348: How To Raise Rents, Update On Florida Income Property

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 7 June 2021

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

With only small rent increases, your cash flow can rise 20-50%. Learn how to successfully achieve these small rent increases.

Also, learn what to never say to your tenant. It’s a mistake that I made.

Make gradual rent raises and provide justification for the increase.

Florida’s surging net in-migration provides tons of rent-paying tenants. The numbers work here for out-of-state investors.

Learn more & get properties at www.GetRichEducation.com/CentralFlorida

These new construction SFRs are often $200K. Investors must come in all-cash and do a cash-out refinance later.

This BRRR is: Buy, Rent, Refinance, Repeat. (No rehab.)

Rent-to-price ratios are near 0.8%. Insurance premiums are often extremely low on these brand new builds.

Renter demand is astounding. There are more than 1,000 tenants on waiting lists for these new-build Florida SFRs on quarter-acre infill lots.

Get started with new construction Florida income property at: www.GetRichEducation.com/CentralFlorida

Resources mentioned:

Find new-build Florida income property:

www.GetRichEducation.com/CentralFlorida

Show Notes:

www.GetRichEducation.com/348

Get mortgage loans for investment property:

RidgeLendingGroup.com

JWB’s available Florida income property:

www.CashFlowAndGrowth.com

Ali Boone’s Recommended Book:

https://amzn.to/2NsMVlF

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Transcript

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0:00.0	Welcome to GRE. I'm your host Keith Weinhold. Learn how to raise the rent on your tenant without losing them,
0:07.0	including the thing that you should never say to your tenant or you will lose them. Also, how a small rent increase can increase your cash flow by 50%,
0:16.3	then an update on one state that has the hottest in migration trends and what makes it one of the best places in America for income property today on get rich education.
0:29.3	The people that our listeners can't stop talking about are Ridge Lending Group and MLS 42056.
0:35.3	They provided GRE listeners with more loans than anyone, and it's where I got my last few loans.
0:40.8	They financed single-family income property up to four plexes.
0:44.2	They're the number one lender for beginners and veterans.
0:47.1	Start your pre-qualification, chat with President Chaley Ridge personally, and get your custom
0:52.1	plan for expanding your cash flowing portfolio, start at
0:56.1	ridge lending group.com. A lot of investors choose either cash flow or home price appreciation,
1:04.5	but one real estate market could provide both Jacksonville, Florida. With 27% lower home prices
1:10.6	than the national median and 1% higher rents,
1:13.4	their market has appreciated 34% more than other comparable cash flow markets over the last 30 years.
1:19.7	Get positive cash flow today and appreciation for tomorrow.
1:23.5	They often have available inventory in Jacksonville.
1:27.4	Start at cashflow and growth.com.
1:33.7	You're listening to the show that has created more financial freedom than nearly any show in the world.
1:41.1	This is Get rich education.
1:45.0	Welcome to GRE from St. Augustine, Florida to St. Mary's Pennsylvania.
2:01.5	And across 188 nations worldwide, you're listening to one of America's most listened to shows on real estate investing.
2:08.6	That's our major with minors in real estate economics and wealth mindset.
2:14.7	My name is Keith Weinhold.
	...

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