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Real Estate Investing with Keith Weinhold



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How Scott Saunders Built a 64-Unit Portfolio of Single-Family Rentals

• 46 min

Get our newsletter free here or text “GRE” to 66866. In this podcast episode, host Keith Weinhold introduces Scott Saunders, a successful real estate investor who shares his insights and experiences in building a portfolio of 64 single-family rental properties.  They discuss the advantages of investing in cash-flowing rental properties, the importance of focusing on cash flow in the early stages, and the benefits of single-family rentals compared to multifamily properties.  Scott also discusses his analysis of different markets for real estate investment and his approach to financing and leveraging his investments.  They emphasize the importance of seeking professional advice and using resources like for wealth building. Timestamps: The advantages of single family rentals [00:06:22] Scott discusses the advantages of investing in single family rentals, including better cap rates, long-term fixed-rate financing, and the inherent demand for single family homes. Greater liquidity with single family rentals [00:08:31] Scott and Keith talk about the liquidity component of single family rentals, highlighting that even in a recession, people will still need a place to live and therefore be buyers of single family homes. Longer tenancy duration in single family rentals [00:09:34] The discussion focuses on how tenants tend to stay longer in single family homes and duplexes compared to larger apartment buildings, often due to factors such as larger square footage and the desire to be in a specific school district. The importance of cash flow at the beginning [00:11:34] Starting with cash flow-centric properties and gradually moving towards appreciation as the portfolio grows. Scaling up the portfolio with short-term targets [00:14:55] Setting 90-day targets to buy a specific number of properties, leading to significant progress in a year. Factors in selecting the next market to buy in [00:18:24] Considerations include having a communicative property manager and existing opportunities in a market rather than solely focusing on a good deal. The importance of relationships in real estate investing [00:19:18] Scott discusses the significance of having a good relationship with property managers and asset providers in different markets. Factors to consider when choosing a real estate market [00:20:18] Scott talks about the importance of factors such as job growth, a diversified economy, and an influx of people when selecting a market to invest in. Using inflation as a tailwind in real estate investing [00:23:54] Scott explains how he leverages inflation to his advantage by locking in assets today and using inflation to propel his investing forward. The importance of 30-year fixed rate financing [00:28:12] Scott discusses the benefits of locking in a 30-year fixed rate for financing and shares his experience during the COVID-19 pandemic. Using paid-off assets as collateral for future financing [00:29:11] Scott explains his strategy of paying off some properties to use them as collateral for obtaining loans for future investments. Managing properties and involving family in real estate business [00:31:19] Scott talks about using Excel to track his rental income and involving his daughter in managing the financials of his real estate business. The goal of acquiring lifestyle assets [00:36:34] Scott Saunders discusses his long-term goal of purchasing properties in Tuscany, Italy, Steamboat Springs, Colorado, and other locations for both enjoyment and return on investment. The importance of return on attention [00:38:01] Scott explains the concept of return on attention, which focuses on having the freedom to enjoy life without being constantly distracted by financial concerns. The impact of purchasing single-family rentals [00:40:07] Scott emphasizes the benefits of purchasing 5 to 10 single-family rental properties, which can provide economic freedom and significantly improve one's

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