98: Cap Rate, Cash-On-Cash Return, and Equity Management
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 26 August 2016
⏱️ 40 minutes
🧾️ Download transcript
Summary
#98: Turn your $100K into $300K over five years with five turnkey income properties. See exactly how. Also, Cap Rate, Cash-On-Cash Return, and Equity Management are explored.
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Listen to this week’s show and learn:
01:03 Special technique to help you get more rent for your property.
04:37 How to add value to a multifamily property via NOI and Cap Rate.
08:58 Cap Rates versus Cash-On-Cash Return.
11:51 Neighborhood character affecting valuation.
13:50 How to create wealth with five turnkey properties over five years.
21:24 Amazon lockers are changing apartment buildings and consumer behaviors.
25:02 Keith’s HELOC application was denied! Details.
27:02 Earthquakes. The return from home equity is zero.
31:29 The borrower is in control of a loan, not the lender.
32:22 Why “Live Below Your Means” Is Bad Advice.
Resources Mentioned:
Transcript
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| 0:00.0 | Get Rich Education is brought to you by Corporate Direct, Norada Real Estate, and Ridge Lending Group. |
| 0:10.9 | 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 |
| 0:22.9 | than anything else and can provide you with more wealth and happiness than you ever thought |
| 0:28.4 | possible. Now, here's your host, investor, entrepreneur, business owner and educator Keith Weinhold. |
| 0:40.6 | Welcome to Re Rich Education episode 98. Thanks for being here. I hope that you have had a |
| 0:46.4 | great week. I'm back to help you build your wealth and cultivate an abundance mindset because |
| 0:52.4 | we live in a world of abundance, yet the scarcity mentality is |
| 0:55.9 | abundant and the abundance mentality is scarce. |
| 0:59.4 | I've got some specific ideas that will help you build your wealth today. |
| 1:03.4 | I recently upgraded three units in an apartment building of mine, and I think that there |
| 1:08.1 | are some stories here that will help you. |
| 1:12.5 | Yeah, after I upgraded three units in my apartment building, my property manager's leasing agent was trying to see |
| 1:17.8 | how much rent they could get for the newly renovated vacant units. Okay, how much is the market |
| 1:24.3 | going to give us? Now, in order to get more rent and kind of test the top |
| 1:28.8 | of the market and stretch it out here, here's what my manager did and here's what you can do |
| 1:34.3 | when you have multiple vacancies at once. My property manager showed a vacant unit to a |
| 1:40.6 | prospective tenant and told them that the price is $1,300, okay, for these two-bed, one-bath |
| 1:47.6 | apartment units, $1,300. Now, that was kind of pushing the boundaries of the upper end of the |
| 1:53.7 | market. Now, if the tenant goes ahead and accepts that $1,300, well, that's great. We just |
| 2:00.6 | stretched what we could rent the unit for with these new renovations, and we were |
| 2:05.6 | successful, all done. |
| 2:07.3 | But now, if you're showing that tenant that unit and you can feel that the tenant doesn't |
... |
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