UPI 66 – The 12 Rules of Property Investing
Investing comes with rules, and because of that it’s a great path to guarantee wealth creation.
So in the show today, we are talking about some of the rules that we need to understand when it comes to building a portfolio and creating wealth out of property.
We will be tackling 12 of the top rules today, and hopefully you will walk away with the best path for yourself as a property investor.
On this episode I discuss –
4:50 – Rule #1 and #2 – Don’t lose money!
10:31 – Rule #3 – Real estate is driven through compounding growth
16:06 – Rule #4 The 10/30 rule for maintaining your assets
23:21 – Rule #5 – The 50/30/20 Rule – Basic budgeting for before you start investing
30:07 – Rule #6 – The 75% Rule – Why your renovation project didn’t turn a profit
37:19 – Rule #7 – Rule 20 – Defining your success in real estate
39:40 – Rule #8 – The 30% Rule – Choosing the right tennant
42:21 – Rule #9 – Rule 43 – The value of newer properties
44:49 – Rule #10 – Rule 40 – How to save on your taxes
46:31 – Rule #11 – The 50% Rule – My least favorite rule!
50:30 – Rule #12 – The 1% Club and how to get into it
Don’t hesitate to hit me up on Facebook @SamSaggers. DM me any of your questions 🙂
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Take care,
Sam
