 | Weinhold. |
0:40.6 | Hey, welcome to Get Rich Education, episode 120. |
0:44.3 | Hi, I'm Keith Weinhold. |
0:45.8 | Heard in 178 nations worldwide. |
0:48.6 | Thanks for being here. |
0:50.2 | Don't follow money, make money, follow you. |
0:53.7 | That's what I like to say. Instead, most people follow money, make money follow you. That's what I like to say. |
0:55.1 | Instead, most people follow money, all their productive lives. |
0:59.9 | They uproot themselves and their family and they move to wherever a job opportunity is, |
1:04.8 | sometimes a job that you don't even like. |
1:08.0 | And you've got to be real direct with yourself and ask yourself, is that really the |
1:13.3 | life that you want to design for yourself? Do I want my life to be about following money? |
1:19.7 | Scarce mindsets answer their questions. Abundant mindsets instead question their answers with questions |
1:27.3 | just like that. |
1:29.3 | Live where you want to live and find the right team of professionals in a market where your |
1:33.7 | numbers make sense so that they can secure a passive income stream for you that follows you. |
1:41.3 | Now you're on the road to financial freedom so that you can truly live where you |
... |
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