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.
[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