47: How to Buy Turnkey Rental Properties in the Best U.S. Markets Regardless of Where You Live with Matt Bowles
Matt Bowles starts off by explaining what “turnkey real estate investing” is, and discusses the benefits of buying and holding residential investment property vs. other asset classes like stocks and mutual funds. ____________________________________ Subscribe to The Maverick Show’s Monday Minute Newsletter where I email you 3 short items of value to start each week that you can consume in 60 seconds (all personal recommendations like the latest travel gear I'm using, my favorite destinations, discounts for special events, etc.). Follow The Maverick Show on Instagram ____________________________________ He goes through the 5 different potential profit centers you have when buying and holding rental properties—market appreciation, cash flow, tax benefits, mortgage principal pay-down by the tenant, and a built-in hedge against inflation. He explains the benefits of not having to be the rehabber or the landlord yourself and how buying a performing rental property (that is already cash-flowing when you close) can substantially mitigate your up-front risk. Matt then explains the benefits of buying and “holding” (instead of flipping) your rental property, and why it’s important to own the deeded real estate as a hard asset as opposed to buying real-estate-backed securities. And, finally, he explains the benefits of building a portfolio of single-family rental properties as opposed to buying an apartment building. He then teaches how to identify the most investor-advantaged real estate markets—assessing demand drivers, and price-to-rent ratios, calculating capitalization rates properly, and buying in the “real estate investor sweet spots”. He also covers the essentials of conducting due diligence on an out-of-state buying opportunity, the importance of verifying everything independently, and how to find and use third-party services. Matt concludes by explaining the business model of Maverick Investor Group, how their niche has been serving individual real estate investors exclusively since 2007, why it doesn’t cost any money to work with Maverick, and how Maverick intentionally created an incentive structure that puts the buyer’s interests first. He then offers two opportunities to connect with Maverick and either learn more or start building your portfolio of cash-flowing rental properties. FULL SHOW NOTES AND DIRECT LINKS TO EVERYTHING DISCUSSED IS AVAILABLE HERE. ____________________________________ See my Top 10 Apps For Digital Nomads See my Top 10 Books For Digital Nomads See my 7 Keys For Building A Remote Business (Even in a space that’s not traditionally virtual) Watch my Video Training on Stylish Minimalist Packing so you can join #TeamCarryOn See the Travel Gear I Use and Recommend See How I Produce The Maverick Show Podcast (The equipment, services & vendors I use) ____________________________________ ENJOYING THE SHOW? Please Leave a Rating and Review. It really helps the show and I read each one personally. You Can Buy Me a Coffee. Espressos help me produce significantly better podcast episodes! :)