Anna and Tessa are two friends who are building out their rental portfolios. They are busy, have limited time to spend on their rentals, and lack many handy skills. Anna and Tessa both have different strategies for buying the types of properties they want to purchase, but they have similar mindsets about building wealth with real estate. On this episode, we discuss their strategies for finding and financing rental purchases, how they are fixing up properties, and how they manage their rental properties. https://rentalincomepodcast.com/episode479 ..read more

Mike was inspired by a friend making $100k a month from rental properties. He thought, if his friend could do it, why couldn't he? On this episode, we discuss how Mike took baby steps for the first few years and eventually built a rental portfolio that nets him $35,000 a month. Mike shares his story of getting started and how one excellent investment changed the entire trajectory of his investing. We examine Mike's numbers, including his monthly gross rent amount, monthly expenses, and net cash flow. Mike also shares how challenging the COVID years were for his portfolio, but he made it th ..read more

Jason shares the formula he has followed to reach financial freedom: He uses other people's money to buy mobile homes, fixes them, and sells them for a profit. He then uses the profit as his down payment to buy rental properties. Then he uses the cash flow his rentals produce to pay his living expenses. On this episode, we talk about what he looks for in a potential mobile home flip, what he does to fix them up, and how he sells them. We also talk about what types of rentals he's been buying and look at the numbers on a recent deal. https://rentalincomepodcast.com/episode476 ..read more

Charles used to believe that when you buy a rental property, you should hold it forever. However, he has realized the practicality of the situation: some properties outperform others, and if a property doesn't meet expectations, it might be a good business decision to sell it and reinvest in something else. On this episode we talk about two properties that Charles recently sold. We figure out what went wrong and whether he should have noticed any red flags when he bought the property. We also talk about what Charles did with the money after he sold it ..read more

Spencer shares the details of renting his property to short-term transitional housing tenants. The organization he works with pays for repairs on the property, covers the rent, whether a tenant is placed or not, and takes care of the utilities. This arrangement ensures Spencer's steady and reliable income, making his rental profitable. Spencer also details his challenges getting his property up and running, from cost overruns to construction delays. https://rentalincomepodcast.com/episode474 ..read more

Grant had a good job, but it was very demanding. After he had a few kids, he wanted to work less, and he was looking for a way to generate income and break away from his job. He figured out that he could generate enough income to support his family if he bought enough rentals. On this episode, we discuss his strategies, including traditional down payments, seller financing, HELOCs, and the BRRRR strategy. Join us as we delve into Grant's journey, from the moment he decided to invest in real estate to the point where he was able to leave his job. We'll also explore how, as a full-time invest ..read more

Alex shares his simple strategy to build wealth with his rental properties. Discover how Alex strategically acquires properties that not only generate wealth but also minimize tenant-related issues, offering him a hassle-free and promising investment experience. We also discuss why he thinks cash flow is essential, but buying properties likely to appreciate is more critical. We also talk about how important it Is to think long-term when investing in rentals. Alex also discusses the two phases of rental investing, growth, and cash flow, and how he is now transitioning to the cash flow phase ..read more

Justin shares how not being able to take enough time from work for one of his kids to play travel hockey was his motivation to start building a rental portfolio. On this episode, Justin shares how he got the money to get started, how he financed his rental purchases, and how many properties he needed to leave his job. Justin also shares how he budgets for expenses (both business and personal), and how he gets health insurance for his family without a job. https://rentalincomepodcast.com/episode470 ..read more

Bryan was slowly building his rental portfolio, and over the last few years, he figured out a formula to step up the pace of his buying. On this episode, we talk about: How he's been buying incredible deals ($100K under market). How he financed his purchases. Where his down payment money came from. We also look at the numbers for his entire portfolio, including total rent, mortgage payments, typical expenses, and net cash flow. Bryan also shares his plan to get to $20K in monthly cash flow. https://rentalincomepodcast.com/episode469 ..read more

Join us as we explore the ins and outs of financing, legal structures, and the advantages and disadvantages of buying rentals with partners. On this episode, we talk about their decision to operate under an LLC or as individuals to build their portfolio. We also talk about how they used an FHA 203k loans, a powerful tool to buy and rehab properties with a small down payment. Dave and his partners have come up with a unique way to make sure they can continue to buy rentals even if one member of the partnership can't afford it at that particular time. We also talk about what they are doing w ..read more