Episode 639
Why Smart Investors Choose Single-Family Over Multi: The Truth w/ Andrew Kim
Discover why savvy investors are choosing single-family rentals over multifamily properties in today's market. Learn from real estate expert Kim about the strategic advantages of single-family investments, including lower entry points, better tenant stability, and simplified management.
In this value-packed episode, you'll discover:
• Why single-family homes offer lower risk and better long-term stability
• How to get started with $150k-400k properties in high-performing markets
• The truth about cash flow and the 1% rule in different property classes
• Top markets in the Sunbelt and Midwest for optimal returns
• Professional insights on property management and asset optimization
Kim shares his proven approach to building wealth through single-family rentals, focusing on A and B class properties in strategic locations. Perfect for both new investors looking to get started and experienced investors wanting to optimize their portfolio strategy.
From tenant screening to renovation strategies, this episode breaks down everything you need to know about successful single-family investing. Learn how to avoid common pitfalls and maximize your returns while minimizing hands-on management.
#biggerpockets #wholesaling #propertymanagementtips #propertymanagement #propertymanagementadvice
CHAPTERS:
00:00 - Intro
00:19 - What is Sharestates
01:42 - Sourcing Properties for Investment
03:58 - Local vs Out-of-State Investing
04:43 - Benefits of Using Sharestates
06:25 - Preparation for Contacting Sharestates
08:16 - Sharestates Payment Structure
10:17 - Understanding the 1% Rule
11:35 - Current Hot Real Estate Markets
14:00 - Questions for Selecting the Right Provider
17:31 - Safety of Single Family Home Investments
19:12 - Economic Outlook for Investors
22:13 - Common Misconceptions in Real Estate
22:28 - Investment Advice and Tips
22:34 - Recommended Reading for Investors
22:56 - Time-Saving Tools for Investors
23:21 - Andrew's Website and Resources
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