Hosted by Colin Murphy, the Torcana podcasts are for anybody who wants to learn more about building a rental property portfolio with strong cashflow and stable tenants. In plain English and with lots of real life examples, Colin & his guests talk about the lessons learned and mistakes made when buying, renovating, managing and selling millions of dollars worth of rental properties. They focus on the nuts and bolts of real estate investing and try to give actionable and practical tips with every episode. How do you analyse deals? What is the best way to invest out of state or overseas? How can you find good managers and contractors? What are the major mistakes to avoid when renovating and renting? Tune into our podcasts for your answers!
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Torcana Podcast 24: What the homeownership decline in the USA means for real estate investors
In today´s show real estate investor Colin Murphy discusses a huge topic - the decline in homeownership in the United States, the key factors that are driving this trend and how a win-win situation has been created for real estate investors. The top factors driving this decline in the homeownership rate in the U.S. are: Tight credit markets Huge student debt Housing affordability Low personal savings rates The good news for investors is that (a) the current environment is excellent for property investors and (b) we have an important role to play by renting stable, long term properties to people that deserve them. Put simply, as more people turn to renting, you can be the supplier of inventory. In exchange for providing rental properties to people that want a safe place to live, these tenants will help you pay down your mortgage, build equity in your home and fund your passive income streams. It´s a pretty good deal, BUT you have to pick the right kinds of properties to avoid being caught out in the next downturn. Useful links http://www.newyorkfed.org/medialibrary/media/press/PressBriefing-Household-Student-Debt-April32017.pdf http://www.corelogic.com/about-us/research.aspx Contact details: Colin Murphy Torcana.com Tel: 727 302 1422 colin.murphy@torcana.com