Ask Marco - Do providers mark up the price to hit the 1% Rule? | PREI 161

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Business, Entrepreneurship, Education, Business:investing, How To, Investing

4.6 • 968 Ratings

🗓️ 27 June 2019

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ask Marco - Do providers mark up the price to hit the 1% Rule? | PREI 161 So today we get a question coming in from Dave. In fact, this came in yesterday or the day before and it is related to the ask Marco episode I did last week about the rent to value ratio. And this one is actually a little bit more specific cause he's referring to it as the 1% rule, which a lot of people refer to it as and he says, Hi Marco. I've been a fan of your podcast for years now you provide great investing insight and knowledge in a trustful non-objective manner. Thank you for that. As you being in the turnkey business, can you explain why the 1% rule seems to be the baseline in the rent to value ratio? Sometimes it's a little over and under, but usually close when looking at the turnkey listing. Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing: http://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you!

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you learn
0:05.2	how to build substantial passive income while creating wealth for the long term.
0:09.2	And now here's your host, Marco Santorelli.
0:12.3	Hello my friends and welcome to another episode. Now here's your host, Marco Santorelli.
0:13.1	Hello, my friends, and welcome to another episode of Ask Marco,
0:16.7	where I answer your investing related questions.
0:20.2	So today we get a question coming in from Dave.
0:23.2	In fact, this came in, I think yesterday or the day before,
0:26.8	and it is related to the Ask Marko episode I did last week
0:31.8	about the rent to value ratio and this one is actually a little bit more specific because he's
0:36.7	referring to it as the 1% rule which a lot of people refer to it as. And he says,
0:42.8	hi Marco, I've been a fan of your podcast for years now.
0:45.5	You provide great investing insight and knowledge
0:47.9	in a trustful non-objective manner.
0:49.8	Thank you for that.
0:51.1	As you being in the turnkey business, can you explain why the 1% rule seems to be the
0:56.5	baseline in the rent-to-value ratio? Sometimes it's a little over and under, but usually close.
1:02.5	When looking at the turnkey listing,
1:04.2	nine times out of 10, I can guess the rent
1:06.5	based on the asking price, which is close to 1%.
1:09.8	Do turnkey providers typically mark up the price
1:12.4	to hit the 1% mark.
	...

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