Tue, 24 November 2015
AIPIS 96 - Real Estate Investing, Vacation Rentals and the Importance of Good Property Management with Julia Spencer
Julia Spencer is a real life example of an international income property investor with a diversified investment property portfolio. She discusses her gains and losses in tax liens, ‘buy and hold’ properties, and vacation rentals. She became a landlord out of necessity at a very young age; and even though she enjoys certain aspects of this line of work, she concludes that a good property management company pays for itself.
Key Takeaways: [2:23] Julia designed weapon systems software before becoming a real estate investor [3:56] Diversification is the key to Julia’s balanced portfolio [5:25] Tax lien foreclosures can be hit or miss, find an experienced person to mimic [7:45] You must be willing to take risks with tax liens [8:43] A tax lien foreclosure state or a tax deed foreclosure state: what’s the difference? [13:38] Cashflow investing or buy and hold investing? [15:37] Understanding how to secure good property management [18:54] Long-term tenants are common in Germany [20:47] A stable land value in Germany, but high taxes [23:00] Rent to value ratio - 1% per month [26:15] Vacation rentals, how does Airbnb compare? [31:08] Vacation rental management offers a social aspect as well as a monetary boom [33:31] Contact information to reach Julia [33:51] Real Estate Secrets that Can Make You Rich
Mentions:
Direct download: AIPIS_096_Real_Estate_Investing_Julia_Spencer.mp3
Category:general -- posted at: 10:14am EDT |