THE BOOK ON RENTAL PROPERTY INVESTING (BY BRANDON TURNER)
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- Опубликовано: 12 июн 2024
- Support the channel by getting The Book on Rental Property Investing by Brandon Turner here: amzn.to/35iu1Sm
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This is my take on The Book on Rental Property Investing, where I summarize the, in my opinion, most important advice of Brandon Turner. Get the full book, or head over to the BiggerPockets forum if you want to learn more about real estate investing.
A playlist of books that will help you to reach your financial freedom goals faster: bit.ly/38Z6I0Y
Top 5 takeaways from The Book on Rental Property Investing:
00:00 Intro
00:50 1. Why you should become a rental property investor
02:35 2. Why you shouldn’t become a rental property investor
04:44 3. The four wealth generators
07:09 4. What makes a good deal?
09:45 5. How do I find good deals?
TL;DW:
- Rental property investing has many upsides, such as the ability to use leverage and the ability to hustle for your returns, buuuut …
- … rental property investing also comes with its own downsides, such as the fact that the wealth building process takes a considerable amount of time, and that you’ll have to deal with difficult people
- Rental property investing generates wealth through appreciation, cash flow, tax advantages and loan paydown
- A good deal is one where you have a positive cash flow, preferably as high of a CoCROI as possible
- Look for properties with problems that are easy to fix, but that scare away the competition, nonetheless. Your future bank account will thank you for it.
My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there - investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties - I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process - upgrading your money-making toolbox.
A playlist of books that will help you to reach your financial freedom goals faster: bit.ly/38Z6I0Y
Pls make a video on The millinnore realestate investor..
Do the abcs of real estate
Also you should do the art of the deal
Holla! Nice video you have there! Very Infomative clip you have; have you done business with " Vidadsmedia Real income "? (Have a quick look on google...cant remember the exact words)? My step brother had some business with them and was impressed by their great treatment when they shared their experience about generating residual income !
Trading as a beginner was very difficult due to lack on trading experience, this resulted in losing my funds though I've been able to recover all that I lost, all thanks to Mr Charles_forex09 on Instagram , i never knew good trader still existed till I come in touch with him__
Pretty incredible how this channel grew exponential I can remember it was around 900 people.
I love exponential functions 😁 In RUclips just as in investing. Thank you for staying and supporting H!
I mean it’s kind of odd that this channel isn’t at 1M+ at this point
Edit. If this Chanel were a stock, it would be a penny stock and I’d throw like 5-9% of my IRA into it (sry I’d say 100 but that’s lying we all know to diversify) and wait.
You provide so much value with these book reviews it helps to pick what books to read myself!
The channel compounded at 30%
Have been a landlord for years, real estate agent and property management firm owner. I think this was a decent summary for those who have not been in the game long. You can dramatically increase the good sides and drastically downgrade the bad once experienced enough. Suppose that’s the same with any investing though. Good luck on your journey everyone.
Hey Jade thanks and appreciate any perspective on what do you think about investing in this pandemic climate seems to be giving me cold feet to buy a rental right now because of potential tenants not paying or having to pay. Much success and Thanks again for any advice
@@jmm1817 I'm guessing you are in a country heavily affected by covid? If you already own property, especially in a scarce location, then I would hesitate personally. Their is a housing bubble...well actually there is an everything bubble at the minute. However it may continue for a long time. Inflation and low interest rates says holding debt is good as long as you can service it. If you don't own then i'd suggest buying and living in it with flat mates that way you are hedged somewhat. Its crazy out there.
@@jadepenn7407 thanks for the perspective👍
@@jmm1817 No worries. Pretty difficult without any context and the macro outlook
@@jadepenn7407 What do you mean with the macro outlook?
Have been a landlord for years, real estate agent and property management firm owner. I think this was a decent summary for those who have not been in the
A bad roof is subjective for a 'good deal'. Depending on where you live, if there's a ton of rain for example, a bad roof that leaks is usually something you want to avoid because it often comes with mold, which is expensive to replace. It means you can have molding walls and floor, and now you're not just replacing the roof, you're also replacing anything that came into contact with that leak. Sometimes it means condemning the entire house if there is black mold. So just use your discretion.
Thank you so much for your efforts, you help me and probably many others find the right books to get financially educated. Keep up this amazing work!
I have 2 rental income properties, fantastic boost to my income!!
I have 15, now they are my income
@@wildtill9 I`m looking to get into the game. Would you say getting a cocroi closer to 10% is realistic?
