417: Laptop Landlords

You want to increase your expenses. I reiterate why.

All five ways that real estate pays are rarely surging at the same time. In the past year, appreciation has slowed, cash flow rose, principal paydown slowed, tax benefits are roughly the same, and inflation-profiting rose.

How do you become a "laptop landlord" and know that you're buying a good property?

I share my favorite resources for real estate due diligence (laptop landlording). They're all in the "Resources Mentioned" below.

One mistake people make is that they tend to overgeneralize. They paint an entire city one color, saying something like: "I read that Memphis has high crime." Well, where within Memphis?

You can contract with an out-of-state stranger to check out a property for you at WeGoLook.com

Aundrea Newbern, COO of GRE, MBA, NAR member (the woman with all the letters behind her name) joins me. She discusses her top real estate successes and failures.

We discuss floods, old cast iron pipes, partnerships, single-family vs. multifamily, LTRs vs. STRs, and the opportunity cost of waiting to buy property.

At times, if third-party inspectors see an issue, they refer you to specialists like foundation or mechanical inspectors.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/417

Due diligence resources: ATTOM Data Solutions, Redfin, CoreLogic, Zumper, Altos Research, John Burns RE Consulting, Neighborhood Scout, Google Street View, WeGoLook.com, bls.gov, US Census, FRED, GREmarketplace.com

I'd be grateful if you search "how to leave an Apple Podcasts review" and do that for this show.

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: [email protected]

JWB's available Florida income property:

www.jwbrealestate.com/gre or (904) 677-6777

To learn more about eQRPs: text "GRE" to 307-213-3475 or:

eQRP.co

Available Central Florida new-build income properties:

www.b2rdirect.com

Analyze your RE portfolio at (use code "GRE" for 10% off):

MyPropertyStats.com