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

In this episode, we dive into the impact of mindset and money in real estate investing. We compare the past caste system to modern financial divides and share personal experiences transitioning from single-family homes to apartments. Learn the importance of collaboration over competition and gain actionable insights into networking with an abundance mindset in the real estate community. Concluding with a practical action plan, this talk encourages building synergies and fostering helpful relationships.

00:00 Introduction and Importance of Reviews

00:02 Mindset and Money: The Modern Caste System

00:20 Starting in Real Estate: My Journey

00:36 Challenges in Wholesaling and Bird Dogging

01:03 Competition in Rental Investments

01:20 The Scarcity Mindset in Real Estate

01:39 Shifting to a Collaborative Approach

01:57 The View from the Top: Investing in Apartments

02:19 The Abundance Mindset and Success

02:57 Action Plan for Real Estate Success

03:30 Conclusion and Farewell

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, we explore essential reads from a passive investor's perspective. The host shares recommendations, including four critical real estate books: 'Rich Dad Poor Dad', 'Millionaire Real Estate Investor', 'Cashflow Quadrant', and 'Equity Happens'. Additionally, three top business books are suggested: 'The Four-Hour Work Week', 'E-Myth', and 'Think and Grow Rich'. The episode emphasizes the importance of taking action alongside reading and offers an action plan to get started in real estate investing. Visit simplepassivecashflow.com for more resources and to support the site through affiliate links.

00:00 Introduction to Passive Investing

00:25 Essential Real Estate Books

02:21 Key Business Books for Investors

03:27 Taking Action Beyond Reading

04:38 Final Thoughts and Resources

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, 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.