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
Joel shares how a new investor making a modest income can go from $0 to $10,000 a month in net rental income.
He provides a road map with examples of what types of properties to buy, and he shares hypothetical numbers for the rental purchase price, the loan amount, mortgage payment, repair reserves, and estimated rent and cash flow amounts.
Of course, we can't guarantee you will make $10,000 per month with Joel's plan. But, it's a great starting point.
https://rentalincomepodcast.com/episode349
Michael talks about how he's been able to increase his cash flow by turning the basement of a single-family home into a separate apartment.
We talk about how he modified the basement, and how much it cost him.
Michael shares what he needed to do to make the ADU legal, and how he deals with utilities.
We also compare how much money he makes renting out the property with the ADU vs how much he would make if he didn't modify the property.
https://rentalincomepodcast.com/episode348
On this episode, we look back at the 5 best interviews of 2021.
My guest talk about:
* Building a rental portfolio for generational wealth
* How to build a rental portfolio for retirement income
* How he went from a newbie to $15K in rental income in just 2 years
* The types of properties make the best rental,
* A guest shares how he made some mistakes and ended up losing his rental properties to foreclosure.
Check out the full interviews:
https://rentalincomepodcast.com/episode347
David talks about how it's really not that difficult to reach financial freedom from rental properties. We talk about how he calculated his freedom number, and how you can back into any income goal with some simple math.
We also talk about how built his rental portfolio with just a few thousand dollars, and how he plans to get his portfolio paid off in way less than 30 years.
Sean thought about buying rentals for 20 years, but fear of the unknown stopped him from getting started.
On this episode, we talk about how Sean learned more about rental properties and overcame his fear. We talk about how rentals helped him eliminate his monthly housing payment, and how today he is receiving cash flow and appreciation from his rental portfolio.
There are four main types of LLCs. On this bonus episode, Ashish From InvestorFriendlyCPA.com explains the differences between them.
We talk about the kind of LLC most investors should use, and the two types of LLC'S that investors should avoid. Using the wrong LLC can cause an investor to pay a lot of extra money in taxes.
Michael shares his secret to building a profitable rental portfolio.
We talk about how what he is doing with his rentals to get better tenants that pay a higher rent and stay for a long time.
We talk about how he keeps his maintenance costs down by rehabbing his rentals as soon as he buys them.
Michael also shares the numbers and the details on a recent rental purchase.
The idea that you could borrow money to make money without having a lot of money blew Aaron's mind.
On this episode, Aaron talks about how he got started with rentals doing a house hack and ended up getting paid to live in his property, and made $70K when he sold that property a few years later.
We also talk about how he bought his second rental with no money down, and how having a real estate license and access to the MLS has helped him get better deals.
Dave talks about how he quit his job before he had enough rental income to replace his W2 income.
Being able to focus on real estate full-time gave him the time to find deals and grow his rental portfolio.
On this episode, Dave talks about the returns he is looking for in a rental property, a creative way that he has been able to cut his expenses to increase his cash flow, and if he thinks investors are better off with a small or a big rental portfolio.
You don't need to spend thousands of dollars on a rehab to charge a higher rent.
On this bonus episode, Lee shares some cheap and easy upgrades that he does to his rentals that help him charge a higher rent, and get a better return.
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