the Millionaire Real Estate Investor Book Review | Gary Keller

The uniform property investor by Gary Keller. ✅2 FREE AUDIOBOOKS✅

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Now I’ve read a couple of books on property before and taking courses on property. However, this book is a touch various and not inside a bad way.

So within this video im likely to break my ideas concerning the book and also the 5 core ideas I required from it.

the Uniform Property Investor The Review Gary Keller

1. Buy and possess a Million dollars price of Property

Example: In ways Tommy that’s pretty very similar factor however, it’s really completely different.

– A: Purchase a million – My home is New You are able to, and when bought this house where we rent, well, it might be the same as me buying 500k price of property and when I purchased my neighbors house just such as this one, now I simply purchased a million.

However: Whether I put 20% or 3% lower or nothing Lower, the thing is, I would control millions of dollars price of property, however i do not have millions of dollars price of equity just debt.

– And when not appreciating and it is not cash flowing, then that could be a use problem

Things I learned is that this:

I wish to purchase a million, yes. However, I should also possess a million… as with a million in equity.

2. Hold or Sell ( there are other, but I wish to really concentrate on this)

Example: You are able to switch qualities for any profit or hold and cashflow and make some passive earnings, and often you will not income, however the value will appreciate.

Which:

Buying to carry: Can invariably provide a better cost simply because they do not have the tax after selling, and they’ll be holding to determine the home appreciate and cashflow.

Flipping is Job: As soon as you stop, the cash stops arriving

Pro: technology-not only like a foundation for the starter capital.

Things I selected:

I wish to Buy, live, Rent and hold: After which I should also make a move call extreme debt repayment which many people might disagree with, but it’s a showing method. ( Essentially, Take twelve months to dumb just as much cash in to the property to produce equity, then get another property… I’ll create a full video soon)

3. Planning, Budget, and Criteria

Example:

Planning: Is deciding why you need to enter into property and make some smart goals

Budget: You need to start budget spend of Check in order to save for the investments ( challenging for some and also have a video onto it )

Link: https://world wide web.youtube.com/watch?v=K2iqN4KT8eo&t=5s

Criteria: it’s honestly the most crucial from the book, it’s deciding what kind qualities you need to purchase, location, the deal, and much more.

Where I’m:

My Plan: I am not a flipper, I wish to build income and equity

Budget: I’m saving and really should have around just a little over 120k within the next couple of several weeks

Criteria: I’m focusing on it, whether I wish to remain in New You are able to or move elsewhere etc.

Remove: This book doesn’t just break lower the amount, however it enables you to consider details.

Example: My criteria is: I would like just one-home, 3 bedrooms and a pair of baths, made before 1950, and virtually no repairs needed. ( Ps, this not too detailed)

4. Help make your Money Moving in ( Terms)

Example:

After you have your criteria, you cannot break it, and should you choose, you against investing to speculating.

How it operates:

Should you stated your criteria reaches least a 30-40k discount value to make certain everything goes okay and also the figures don’t accumulate,or even the seller is providing you with difficulty, you may have to away.

– Move from a purchaser to Shopper

However:

If you notice a house that fits your exact criteria, then execute immediately

Remove:

Keep to the plan

Ps: the typical investor will appear at 90+ qualities before choosing one ( notice I stated, investor)

5. Leads, Marketing, and Maintenance

Example:

You cannot get it done alone, you’ll need a network to offer you leads, like agents for instance or partners or Scouters

Market: To continuously get deals visiting you

Maintenance: Individuals are really the relationships, so you’ve to keep them ( get in touch with monthly )

* PRO TIP*

Details Are EVERYTHING

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The Millionaire Real Estate Investor Book Review | Gary Keller
The Millionaire Real Estate Investor Book Review | Gary Keller
The Millionaire Real Estate Investor Book Review | Gary Keller
The Millionaire Real Estate Investor Book Review | Gary Keller

The Millionaire Real Estate Investor Book Review | Gary Keller

The Millionaire Real Estate Investor Book Review | Gary Keller



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