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How Do I Start Investing?

Duane Richins Investor Podcast

Release Date: 06/22/2022

How to Identify a Good Investment Property Using the 1% Rule show art How to Identify a Good Investment Property Using the 1% Rule

Duane Richins Investor Podcast

Do you want to know how to spot a good investment property? In today’s episode I show you what to look for. I’m going to teach you about the 1% rule and how to calculate it.  You want to look at two things: purchase price and rent. If the purchase price is $300,000 and the rent is $3,000 per month that property follows the 1% rule and you should go buy it right now. It’s a no brainer and I’ll explain a little bit about cash flow to help you understand why. Thanks for tuning in! Check us out at :

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Getting Your Foot in the Door and Then Getting More Doors show art Getting Your Foot in the Door and Then Getting More Doors

Duane Richins Investor Podcast

If you’re wondering where to start, today I’m covering the first main things you need to know to get your foot in the door with real estate investing. Are you interested in the cash flow side? The equity building side? Both? Here’s the clear cut info you need to know: Here in Utah multi-family units don’t need a 25% down payment unless they’re over 4 doors. So 2-4 unit properties are a great place to start! My pro-tip for anyone and everyone is to start an aggressive plan to save money for a down payment.  Multi-family properties are less risky than Airbnb properties. Listen in...

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Talking with a Real Estate Tax Expert show art Talking with a Real Estate Tax Expert

Duane Richins Investor Podcast

Let’s give a big welcome to Brady Slack from High Country Finance.    Our question today is how can real estate be a benefit to us as people who pay taxes?   First let’s talk about long term holds that are multi-family, single family or commercial: on paper we should always be able to see a scenario which would result in no federal income taxes on those properties. They work out to be a loss and that doesn’t mean you’re not cash flowing; here’s how it works: with long term rentals. you receive your rental income and then you have a multitude of hardline deductions in...

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How to Invest with Rising Interest Rates show art How to Invest with Rising Interest Rates

Duane Richins Investor Podcast

Keeping you up to date on the market here in Utah and even looking to Georgia for the best opportunities. Thanks for tuning in! We've seen a recent interest rate increase going from 3.1%-6% pretty quickly and home prices here in Utah are up 15% from May 2022-July 2022.    Equity in Utah isn't a strong investment game right now so we need to broaden our searches. The time is right for cash flow properties, as opposed to focusing our search on flips.   In the current market there is a lot of hesitation when it comes to investing in real estate. Whether it's high interest rates or...

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How Do I Start Investing? show art How Do I Start Investing?

Duane Richins Investor Podcast

You’ve found us! Thanks for tuning in to the Duane Richins Investor Podcast. We’re here for you - let’s jump right into an interview with . Josh is the owner of Ultimate Home Lending and he’s absolutely my go-to lender because he is all about getting the right kind of loan for each situation.    Real Estate is a long game. We know this and we’re patient when we need to be, but we’re also smart enough to look around and notice what’s going on. We see if over and over again, truly wealthy people get wealthy because of real estate.   Today we’re answering all of...

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You’ve found us! Thanks for tuning in to the Duane Richins Investor Podcast. We’re here for you - let’s jump right into an interview with Josh McReavy. Josh is the owner of Ultimate Home Lending and he’s absolutely my go-to lender because he is all about getting the right kind of loan for each situation. 

 

Real Estate is a long game. We know this and we’re patient when we need to be, but we’re also smart enough to look around and notice what’s going on. We see if over and over again, truly wealthy people get wealthy because of real estate.

 

Today we’re answering all of your questions about cash flow and appreciating assets. We’re breaking down different types of loans that can help almost any buyer: bank statement loans, asset-based loans, debt service ratio loans and more. Plus make sure to listen til the end to hear our favorite types of investments.

 

Check us out at :

https://www.primerealestateexperts.com/