Torcana Real Estate Investment with Colin Murphy

I recently read an article that described the three main ways to earn passive income. For a lot of people (myself included), the holy grail of a career is figuring out how to build up a large, passive income stream. I love the idea of working hard and building up sufficient assets so that my family will receive a regular income stream no matter what happens to me. Striving to achieve that goal is a great source of daily motivation.

The seven steps to buying, renovating and tenanting great rental properties. The aim of this podcast is to really drill down into the nuts and bolts of buying and owning real estate. While the day to day reality is far less glamorous than the depictions of the popular tv shows, purchasing your own rental properties has the potential to transform your life in more ways than any other investment I know of. This should be considered a step-by-step audio guide (with everyday examples and anecdotes) for anybody interested in learning more about real estate investment. It also gives some useful insights into what the Torcana team actually does every day, including all the number crunching, the hundreds of miles we clock up every week and the financial risks we take in the weeks and months before we present turnkey properties to our buyers.

In this great podcast, we address the crucial issues most realtors and sellers don´t like talking about.

- What is the actual step by step process for buying a home after you´ve agreed on a price? - How do title companies protect your investment and ensure you don´t get a shock after you´ve taken ownership? - How are closing costs broken down and what do you need to look out for? - What are the three most important things you need to do after closing on a property (hint: insurance and property management are two of them) - What are your tax obligations as a landlord? In plain English.

Whether you are just starting out on the property ladder or have a few rental homes under your belt, this show could save you thousands of dollars and help you get to the next level.

Podcast by real estate investor Colin Murphy on the Tampa Florida rental market. Learn about the properties he is purchasing and renovating with estimated 8-10% cap rates. Prices start as low as $75,000!