Want to Get into Real Estate Investing? You HAVE TO Know these 3 Terms | Ep. 104

The BetterLife Podcast: Wealth | Real Estate Investing | Life

Brandon Turner & Cam Cathcart

House Flipping, Multifamily, Real Estate, Wealth, Investing, Business, Real Estate Investing, Self-development, Entrepreneurship, Rental Properties, Health

4.8 • 767 Ratings

🗓️ 13 December 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

📈 GIVE US FEEDBACK ON THE QUALITY OF THE SHOW

https://go.abetterlife.com/bb_pod_survey

🧔‍♂️ WHO AM I?

Our names are Brandon Turner and Cam Cathcart! We teach people how to BUILD WEALTH WITHOUT LOSING THEIR SOUL through real estate investing!

🏠 JOIN MY FREE 5-DAY DEAL ANALYSIS CHALLENGE

https://go.abetterlife.com/deal-analysis-challenge_pod

1️⃣ WANT TO GET YOUR FIRST DEAL?

https://go.abetterlife.com/firstdeal_pod

📈 WANT TO SCALE YOUR EXISTING PORTFOLIO?

https://go.abetterlife.com/betterlife_tribe_pod

🔁 WANT TO LEARN HOW TO FLIP HOMES?

https://go.abetterlife.com/dealflow_pod

🤝 CONNECT WITH ME ON INSTAGRAM

https://go.abetterlife.com/@beardybrandon_ig_pod

👋 CONNECT WITH CAM ON INSTAGRAM

https://go.abetterlife.com/@cam_cathcart_ig_pod

📱 JOIN MY WEEKLY TEXTLETTER

https://go.abetterlife.com/btb_pod

📚 READ ONE OF MY BOOKS

https://go.abetterlife.com/amazon_storefront_pod

🙏 SPONSORS

• HireTrainVA.com - Hiring my first Virtual Assistant LITERALLY 10x'ed my productivity! But it can be intimidating to try and post an international job ad, conduct interviews, and train somebody. That's where https://go.abetterlife.com/hiretrainva_pod comes in! They'll handle it all - start to finish! Plus, tell them we sent you and you'll get 10% off!

🎥 DESCRIPTION

Starting your journey in real estate? In this episode, Brandon Turner and Cam Cathcart reveal three essential rules of thumb every new investor should know. These quick strategies will help you analyze properties faster, avoid costly mistakes, and focus on deals that work for your goals.

What you’ll learn in this episode:
• How the 1% Rule simplifies rental property evaluation.
• Why the 50% Rule is crucial for understanding expenses.
• The 70% Rule for quick deal analysis in flips or BRRRRs.
• A bonus tip: Craft your Crystal Clear Criteria to save time and find winning deals.
• and SO much more

❌ DISCLAIMER

https://go.abetterlife.com/disclaimer_pod

Transcript

Click on a timestamp to play from that location

0:00.0	The 1% rule means that whatever you're all into a property for. So let's say I'm buying a
0:05.7	property for $120,000 and it needs $60,000 of rehab. I'm going to be into that for $180,000.
0:12.6	The 1% rule means that it needs to rent at $1,800 a month, which is 1% of $180,000.
0:20.8	It needs to rent at $1,800 a month for even which is 1% of $180,000.
0:25.5	And these are in $1,800 a month for even to be feasible to work as a rental property.
0:25.7	Yeah.
0:29.6	Hey, this is the Better Life podcast with Brandon Turner and Cam Cathcart.
0:31.2	This is a special Friday episode.
0:35.6	We call Cashflow Fridays, where we're going to interview people on one specific investment strategy that produces phenomenal cash flow in this
0:38.5	crazy market. This show is meant to be short, sweet to the point so you can implement it right
0:43.1	away into your life. So without further ado, let's get to the episode. You know, one of the biggest
0:51.1	mistakes I made early in my real estate business was thinking I could do everything myself.
0:55.8	I mean, I was like out there analyzing deals, managing contractors, taking phone calls, handling everything.
1:01.9	My calendar looked like a war zone. Can anyone out there relate?
1:05.5	That is why I'm pumped to tell you about hire trainVA.com.
1:09.3	So these guys find top tier international talent
1:11.8	specifically for real estate investors with a selection process that's so intense, only one to
1:16.6	two percent of applicants actually make it. You can literally pick from their draft board of
1:20.1	top virtual assistants and start scaling faster. And the owner, Valentina, she's actually
1:25.2	guest on this show back on episode 42.
1:31.0	Every successful entrepreneur I know uses virtual assistance.
1:32.9	I mean, I've got over 20 across my company.
	...

Transcript will be available on the free plan in -109 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brandon Turner & Cam Cathcart, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brandon Turner & Cam Cathcart and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.