Stay ConnectedInspiring interviews with everyday people that are generating passive income by investing in rental properties.
On each episode, we talk to a landlord about how they found and purchased their rental properties, how they financed them, and issues they face with property management, and managing tenants.
Make sure you follow the show. A new episode is released every Tuesday.
Copyright: © Copyright Rental Income Podcast
Thomas was a fan of Dave Ramsey and his debt-free teachings. But, he thinks following Dave's strategy when it comes to investing in rentals is causing people to miss out on building substantial wealth.
Thomas doesn't believe that all debt is bad, and he thinks that it's possible to be conservative with debt, and still build wealth.
On this episode, Thomas shares how he's building wealth without being over-leveraged.
https://rentalincomepodcast.com/episode429
Harley shares how he got started buying rent-ready condos off the MLS. Those properties appreciated over a few years, but rents didn't appreciate as quickly as the property values.
Eventually, Harley wasn't getting a good return on his equity.
He decided to sell his condos using a 1031 Tax Deferred Exchange and trade up better properties that generate more cash flow.
For example, he took a property that was rented for $1,750/month and exchanged it for a property that generates $10,500/month. That's an increase of $8,750 a month!
https://rentalincomepodcast.com/episode428
Zeke talks about how he built a portfolio of 50 rental doors in just 4 years.
We talk about what the neighborhoods are like, if there is a bed/bath combination that rents best, the age of the properties, and how he's rehabbing the properties.
Zeke also shares how he found the down payment money since he didn't have much money when he started investing.
We also talk about the unique way that he's been finding properties, and how he got help managing them.
https://rentalincomepodcast.com/episode427
Nick talks about how having an extra $5,000 a month has improved his life. The extra money gave him the freedom to live life on his terms. He was able to leave his 9 - 5 job and start his own business because of his rental income.
We talk about how Nick has cut his living expenses by house hacking, and how having lower overhead allowed him to save money for down payments to buy more properties.
Nick also shares the numbers for one of his deals, and we look at the income and expenses for his entire portfolio.
We also talk about the simple wat Nick tracks his income and expenses.
https://rentalincomepodcast.com/episode426
Camille shares her story of how she started with nothing and built a rental portfolio with over $1 million in equity that generates over $10K a month in cash flow.
We talk about how she started by house hacking. House hacking allowed her to save money that she used to buy a beach condo.
Camille also shares how the pandemic and some of the financial rules at the time helped her buy more rental properties.
We also look at the numbers for her portfolio, including total rental income, expenses and how she gets to $10K per month in cash flow.
https://rentalincomepodcast.com/episode425
Ashish from investorfriendlycpa.com talks about a simple strategy to avoid getting audited.
We also talk about a strategy to legally pay no taxes on rental income, and how a little planning can save you thousands of dollars in taxes.
Kristina shares how she's been successful in investing in rentals by being flexible with her strategy.
We also talk about how she's had to change how she's found deals as they became harder to find.
Kristina shares the numbers for her portfolio, including gross rent, mortgage payment, repairs and cash flow.
We also take a look at one of her deals.
https://rentalincomepodcast.com/episode424
Ray And Letitia had no idea it would be so hard to buy a property in their IRA.
On this episode, they share the lessons they learned going through the process, and some major mistakes they could have made if they had not spent the time to learn the IRS rules on self-directed IRAs.
We also talk about what the process was like purchasing their property, and how they dealt with a major change that almost ruined their business plan.
Guido had a ton of problems in his early investing days. His basement flooded, he had evictions, and rumored drug dealers in one of his rentals. One day he got frustrated and decided to sell his property.
His property went under contract, and Guido immediately regretted his decision to sell. Luckily, the contract ended up falling through, and Guido went to work turning the property around.
A few years later the property appreciated and Guido was able to do a cash-out refi for $750,000.
On this episode, we talk about how he was able to take that money and build a rental portfolio that generates six figures in cash flow every year.
https://rentalincomepodcast.com/episode422
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Johnathan talks about how he buys rentals to generate monthly cash flow that gives him freedom to live life on his terms.
Currently, he doesn't need the cash flow to pay his bills, so he reinvests all of that money back into his portfolio to continue to build his portfolio.
We also talk about how Jonathan buys some properties for appreciation, and others for cash flow.
He also shares the details for one of his deals including expenses and cash flow.
https://rentalincomepodcast.com/episode421
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