I am a regular visitor to your videos...I really appreciate your work,keep it up! Would like to see many more videos regarding Real Estate investing
It is very important for one to start with investment but how to think before and what all the points one must know are very helpfully explained. Thank you.
Amazing video as always, love this channel
Yes! Was waiting for this one!
Could you write a review of Building Wealth One House at a Time: Making it Big on Little Deals
Book by John Schaub
robert mecker, thank you for your suggestion! Considering the number of likes that you made on this comment, I will probably add this as an alternative in my next community "poll" 😁
reading Building Wealth One House at a Time by Schaub currently.
Absolutely loved this video! Looking forward to more property vids from you!
Awesome Will Jones! Cheers 😁
Dude, you are one of my favorite youtubers. New fan
Hats off to the youtube algorithm 🖒
Well-done! More on this topic, please!
Another Great Video once again!!! Your Channel, Mike Maloney, Graham Stephan and Belangp are the ABSOLUTE BEST RUclips Channels on Investing!!! Keep up the great work :)
Royal Tunes thank you for your support! Also interesting to hear about which other channels that you are viewing 😁 (and flattering to hear that you hold this channel so high in regard)
Love your channel so much!!
Thank you! Very informative and easy to digest video!
🙌
More real estate videos would be incredible. Also, great work your channel is incredible. I love the focus on this niche and your presentations are well thought out. keep consuming books!
Thanks a lot Sameer 😁👌 Cheers man!
Great summary! Thanks for the work you do!
Cheers Luis Perez! 😁
Leaning a ton on this channel man. Thanks a lot!
Glad to hear it Karl Patrick Espiritu! Hope I'll be able to produce more valuable content for you in the future!
This channel is so good that I let the ads play so it gets that ad sense 🤣
Wow I just got this book from a friend yesterday! Can’t wait to read it
Investing Engineered would you recommend it?
Filip Buczyński yes it was great
Rentals are a tough game to play but once you learn the rules you can do quite well
Keep it up, man!
Loved it. Great video
I Just Imagine Graham Stephan When This Came On My Recommend..
Keep The Good Work Dude !
I would love to someday invest in real estate! Thank you for this summary!!
Financial freedom by end of this year thanks to videos like this
I smashed the like button twice to make sure it is smashed in pieces
Ahahah, love it Damjan Tasevski, cheers! 😍
Hmm...If you smash it twice, it won't leave a like lol
Nice then I Smashed That Like Button 3 Times
@@TheSwedishInvestor I smashed it 1,001,001 times. Love your work.
I smashed it so hard it exploded like the death star.
Följt din kanal ett tag nu och är riktigt imponerad!
Love your videos men
I love this. Every other channel is so boring about this topic
Thank you for this video! I can say a lot about the real estate investing because I've been practicing it for some time now but for the time being I will only argue that the commercial and industrial properties are a much better option than the housing properties. Dig in, Swedish investor. Admirations for the channel!
Thanks for sharing Valentin! Why would you argue that commercial is more advantageous? 😊
How are those commercial investments holding up today?
awesome content
Please do his other book !! The book on investing in real estate with no and low money down
Thank you Swedish investor ❤
Man these videos are one percent of real world business.. Seriously
Ty
Smashed that like button
👊
You are sharp
Could you expand more on how you got the Cocroi?
Your summary of dhandho investor is shared by monish pabrai
I dont know why i had that feeling to ear a smash that like button somewhere in the video :)
i love labyrinth home and jungle garden! best is a labyrinth jungle in the garden. i dont want to see other people and other anything. only my labyrinth jungle
What software do you use to create the animation? Thanks!
Please Review the 3 book for super real estate investor
1. How I Turned $1000 into Five Million in real estate By Willim Nickerson
2. How Real Estate Fortunes Are Made by George Bockl
3. How To Wake Up The Financial Genius inside You By Mark O Haroldsen
Thanks
Awesome Handy Japar, thank you for your suggestions. I will add these to the suggestions list. Let's see if more people ask for them in the future.
@@TheSwedishInvestor yes we want these
"In the stock market, you are put in jail for insider trading."
Nancy Pelosi: "Hold my icecream."
I almost bought the book, but I think your summary is enough. Thanks!
No. If you're serious about getting into real estate investing, you should still buy the book, along with his book on managing tenants.
@@Zoetherat why he needs to buy when Swedish Investor said well enough?
