Get Rich Education

36: Big Problems and Opportunities Found at Keith’s 8-plex

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Synopsis

#36: Keith’s 8-plex has had its share of problems and opportunities since he bought it two years ago. See how he views a property with an “investor’s eyes.” Learn to avoid problems.   Listen to this week’s show and learn:   01:27  A blogger calls Keith the “anti-Dave Ramsey.”   04:44  The only “problem” with having millions of dollars in debt? It's wanting more.   06:48  Problems and operations at Keith’s 8-plex building.   13:20  The trade-offs of owning a large lot along with an apartment building.   17:38  Adding income to your property by leasing space to a cell phone tower provider.   20:57  Big problems with the building’s water well.   31:44  A major maintenance item needed repair. Not all building repairs provide the same returns.   34:45  The 8-plex’s appreciation over two years is a 43% gain on the down payment, amplified with leverage.   Resources mentioned:   www.InternationalCoffeeFarms.com (ICFC)   One qualifies for the ICFC $1,000 discount per coffee parce