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