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Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio!
Podcast Episode Title:"Commercial Real Estate and Rate Caps"
Are you just collecting rent, or are you truly building wealth? In this episode, we dive deep into commercial real estate, multifamily properties, and the power of cap rates. Learn how to balance cash flow with equity appreciation and why focusing solely on monthly income might be holding you back from financial success.
[00:00:00] Introduction: Overview of cap rates, cash flow, and building wealth with multifamily real estate.
[00:05:00] Cash Flow vs. True Profit: Breaking down the difference between monthly income and long-term equity growth.
[00:08:30] Understanding Cap Rates: What cap rates are, how they work, and why they matter in commercial real estate.
[00:11:00] Case Study: A Real Multifamily Investment: A real-world example of how strategic renovations and cap rates increase property value.
[00:15:00] Key Takeaways: Why multifamily investing outperforms single-family rentals and how to build long-term wealth.
Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio.
Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system.
My First Keys
Personal Website
Wong Capital
Subscribe to My First Keys and follow us on social media for the latest updates.
For feedback or questions, reach us at https://garretwong.com/contact/
By Garret WongCheck out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio!
Podcast Episode Title:"Commercial Real Estate and Rate Caps"
Are you just collecting rent, or are you truly building wealth? In this episode, we dive deep into commercial real estate, multifamily properties, and the power of cap rates. Learn how to balance cash flow with equity appreciation and why focusing solely on monthly income might be holding you back from financial success.
[00:00:00] Introduction: Overview of cap rates, cash flow, and building wealth with multifamily real estate.
[00:05:00] Cash Flow vs. True Profit: Breaking down the difference between monthly income and long-term equity growth.
[00:08:30] Understanding Cap Rates: What cap rates are, how they work, and why they matter in commercial real estate.
[00:11:00] Case Study: A Real Multifamily Investment: A real-world example of how strategic renovations and cap rates increase property value.
[00:15:00] Key Takeaways: Why multifamily investing outperforms single-family rentals and how to build long-term wealth.
Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio.
Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system.
My First Keys
Personal Website
Wong Capital
Subscribe to My First Keys and follow us on social media for the latest updates.
For feedback or questions, reach us at https://garretwong.com/contact/