Should you invest in a long-term vacation rental?

Realtors are often under-invested, The Solution today goes into detail about how long-term rentals are a successful way for agents to become pro-investors. Jeff and Phil talk about the ups and downs of managing properties including various overhead costs, outsourcing companies or working from home, expectations and outcomes, turnovers, nightly rates, lease rates, and more.

Thanks for listening to our last episode of season 6. We hope you’re excited about what’s next on season 7 where we focus on the lifestyles of an agent.

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🏠 REAL ESTATE AGENTS!

🤔Want to learn how to get a $5 million net worth?

📱 Download your game plan here 👉 https://www.agenttruth.com/

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Want more real estate tips and strategies?

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First time here and want to know everything about getting into real estate, growing your real estate business, or eXp Realty? Then subscribe ▶ and tap the bell 🔔 for notifications to be the first to know about the latest real estate strategies and tips.😁

Every day people like you reach out to us looking for help with their real estate business. Whether you want to get your real estate license, are looking to expand your sales and marketing skills, or need one-on-one coaching and support, give us a call 📞, shoot us a text 📝, or send us an email 📩 so we can help!

#realestateinvesting, #investinginrealestate, #investmentproperties #realestate, #realestatecareer, #realestatepodcast, #realestatecoaching, #agenttruth, #howtomakeaprofitinrealestate, #realestategrowth, #growwealth, #investment, #retirementplan, #invest, #leaserate,

Today’s podcast is a follow-up to our last episode where we shared the most profitable thing you should do in real estate. We’re sharing how to earn money in real estate without working. This episode is all about ways to build alternative sources of income by acquiring houses.

We introduced the Certified Opportunity Procurement Process, which is helping you identify properties that can have a positive cash flow and would be good as a rental property. We’re looking at properties that are going to be at least 20% below the highest comp in the neighborhood.

What Matters When Looking at Investment Properties

1. In the Certified Opportunity Procurement Process, do days on the market matter? The short answer is no, as they do lead to opportunities. On the other hand, days on the market do matter as it helps to identify motivated sellers.
2. Do price reductions matter? There’s an unwritten rule that a seller won’t accept anything more than 10-15% from the asking price. It is something we’re using as a tool to help identify people who are motivated.
3. Do you like to target the highest price per square foot rental price areas? It’s not that easy. You miss too many opportunities that may not be in the highest rental price markets.
4. As properties go through the Certified Opportunity Procurement Process, how much do you consider the down payment? This is highly considered as it affects your overall cash flow.
5. Pool or no pool? You typically get a higher return on a home with a pool, but there are other factors to consider such as the condition and size of the pool and is the pool gated.

If you came here to learn how to earn money in real estate without working, find passive income rental properties. Let us help you qualify them to make sure they match what you’re trying to build in your portfolio.

These last two episodes likely triggered some questions so we’ve arranged a special Q&A via Zoom on Monday, August 8th at 1 pm PST. We invite you to join us and share this with anyone else you think might be interested.

🎦 Register for the meeting via Zoom 👉 https://us02web.zoom.us/meeting/register/tZYvdeuhqD8tEtGqdKdyhNDKNhJnKYpKEB-W

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🏠 REAL ESTATE AGENTS!

🤔Want to learn how to get a $5 million net worth?

📱 Download your game plan here 👉 https://www.agenttruth.com/

⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️

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Want more real estate tips and strategies?

▶ Subscribe so you don’t miss an episode 👉https://bit.ly/AgentTruth

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Every day people like you reach out to us looking for help with their real estate business. Whether you want to get your real estate license, are looking to expand your sales and marketing skills, or need one-on-one coaching and support, give us a call 📞, shoot us a text 📝, or send us an email 📩 so we can help!

#earnmoneyinrealestate #realestateinvesting, #investinginrealestate, #earnmoneyinrealestate #investmentproperties #realestate, #realestatecareer, #realestatepodcast, #realestatecoaching, #agenttruth, #themostprofitablethingyoudoinrealestate, #howtomakeaprofitinrealestate, #realestategrowth, #growwealth

The most profitable thing you do in real estate is to invest in real estate. In this episode, Jeff and Phil discuss how you can earn passive income while earning equity in your home.

Do you wonder what you’re going to do if something goes wrong? How are you going to afford to pay for unexpected expenses? Why not leverage the equity you have in your home and take advantage of rental rates so you can have it all?

We want to help you grow wealth by showing you the ways that have worked for us. Our new Certified Opportunity Procurement Process ensures that you make money on every deal by creating a monthly cash flow. We’re here to help you figure out how to buy your first home or rental property to help build credibility with your clients.

Listen to the full episode to learn about the most profitable thing that we have done in real estate which is investing in real estate for ourselves. Do you have an investment property you’re considering? Reach out to us and let us help assess your situation.

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🏠 REAL ESTATE AGENTS!

🤔Want to learn how to get a $5 million net worth?

📱 Download your game plan here 👉 https://www.agenttruth.com/

⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️

============

Want more real estate tips and strategies?

▶ Subscribe so you don’t miss an episode 👉https://bit.ly/AgentTruth

============

Every day people like you reach out to us looking for help with their real estate business. Whether you want to get your real estate license, are looking to expand your sales and marketing skills, or need one-on-one coaching and support, give us a call 📞, shoot us a text 📝, or send us an email 📩 so we can help!

#realestateinvesting, #investinginrealestate, #investmentproperties #realestate, #realestatecareer, #realestatepodcast, #realestatecoaching, #agenttruth, #themostprofitablethingyoudoinrealestate, #howtomakeaprofitinrealestate, #realestategrowth, #growwealth