The RECC Podcast

rate of return of an investment property based on the income (NOI) that the property is expected to generate
say you buy a property for $1M, at a 10% cap, means NOI is $100,000/year
allows to compare investments with each other
the lower the cap rate, the more expensive the property
you make money in the differential between the cap rate and the interest rate on the debt

Gross income (rents, ancillary income such as laundry, parking),
to which we usually subtract a vacancy rate and an economic vacancy (difference between the actual rental income and the gross potential rent of a property)
and then the operating expenses: PM, insurance, property taxes, snow removal, lawn care, repair and maintenance (higher on older buildings)
Allows to calculate purchase price if you have the cap rate: NOI/Cap rate
Cash on cash is calculated once we deduct the mortgage payments from that number

motivated me to write daily, 1st book about my journey so far: building a small portfolio of rentals towards financial independence
Resistance: diffce between life we live and potential life we have within us
Do what's important before what's urgent
a professional recognizes their limitations and hires help

Meetup and branding!

There are deals everywhere BUT some areas don't cashflow as well
Therefor people look for parts of the country that cash flow better: lower purchase price but rental rates not much lower
Use of technology
Start with smaller project
Do it yourself first, outline the main tasks and then delegate those tasks: Michael Gerber, The E-Myth Revisited

Large vendor take back, need to convince them or show skin in the game
Using equity as a syndicator
Using a fund

Low rents
Vacancy
Building with a bad reputation, turn it around
Make sure you raise enough capital to overcome the problems

In this episode we talk to Adam Adams about multifamily properties and how to raise capital using a podcast.

Ad on the property: vehicle count per day
Retail: Facebook community groups
Target businesses on Fb, that way you get access to the owner
Network in the industry you are targeting 

define your criteria and then talk to brokers and wholesalers who specialize in the area and asset class you are interested in clear vision
in the US: call sellers, some people do it, I have a friend who has a fund and specializes in MHPs in Az and has the list of all the owners whose assets he is interested in and he calls them regularly
websites: I have the disciplin of looking at deals daily on CREXI and also using this tip from one of my mentors: look for commercial properties listed on the websites of residential agents
as I check references from tenants I initiate a rs with a fellow landlord for future purchase