Managing Debt and Operations with Logan Rankin

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Commercialrealestateinvesting, Realestateinvesting, Cashflow, Smartinvesting, Apartmentinvesting, Investingsmart, Management, Buyingrealestate, Entrepreneurship, Business, Realestateinvestment, Multifamilyrealestateinvesting, Makingmoney, Buyingapartmentbuildings, Jakeandgino, Investing

4.9 • 842 Ratings

🗓️ 11 July 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Taravella interviews Logan Rankin. Key information: Rising inflation makes debt a major wealth building tool Manage debt before managing the real estate itself. Maximize debt as long as a property is financially When inflation rate is higher than your debt interest rate you are being paid to borrow Pay attention to not be under-leveraged just as much as over-leveraged Reposition quickly to decrease LTV and gain more equity than originally put in Tenants are willing to pay $150-200/month more for a home they’re proud of Underwriting is useless if you don’t have the team in place to carry the plan out Pain + Reflection = Growth Investor Pro Tip: View challenges as opportunities that take competitors out of the game Contact Logan Rankin on Instagram @loganjrankin or on his website loganrankin.com

Transcript

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0:00.0	Welcome to the RANCRE show, commercial real estate with no stone left unturned.
0:10.1	Hey, everyone, welcome to the RANCRE show.
0:13.5	I'm your host, Mike Taravella, and we have a recurring guest because he is absolutely taking over Wisconsin, and that's like an absolute
0:22.4	understatement.
0:24.2	The real man, the myth, legend, Logan Rankin, last time Logan was on the podcast, he had
0:29.6	a measly 700 units, and today he's at 1,100 with probably 400 under contract, maybe 800 by the end of this podcast. Welcome to the show,
0:40.8	Logan. How's it going? It's going great, man. I really appreciate it. Yeah, and it's been a lot of fun.
0:46.1	230 under contract. Well, give it a podcast. We'll see what happens. Maybe the operations you've built,
0:53.0	maybe a couple of hundred more hits. hits so but logan i think we were
0:58.1	talking before obviously last if you had to listen to last podcast what are you doing with your
1:02.8	life listen to the first logan rinkin podcast on the ran series show because he dove in very
1:08.8	technical but very well on the ops.
1:12.1	But today we're going to talk about managing something else.
1:15.2	And that is debt.
1:16.8	So Logan, before the show, we're talking about managing debt.
1:19.5	What had you kind of seen and what has your bent strategy with managing debt?
1:23.6	Yeah, I think that's such a good question.
1:26.9	And I do. I love operations and we talk a lot about
1:30.3	and it's very, very important, especially coming out of COVID. And obviously a lot of that's not
1:34.7	over yet. So definitely like if you are investing in real estate, whether you're managing
1:41.3	yourself or you are hiring out management or even if you're a
1:45.2	passive and syndicating deals, you need to understand the operations and how to manage the real
	...

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