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
Jake shares his strategy for generating money to buy rental properties.
When he looks at a property, he figures out if it would be a good flip or a good rental. If he ends up flipping it, he'll set the profit aside to buy his next rental. When he buys his next rental, he now has cash flow for the rest of his life.
On this episode we talk about how he decides if a property is a better flip or a rental. We also talk about how he's finding deals and how he's financing them.
https://rentalincomepodcast.com/episode420
Harrison shares his strategy of buying run-down apartment buildings, in areas of the city that are improving.
We talk about how he is making extra money by starting retail businesses in the commercial portion of the building.
Harrison details how he's been able to buy and fix up the properties using very little of his own money.
We also take a look at one of his deals and look at the rental income, mortgage payment, other expenses, cash flow, and how much equity he's created by fixing up the building.
https://rentalincomepodcast.com/episode419
Andres figured out pretty quickly that he was not going to be able to buy very many rentals using his own money.
He started creating win-win "Creative Partnerships" to raise money to buy rental properties that generate profits for him and his investors.
On this episode, we talk about how he did it, and we also look at his entire portfolio and figure out how he generates about $10K a month in rental income and has created $2 million in equity.
https://rentalincomepodcast.com/episode418
Nick shares how his rentals make him an extra $2K a month with very little work.
Nick talks about the strategy he has been using to pay off his rentals, and how he plans to have his entire portfolio paid off in the next 7 - 8 years.
We take a look at his numbers including the total rent collected every month, and his expenses (mortgage payments, taxes, insurance, repairs, and management fees.)
We also talk about some of the big expenses Nick has had with his rentals, and how he survived those big expenses.
https://rentalincomepodcast.com/episode417
Jake is comfortable with mortgage debt, but his wife isn't. Together they came up with a compromise to use mortgages to purchase properties but to get them paid off as quickly as possible. Today they have paid off 75% of their mortgage debt.
On this episode, Jake shares three strategies he has used to pay off their mortgages.
Jake also shares a unique way that he has found off-market deals.
https://rentalincomepodcast.com/episode416
Caeli Ridge from Ridge Lending Group shares how to get approved for a mortgage on a rental property.
We talk about the minimum credit score, the documents that you will need to provide, and the reserve requirements.
We also talk about the timeframe to close a loan, and the 4 mistakes that Caeli has seen borrowers make.
https://rentalincomepodcast.com/bonus-mortgage-approval
Al started with a small condo and a 4 Plex that he house hacked.
After a series of trading up to bigger and better properties, he ended up with a 74-unit apartment complex that nets him $28,000 per month.
We talk about how Al found a neglected property and turned it around (from halfway across the country), how he manages the property, and review all the numbers, including total monthly rent, expenses, and cash flow.
We also talk about the series of trades that Al made to get where he is today.
https://rentalincomepodcast.com/episode415
Anytime Michael would manage to save $10,000 he would always find something to buy with his money. He figured out that it would be a better use of his money to buy a rental with the money and the cash flow that the property generated would make him even more money every month.
On this episode Michael shares if small apartment buildings or single-family homes have been better investments for him.
He also talks about how he built a diversified portfolio with properties in different types of neighborhoods.
He also shares how he got rid of a bad tenant that was about to scare off good tenants.
https://rentalincomepodcast.com/episode414
Andy made a lot of mistakes with his first rental. He paid too much, he didn't budget for expenses and vacancies, and he didn't use the 1% rule, or other criteria to evaluate the property.
Rentals can be very forgiving, and with time, his rents went up, he was able to bring his payments down by refinancing and appealing his property taxes. Today this is one of his property is his best-performing rentals.
On this episode, we talk about what Andy learned from this experience, and how it helped him become a better investor.
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Farris shares how he went from not knowing anything about real estate five years ago, to owning a portfolio of rental properties that nets him $90K a month.
We talk about what types of properties he's buying, and where he is getting the money from.
Farris has an amazing story because he isn't doing anything risky. He has been buying occupied properties that generate cash flow as soon as he closes, and using traditional mortgages with 20% - 25% down payments.
https://rentalincomepodcast.com/episode412
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