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Are you interested in real estate investing? Perhaps you’re new to real estate or maybe you’ve been doing this a while. Either way, you’ll find the ROI Wealth Watch podcast to be full of insider knowledge. You might even say real estate secrets, but only if by secrets you mean the things only a true real estate veteran has learned the hard way. This is the show that will help you learn to buy real estate in the right markets at the right times.

Speaking of veterans, the ROI Wealth Watch podcast is hosted by Jared Garfield a veteran flipper, hedge fund manager, and turn-key provider with more than 20 years experience in the school of real-estate hard knocks. Jared is joined by his co-host, Tom Obenchain, a self-proclaimed investor advocate who wrings every bit of knowledge out of his co-host, Jared, so you don’t have to.

Whether you’re wanting to add to an already sizable rental real estate portfolio or start one from scratch, you’ve found the right education resource in the ROI Wealth Watch podcast.

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  2. The 1% Rule: Be Sure to Compare Apples to Apples

The 1% Rule: Be Sure to Compare Apples to Apples

Mar 12, 2018

Many new investors get caught up in the hype of the 1% rule. It's easy, after all, to think you'll be guaranteed great cash flow when your rent is at least 1% of the property's investment price.

But finer details make the real difference in investing, and the 1% rule can be relatively useless if you don't use it correctly. Today, Jared and Tom discuss the importance of comparing data from similar properties; that way, the 1% rule stays effective and accurate. 

 

"All things are not equal when you're just looking at the 1% rule.” -Jared Garfield

 

In This Episode of ROI Wealth Watch:

  • The basics of the 1% rule and how it affects investors
  • How to know when you're comparing apples to apples instead of apples to oranges
  • Why property taxes can make or break an investment
  • How to ask property management companies the right questions
  • The true solution to the 1% rule's dilemma of inaccuracy

 

Wealth Watch Words of Wisdom:

  • Compare market economics, including property taxes, vacancy rates, and population growth.
  • Compare demographics. Make sure crime rates, education levels, vacancy rates, etc. are similar when comparing apples to apples.
  • Compare property classes. Consider renovation prices, neighborhood grades, etc.
  • Compare property management companies. Ask each company about specific fees and stats.
  • It's all about net cash flow. The 1% rule is a great start, but it's not the only think you should think about.

 

Grab Your Free Gift!

Learn more about how real estate can deliver benefits that other investments can’t touch! Text “ROI” to 21000 to request your free, private link to our webinar video: The 12 Advantages of Real Estate. You can also text “ROI.1” to 21000 to get information on expert training when it comes to market cycles.

 

Help Others Buy Real Estate in the Right Markets at the Right Times!

Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!

And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.

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