@@patek92 Because there's a lot of information in the books, and because it's a big investment in money with a lot of risk if you don't know what you're doing. There are lots of ways that you can screw it up, and there are lots of people out there who have been ruined by bad real estate investments. I read lots of books before i bought a rental property, as well as reading blogs and listening to podcasts, and i still almost made some big mistakes because those resources can't teach you everything and can't prepare you for everything. I've owned the property for a year now and i'm still a novice. Going out and buying a house because you watched a 13 minute video would be flat out stupid. I don't understand why anyone would think that would be a good idea.
@@Zoetherat yes but i mean summaries lot of time better than the og books, because summaries are straight to the point, and books are bullshitting a lot before getting to the point
@@patek92 If you want to put tens of thousands of dollars at risk based on a summary, that's your choice.
Do you have a link to the cheat sheet from this book?
Im still going to put all my money in stock The fund VOO
I think that make a comparation between stock returns and real state returns are difficult, we need to considerate that this level of leverage you can just find in real state, so your return must be way bigger and your risk Aswell because you are using the money or someone else money.
Smashhhhhed the LIKE buton into pieces
Thank you so much! This video was really interesting and informative.
Can you please make another video about this subject with more examples?
Thank you Johan Zonderland! I think there will be more videos on rental properties in the future 👍 Probably more examples as well, as I could only cover the broadest concepts in this one.
Hej, kan du göra en book review på grant cardons real estate bok?
If you're looking at your return on investment and comparing it to the stock market, I think you have to include the equity growth over time, including appreciation. I calc my return at 25-30%.
it's also very relevant to note that for investment property loans you normally have to put down 20%. If you have any equity in your primary residence, you can refinance with a cash out to get the down payment on your second home
have u done it or just calculating it? =)
@@UwUPLAYZ. I've got 2 rentals with positive cash flow and a couple multiples on my investment over the last 8 years. Granted, housing market had been good since 2012. But if you have a 5% growth in price, and 4:1 leverage on your cash with the banks loan, that's 20% return before positive cash flow.
Funkar detta även i sverige? Finns många lagar om hyresgäster
The problem with rental is that it does not increase as fast as cashflow in good quality businesses. That's why I prefer to invest in high quality stocks for the portfolio on my channel.
Investing Education but its good to add rental income in the future as another source of income
@@jartagniancopria1120 True some alternative revenue streams r good
It has taken me over a year to read this book. I can’t even watch the video until I’m done reading it.
Why so long ?
What are tax advantages
Yoh do strait path to real estate wealth
Hey m8 ! Great vid
Pls help me out ! What are the best 3 or 4 books for me to read before I start investing (assuming I know nothing about investment and I wanna know a good amount before investing )
1. Book that most recommend is "the intelligent investor"
Depends on the type of investing. I think "the index card" is a good general personal finance book, even if I don't agree with all of it. I love "the richest man in babylon" as an abstract personal finance book. I like Brandon turners books for real estate. I don't know stock market investing so I can't give advice there, but Warren buffets biography is an excellent read.
9:00 a property you bought $60K that you can rent for $1500 / month ? That's a good deal. Houses in my region cost at least 3 times more for that rent amount.
$60k is high from my understanding of buying my first house. The lender only wanted $5k down payment on my $200k house. Given, now I have a $60/mo PMI fee but it's made up for by getting my renter income.
I agree. Numbers are not realistic.
Contractor, mortgage deals and property deals
Use insider knowledge
Passive income
Consistent action over time
Research
Set up as a business
1. Appreciation
Natural - inflation
Forced - build
2. Cash flow - income minus expenses
3. Tax Savings
4. Loan Payment- principal and interests
***Good deal
The Swedish investor MY BEST RUclips CHANNEL. Greetings from Algeria
m bit confused! Where to get the 60k DP? And how to calculate the 6% COCROI? Any body? 😭
11: 37 - 12:07
Curious if you watch Alux videos as they just mentioned this book this past week in their 15 books video.
Justin Murcray what's good future Billionaire
I don't actually. I've seen a few of them in the past, but non of the recent ones 😊
As a landlord my self I recommend it. I houshack and have no expenses. It enables me to key word here. Comftorable invest 75 percent of all income and when me and my fiance are both done with accounting school and CPA stuff I suspect that will go to 90 to 95vpercent
När ska du göra en video om den svenska marknaden?? 😉😉
Bad smell is the smell of money - said the people living in Frövi near the factory that smells.
