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012 - Finished vs Unfinished Basements, The New 1% Rule for REI, & 10x is Easy Than 2x
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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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