February 23rd, 2024 6:46 PM by Eric Willner
Radio Show Notes 02/22/24 Thursday:
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"Master The Money Game: How The Real Estate Show's 3-Pronged Approach Guarantees Success!"
By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate.
Welcome to "The Real Estate Show," South Florida's #1 Real Estate Radio Show and America's longest-running daily radio show about real estate. I'm Eric Willner, the Voice of Real Estate, and the creator of The Automatic Landlord System for Owning Cash Flowing Real Estate. It's a virtual real estate seminar in every episode.
Theme Introduction: Today is Thursday, and it's the "ATM – About The Money" Edition of The Real Estate Show. We're continuing our discussion on why NOW is the time to buy real estate, focusing on the theme of Real Estate as Leadership and Foundation Building. Before we dive into the details, here's a thought-provoking question: Did you know that real estate offers the potential for multiple ROI streams, not just capital appreciation, including rental income, tax benefits, and depreciation deductions?
Today's Show is Brought to You By: www.TimeToFixMyCredit.com, our partner in bringing you homeownership regardless of credit, regardless of downpayment. For info, Text “Credit” to 561-861-2366.
Wednesday Night Workshop Recap: Last night's Financial Edge University Overview was a great success. Over 40 people attended! We are building a community of Streetsmart – Money Smart individuals. You can join us online by invitation; simply text “Edge” to 561-861-2366.
This week marks the 8th one of 2024, and we're delving into an essential element of Real Estate Success – Leadership. We talked how Homeownership provides stability… Leadership
Now let’s talk Real Estate investing and the Leadership role it fosters.
Scenario: Investing in a Median-Priced Home with a 1% Rent/Price Ratio
Imagine: Sarah, a real estate investor, is looking for a property that aligns with her 1% rent/price ratio strategy. This means she aims for a monthly rent that is 1% of the purchase price. In a market where the median price for a 3 bedroom, 2 bath home is $350,000, her target monthly rent would be $3,500.
Finding the Opportunity: Sarah starts her search by analyzing rental data in her target neighborhoods. She identifies a 3 bedroom, 2 bath home listed for $345,000 with similar features to other rentals commanding $3,500-$3,800 per month. This aligns with her 1% target and offers potential upside.
Negotiation and Purchase: Sarah negotiates the purchase price down to $340,000, solidifying a positive return potential. She secures financing and finalizes the purchase.
Rental Strategy: Sarah understands the importance of attracting and retaining quality tenants. She invests in minor cosmetic upgrades and ensures the property is well-maintained. She leverages online platforms and professional property management to efficiently find high-quality tenants willing to pay the targeted rent.
Financial Analysis: Based on the purchase price and targeted rent of $3,500, here's a simplified breakdown of Sarah's potential return:
Beyond the Numbers: This scenario highlights the importance of considering factors beyond just the 1% ratio. Sarah's success relies on good professional advice and:
Remember, this is a simplified example, and actual results can vary depending on various factors. It's crucial to conduct thorough research, consider individual circumstances, and seek professional advice before making any real estate investment decisions.
The 5 Star System and Continuous Improvement: We have a 5-star system to win at The Money Game, a 5-star continuous improvement system, and 5-star experts to coach you to win! Save more of what you make, make more/invest what you make, and multiply – leverage!
Text the word “Edge” to 561-861-2366 to join our community and gain the financial edge.
Conclusion: Thank you for listening to The Real Estate Show. Don't just listen; use our show to get started in real estate investing. Tune in every weekday for a literal seminar in every episode. Remember: It's a stone cold fact that real estate is the best investment. Period. It's the IDEAL Investment.
Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.
Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.
Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
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