Can you do more books about real estate
I have at least one in the pipeline :)
THX roi must 6% or more
5:22 My parents got a house in LA for 101K in 1997 and now it's worth 1.3 million. If only i had been born earlier D;
Is THE NEW TRADING FOR A LIVING a good first book to read before investing (assuming I'm a beginner)
His video, THE SNOWBALL EFFECT by Warren Buffett is a good place to start.
@@YaegolClothes I've seen all the videos , but in this case I'm talking about the book itself
What books are nice to begin ?
I would start out with "One up on Wall Street" or perhaps "The Dhandho Investor" if you want to become a long-term investor Pedro M. 👍
5:40 we are seeing you first time.
🙄
In india bank emi is 25000 and rent is 10000...
I tried to be a passive income landlord for almost five years. it was a disaster. after all expenses, capital improvements, and lost income between renters it was a loss. it is a choice that doesn’t work for me. i am far more adept at generating passive income in the stock market. I am glad I tried it though. Now I know.
Rental properties are not easy, they are not hands off (if you want to make a decent profit) and they are not for everyone. Too many are sold with the idea of sit back and watch the money pour in
But if you do your own repairs and management you can make a strong return on your investment
That’s unfortunate you’ve had a series on bad events. Maybe stick with what has worked for you😃😃
wildtill9 i make a strong return even with management fees I have to use them though I’m away from home and out of country too much for my own repair or management
🙌🏽🔥
hello friends
Awesome Video! Let's be friends!
Hey, I know this guy 👊🏼
Is this possible in Sweden or are there restrictions on becoming a rental investor?
It is absolutely possible! 😁 27% tax on capital gains, that's one thing that may be a problem, and there are some laws regarding the replacement of tenants that may cause issues
@@TheSwedishInvestor Yes I understand that tenants have so much rights that If they do not want to leave your property - they don't have to under the law!
I smashed it hard
😂 savage!
12:43
Graham Stephan for life
Hi, I'm new to this topic, I have the audio book, and I would like to ask someone who has experience on this subject to help me out:
On the chapter 3 (four sample plans), regarding Plan 1, Brandon Says :
Cash flow of 200usd per month
10% valuation through forced appreciation
20% discount
And then gives the following examples:
PRICE 100K
BOUGHT FOR 80K
20% DOWNPAY = 16K
WORKS = 4K
NO CLOSING COSTS
Then Year 1 Summary:
Loan = 63.5k (I don't get it❌️)
Value = 110k (10% valuation ✅️)
Cash flow = 10k (wasn't it 200usd per month?❌️)
Equity = 46.5k (?❌️)
Networth = 56.5k(=Equity + Cashflow)
I don't get it... help would be greatly appreciated!!!!
Cash flow! Cardone! Lmao
If you only want to invest in rental properties then why not buy real estate investment trusts (REITS) that is also available in India also and you can also invest it globally. Moreover, it is managed by the professional Management which has very long track record of managing these kinds of properties.
Now the big foreign institutional investors have recognise the potential of rental properties and huge amount of money will come in this area through REITS which will wipe out small rental PLAYERS.
just watched minority mindset's video on same topic ;)
jabratt
Channel and content...amazing!!
If I could suggest an idea that would give us an overall better experience, is if you gave us your thoughts and feedback on the books you read or listened to & if you've implemented any of the teachings. Vids seem a bit short for all the info a book contains. I say a 20 min presentation would be amzing!! But if you keep things "as is" im gr8full as well!🍻🙋
Thank you for this suggestion Jackson Brown! 😁 I will consider this. Perhaps give it a try in one video and see what people think about it 👍
Sir, I loved your video (as usual, I come here at dinner's time everyday)... I have one question for you... do you believe in the future of the blockchain technology? If so, you may want to take a look at (d.tube) It's a decentralized youtube platform, I don't know you may like it! Cheers!
I appreciate it Bitcoin Brokers! 😁 To be honest I have no insight in blockchain at all, so my opinion in this is not really qualified
This book or rich dad poor dad?
Lots of risk. Leverage = debt. If tenants don't pay, you pay. When they don't pay, they trash your place. Seen it many times.
Is there is any 17 years old boy like me watching this financial youtube video
You will not succeed at anything and should just give up and become a baldingindianjanitor in Dubai 👍
Swedish investor is head and shoulders better than Graham Stephen any day. Hands down!
Make videos on mistake on real state?
Swedish investor you are demigod
Karan Saxena 😍