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 28: How to locate the best market and property types
In today´s show, real estate investor Colin Murphy discusses how he analyses property markets, avoids common pitfalls and only buys homes that have the highest potential to make stable rentals. Among other things, Colin recommends - Looking for markets with fast growing populations and strong job markets - Sticking with landlord friendly cities with reasonable tax rates - Buying in local economies that are big and diverse - Buying in neighborhoods with lots of first time buyers and owner occupiers - Identifying the lower middle class homes that have rental and resale demand in every cycle - Avoiding unique houses and coastal locations. - Focusing on concrete homes built after the 1970s. - Becoming an expert in specific geographic areas. And much more! Contact details: Colin Murphy Torcana.com colin.murphy@torcana.com