Eating avocado toast. Yeah, I went there. 😊
Imagine that you’re looking for a rental property. It’s a warm Saturday afternoon, and you decide to cruise through a few open houses in the area.
Your autonomously-driving electric vehicle pulls into the driveway. Your wifi-enabled contact lenses automatically register the property’s details: square footage, year of construction, sales history, tax assessment, price-to-rent ratio, average neighborhood occupancy rates, and multiple cap rate estimates.
As you walk through the property, your contact lenses display the digital history of every item — the furnace, dishwasher, windows — keeping you up-to-date with the full installation and service history of every home component.
Welcome to the future of real estate investing.
What’s looming on the horizon? How will technology — including augmented reality and 3D printing — affect the way we analyze and purchase rental properties?
I chat about this topic, and more, in today’s podcast episode.
This week, I feature another Ask Paula episode, answering questions that this community has submitted. This week’s theme is real estate.
Enjoy!
Resources Mentioned:
- How to Calculate Cap Rate – Afford Anything article
- Millionaire to Millennials: Stop Buying Avocado Toast If You Want to Buy a Home – Money article
- Podcast episode with:
- Millionaire Doug Nordman
- Millionaire Emma Pattee
- Millionaire Andrew Hallam
- (Don’t you want to click on those now?) ;-)]
- Book: The Inevitable, by Kevin Kelly
- New YouTube channel!
- Facebook Page
Got a question you want answered? Leave a message at this link to have it featured on a future episode!
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