“When you own the hard asset, you’re in total control and it just can’t disappear overnight.”
Matt Bowles is the co-founder of Maverick Investors Group, which helps real estate investors buy performing rental properties in the best real estate markets regardless of where they live. They offer a very interesting investment strategy where you get to own a property without being physically present.
On this episode, he talks about the advantages of owning hard assets over investing on paper assets. He explains the process of buying properties, assessing income, and closing contracts. He also explains the management and maintenance set-up and how the net operating income is calculated. He also gives away tips for real estate investors in order to succeed in this investment venture.
Listen to ILAB 77 on iTunes here or subscribe on your favorite podcast app.
ILAB 77 Show Notes
ArtofFX – start with just a $10,000 account (reduced from $25,000)
Fundrise – start with only $1,000 into their REIT funds (non-accredited investors OK)
PeerStreet – get a 1% yield bump on your first loan
0:31 – The mission of Maverick Investors Group
2:03 – What is Turnkey Real Estate Investing?
4:21 – Advantages in buying hard assets
10:11 – Building portfolio
13:54 – Leveraging properties
19:02 – Calculating Net Operating Income (NOI)
23:22 – Capitalization rate
27:51 – The process in buying a property
31:39 – Management and maintenance
37:56 – How to close contracts?
39:55 – How much income for mortgaged properties?
42:37 – Cash flow calculation
45:12 – Tips for real estate investors
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