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012 - Finished vs Unfinished Basements, The New 1% Rule for REI, & 10x is Easy Than 2x
Manage episode 415168049 series 3551586
Kandungan disediakan oleh Kyle Reedstrom and Kyle ReedStrom. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Kyle Reedstrom and Kyle ReedStrom atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
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Summary
In this conversation, Kyle Reedstrom discusses the idea of the new 1% rule in real estate investing and the importance of finishing unfinished space in homes. He also recommends a book called '10X is Easier Than 2X' by Dan Sullivan as the tool of the week.
Takeaways
- The 1% rule in real estate investing is becoming harder to achieve due to increasing property prices and expenses.
- To hit the new 1% rule, investors need to either lower expenses or increase income.
- Finishing unfinished space in a home can add value and potentially increase ROI.
- The book '10X is Easier Than 2X' by Dan Sullivan is recommended for business owners and those looking to think bigger and achieve greater success.
Chapters
00:00 Introduction and Market Minute: Finishing Unfinished Space in Homes
06:55 The New 1% Rule in Real Estate Investing
14:49 Lowering Expenses and Increasing Income to Hit the New 1% Rule
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