The Scaredy Cat Investor Show - Live at 8pm UTC (3pm EDT) Today!
It's another Tuesday and time to talk crypto, real estate and investing on a whole.
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Today on...
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- A check on the crypto market and look at the charts.
- A presentation on how other people build your wealth when owning rental properties.
- We always bump some tunes on the show too!
Listen to it all on MSPWaves
Hear it on discord: https://discord.gg/ZvwASjs
Join audience chat: https://discord.gg/77MCBer
Or stream on the site: http://mspwaves.com/home/listen/
Oh. Champions league will keep me busy at that time
Loved the show! BTW, I don't think you said this on the show but, how do you normally choose how much the rent is? Do you have like a % of the house appraisal price that you think it's right? Or do you just go by the rents around the same area?
Did see your question, may been the part of show you missed. As for estimating rent I take a look at all the current listings high and low and use median price if that is all I have to work with otherwise I prefer to take all of the closed listings (usually need agent MLS access for this) and take the median of those prices as that is what rents actually are as opposed to what landlord are asking. Asking price is usually not more than $25-50 a month more than what is actually received though.
Ohh, that makes sense... A little market research to find the perfect price... I would love to get into rentals, but I'm still a college student, so I have almost 0 money to do that.
In the UK it's a lot simpler, you can do a rent2rent contract where you rent the house, put some furniture on it, and you can rent it again... I've seen people starting with 5k and after 1 year they had enough income to buy an actual property instead of renting
That's awesome man. Maybe you can partner up with someone that has a little money to invest. It happens way more than you think.