He's Been Investing In Rentals For 40 Years - Here's What He's Learned With Carl Fisher (Ep 317)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8 • 836 Ratings

🗓️ 1 June 2021

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl shares what has worked and not worked in his 40 years of investing in rentals.

We talk about investing out of state, what properties make the best rentals, the most profitable number of beds to have in a rental, his strategy for long-term tenant retention, and buying rentals using an IRA

Transcript

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0:00.0	Inspiring interviews with today's top landlords.
0:04.7	This is the rental income podcast.
0:07.7	And now, Dan Lane.
0:09.6	Carl, you've been investing in rental properties for quite a long time.
0:13.4	I'm sure you've tried a lot of things over the years and you've seen what works and you've seen what doesn't work.
0:19.0	Yeah, Dan, I've been investing for over 40 years.
0:23.3	I've seen a lot. I think that I've trialed and erred almost everything. So, yeah, I believe I've got
0:31.2	things that will work in any markets, but by no means do I think that you can just set it and forget it with the changes that come
0:41.6	about in the economy, the technology, the laws, the taxes, etc. But I have a pretty good handle
0:49.0	on what works and what doesn't, I think. I've got a lot of questions for Carl today. On the show, we're going to talk
0:54.8	about his opinion on investing out of state, whether he thinks that's a good idea or not. We'll talk
1:00.5	about his strategy to keep long-term tenants. And we'll also see what type of properties have performed
1:07.1	best for him. Carl owns single families, duplexes, fourplexes. He owns some commercial
1:12.5	buildings. We'll see if there's one type of property that has been most profitable for him.
1:17.9	Joining us on the show today from Fort Lauderdale is Carl Fisher. We'll take a really quick break.
1:23.9	We'll thank our sponsors. We'll come right back and we'll meet Carl. A good deal on a rental property isn't going to last very long. To win properties today,
1:32.2	you need to move quickly when a deal comes on the market. But it takes time to analyze a property.
1:38.5	I want to let you know about an app where you can analyze deals on your phone in seconds.
1:43.9	It's called Ask Rick.
1:45.3	That's RIC for Rental Income Calculator.
1:49.0	You can analyze a deal with the push of a button.
1:51.6	You can figure out the rent, your mortgage payment, your expenses, and figure out the cash flow.
	...

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