🎁 Start your journey with Lane’s free Remote Rental eCourse at theWealthElevator.com/firstdeal

In this episode, we dive deep into Capital Expenditures (CapEx) assumptions for property underwriting. You'll learn what CapEx is and how it differs from repairs and maintenance. We discuss three methods to calculate CapEx: using one month's rent, using 10-15% of your income, and creating a lifecycle cost analysis spreadsheet. The host also shares tips on financing upfront repairs to manage costs and ensure long-term savings. Don't miss the valuable action plan provided at the end to help you accurately reflect CapEx in your property analysis.

00:00 Introduction to Capital Expenditures (CapEx)

00:10 Understanding CapEx and Its Importance

00:52 Calculating CapEx: Three Methods

01:17 Pro Tips for Managing CapEx

02:01 Building Your Own CapEx Spreadsheet

02:39 Final Thoughts and Action Plan

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.

🎁 Start your journey with Lane’s free Remote Rental eCourse at theWealthElevator.com/firstdeal

In this episode, Lane discusses his decision to sell his Seattle rental properties despite the recent market appreciation and tech money influx. He explains the concept of Return on Equity (ROE) and its importance in evaluating real estate investments. Lane shares specific metrics and calculations, revealing that a 2% ROE from his Seattle properties was insufficient compared to other investment opportunities. He emphasizes the need to analyze and leverage 'lazy money' in real estate portfolios to achieve better returns. Lane concludes with actionable advice for investors to evaluate their properties systematically to optimize financial performance.

00:00 Introduction and Podcast Overview

00:06 Seattle Real Estate Market Insights

00:26 Evaluating Property Performance

00:49 The Concept of Return on Equity (ROE)

01:42 Decision to Sell and Reinvest

02:28 Action Plan for Investors

02:46 Conclusion and Call to Action

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, we discuss the importance of balancing work and play, using 'Settlers of Catan' as a metaphor for real estate investing. The video explores common regrets of those nearing the end of their lives and the necessity of having fun. We delve into the parallels between the strategy of the game and real estate investing, breaking down how different stages of investments mirror the game's resource requirements. Practical investment tips and exit strategies are also provided, along with an action plan to avoid analysis paralysis and encourage finding a mentor.

00:00 Introduction: A Different Kind of Topic

00:07 The Importance of Play

00:44 Settlers of Catan: The Game Everyone Should Know

02:05 Real Estate Investing Lessons from Catan

03:05 Strategic Investing: Planning for the End Game

03:19 Common Pitfalls and Lessons Learned

05:10 Action Plan and Conclusion

To help you get started grab our remote rental ecourse at theWealthElevator.com/firstdeal. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

Hosted on Acast. See acast.com/privacy for more information.