105: Texas Turnkey Real Estate Investing with Carl Dean

#105: Texas is a job creation juggernaut. Companies are being lured to Texas at a staggering rate by a business-friendly environment, low labor costs, and tax incentives. Texas is where you have some of the fastest-growing, most economically stable markets in the nation. Your durable rent income comes from tenant jobs. Learn about how to get into this market with an award-winning turnkey real estate investment provider at GetRichEducation.com/Texas. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week's show and learn: 03:29 Turnkey real estate investing defined. 04:44 Win-wins. 05:16 Why turnkey RE is not too good to be true. 09:30 A "Tenant Inspection Report." 11:34 Carl Dean interview begins. 13:39 Carl moved to Texas because that's where the jobs and better properties are. 15:05 Is the Texas RE market overheating? 18:02 Medical, financial sectors. More than just oil. 20:19 Migration into Texas. 21:53 Property taxes. 24:03 Price sweet spot of $140K-$250K. Rent-to-value ratios. 25:15 Lease duration and 5% rent increases each year. 29:40 Plano and Frisco often have price points that exceed the cash flow "sweet spot." Fort Worth and south Dallas areas are generally better. 32:18 3 Bed / 2 Bath single-family homes are the minimum size criterion. 35:07 Exit strategy. 37:58 A "cheap" property isn't enough for an investor. 38:50 Placing the right tenant. Minimum $1,200 rent amount. 41:04 How does Carl find his inventory? 45:17 Cash flow in Texas vs. other markets. Resources Mentioned: GetRichEducation.com/Texas Trulia.com CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com

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This episode was published on October 14, 2016.

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