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Ep 038: Find quality tenants that will last | Ryan Wright
01:53 – Ryan shares one of his interesting real estate investment stories. The experience was like a college education on real estate investing for him.
06:40 – Ryan talks about where he got the desire to start real estate investing. Since childhood his mom and dad taught him about financial principle.
09:50 – Ryan talks about his passion and strategy. Ryan frequently overlooks long term tenants.
11:15 – Ryan gives a little information about the system he uses in his business. Ryan under values the rent but keeps those tenants for 5 years. They treat the tenants like a homeowner.
15:08 – Ryan talks about how he makes the deal that the tenants should be in charge of small repairs on the unit. Ryan asks for the help of the tenants and tells them to treat it like it’s their own house and saves them money.
18:13 – Ryan talks about how he finds most of his tenants. Ryan says he is the nicest and the cheapest person to deal with.
21:14 – Ryan shares his vision on the market and his plans on buying and selling properties for the future. Ryan adjusts for properties that just aren’t good rentals.
24:00 – Ryan explains the definition of hard money. Hard money is basically lending on the hard asset says Ryan.
25:51 – Ryan explains how he is different from other hard money lenders. Ryan believes that if you want to have hard money you have to get a really, really good deal.
32:33 – Connect to Ryan Wright about hard money on www.dohardmoney.com
33:14 – Ryan talks about the book he authored entitled “How to get more money than you can ever handle!”. The emphasis of the book is if you’re finding good deals, it makes the whole world go round says Ryan.
35:12 – Ryan talks about the “Income Hacker”. Financial freedom in 10 years or less outside the Wall Street Casino is their whole thing says Ryan.
36:30 – Ryan’s imparting word. Investing is all about calculating risk says Ryan. Make a commitment, decide what strategy you are going to use, and be prepared to spend money because it’s all part of the education on real estate investing.
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