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Podcast: Get Rich Education
Episode: How To Avoid Overpaying For Income Property, How To Value Property, Using Your IRA and 401(k) For Real Estate
Description: #176: Stock investors are not getting ahead, but they think that they are. 10% return, minus 5% inflation, minus 2% fees, minus taxes, minus volatility, minus more. Most methods of valuing an income property are lousy. I tell you the good and the bad methods: price per square foot, price per unit, RV ratio, Gross Rent Multiplier, Cap Rate, Cash-On-Cash Return. I tell you how to avoid overpaying for property by making your offer contingent on seeing the seller's "Schedule E". The bustling Charlotte, North Carolina real estate market is discussed. It is growing at an enormously...