The Wealth Elevator Podcast: Real Estate, Taxes, Investing SPC072 - Interview with Rod Khleif
Topics that are covered in this episode:
- 800 houses in 2006
- MFH was founded in 2008 crash
- MFH has all the repair crews in house
- Focus on cash flow
- In 2008 rents did not go down but the vacancy did
- Two months is the typical turnover
- In the C and D class you will need to pay for 2000-3000 per turnoff effectively wiping out your cash flow
- Failures are seminars that teach us
- Don't flip in the high end
- Don't get a MFH 5 year baloon, instead get a 7-10 year term
- Continue to learn and make your own determination
- Be conscious of your podcasts your listen to because that is the way you will go
- VAs is calling Apartment Owners - Use county assesors offive then secatary of state to get mailing address, lookup phone numbers
- "My boss lives in the area and was interested in buying your property"
- For discount Tony Robbins tickets to UPW four day event email Lane@SimplePassiveCashflow.com
- 501C3 tax status for Non-Profit entity
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