Managing Debt and Operations with Logan Rankin
Mike Taravella interviews Logan Rankin.
Key information:
- Rising inflation makes debt a major wealth building tool
- Manage debt before managing the real estate itself. Maximize debt as long as a property is financially When inflation rate is higher than your debt interest rate you are being paid to borrow
- Pay attention to not be under-leveraged just as much as over-leveraged
- Reposition quickly to decrease LTV and gain more equity than originally put in
- Tenants are willing to pay $150-200/month more for a home they’re proud of
- Underwriting is useless if you don’t have the team in place to carry the plan out
- Pain + Reflection = Growth
Investor Pro Tip: View challenges as opportunities that take competitors out of the game
Contact Logan Rankin on Instagram @loganjrankin or on his website loganrankin.com
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