Inspiring 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.
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Buying Cheap Rentals (In A Good Area) With Robert Washington (Ep 497)
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Robert shares how he has built his portfolio by buying properties under $50,000 in areas with high rents and a solid tenant base. Robert's properties were built in the 1950s and have only needed a little maintenance. On this episode, we look at the numbers for one of Robert's deals and figure out his net cash flow.' We also figure out if there is a…
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Bonus: How To Find Government Grants To Buy Rentals With Matthew Lesko
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The United States Government gives investors a lot of money to improve communities. Congress sends the funds to counties, cities, and non-profit organizations to create programs for individual investors. The problem is that they aren't very good at promoting the availability of these funds. On this episode, Matthew shares where to look for these pr…
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Simple Things You Can Do To Make More Money With Your Rentals With Joel Miller (Ep 496)
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Joel has been investing in rentals for over 40 years and has figured out some simple things investors can do to make more money from their rentals. Some of the topics we cover on this episode: The most important element in building wealth with rentals. Why he doesn't think of maintenance as an expense? How can he get higher rent than similar proper…
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She Bought Her First Rental. Let's See If She Did Everything Right With Annie Cole (Ep 495)
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Annie had long considered buying a rental property, but she and her husband recently decided it was time to buy their first rental. On this episode, we discuss how Annie found the property, how they came up with the down payment money, and look at the numbers for the property. Her property had existing tenants. We talk about the information the sel…
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How Much Cash Should You Keep In An Emergency Fund? With Nick Wood (Ep 494)
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Nick shares how having an emergency fund helped him pay for expensive repairs to some of his rentals. He talks about how much he spent on the repairs and why he didn't file an insurance claim. We also discuss Nick's rule of thumb for figuring out how much money to set aside for emergencies. Nick also talks about how his income at his day job has be…
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Trading up To Better Rentals With Jeff Berlin (Ep 493)
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Jeff shares how he built his portfolio of over 100 rental units, by buying smaller apartment buildings, letting them appreciate. Then 1031 exchanging them for a bigger property in a better area. Jeff also shares why he doesn't invest in his local area. We talk about how he does this with the help of a team, how he figured out the area he invests in…
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Using A HELOC To Build A Rental Portfolio With Nick Disney (Ep 492)
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Nick shares how he has built his rental portfolio by building equity in rental properties and then using a line of credit to tap into that equity to buy and fix up the new properties. We also talk about how he used 15-year mortgages to build up equity faster. Doing this, in combination with the market appreciation over time, has helped him build eq…
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Caeli Ridge shares the latest news on the mortgage market. We discuss where rates are headed and how this will affect rental property investors. Caeli shares today's rates, and we go over a payment example. Caeli also talks about how much money investors would save if rates come down more. We also talk about a creative strategy to save money on int…
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The Easiest Way To Invest In Rentals With Terry Kerr & Liz Nowlin (Ep 491)
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Terry Kerr and Liz Nowlin of MidSouth Home Buyers share how they help people invest in rentals by doing all the work for them. They find a distressed property, do a full renovation, find a well-qualified resident, and then sell the property to an investor. MidSouth also continues to manage the properties for their investors after the sale. Everythi…
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How He Got Over The Fear Of Buying Rentals With Dane Fenner (Ep 490)
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Dane thought about buying rentals for ten years before he finally got started. On this episode, we talk about: Turning his primary home into a rental How making a big sacrifice early on helped him get started. He faced some of the challenges with investing out-of-state. We figure out what went wrong and how he turned things around. How he dealt wit…
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Live Where You Want. Buy Rentals Where The Numbers Make Sense With Jeff Costa (Ep 489)
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Jeff lives in an area known for having lots of properties that make sense for rental properties, but he chose to invest out of state. On this episode, we compare how the properties, property values, neighborhoods, and property taxes are different in the area he invested in vs where he lives. We talk about how he found his properties and virtually t…
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The Good And Bad Of Buying Cheap Rentals With Evan Polaski (Ep 488)
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Evan started investing in cheap properties that he rented to Section 8 tenants. On this episode, we take a realistic look at investing in these low-cost and high-return properties. Evan shares the good and the bad of Section 8. He discusses his most significant expense and why assigning a percentage to the budget for expenses doesn't work. We also …
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Everyone Told Him Not To Buy Rentals (He Didn't Listen) Now He Makes $13K/Month With David Miller (Ep 487)
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When David decided to start buying rentals, everyone in his life thought it was a bad idea. They thought his timing was bad and he would lose money. David didn't listen to them, and today, he owns 18 rentals that generate over $13,000 a month in profit, giving him a runway to financial freedom. On this episode, we discuss how he started renting roo…
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He Sold All His Rentals (Now He's Buying Again) With Larry and Jordan Myer (Ep 486)
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After 40+ years of investing in rentals, Larry decided to sell off his rentals and retire. After Larry sold everything, his son Jordan expressed an interest in real estate investing. Today, Larry and Jordan are working on building a rental portfolio. On this episode, we discuss what they are buying, how they are dividing the work, and how they are …
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5 Ways She's Financed Her Rental Purchases With Shay Nabors (Ep 485)
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On this episode, Shay walks through five strategies she's used to finance her rental property purchases. Shay bought two properties with the help of government grants. She has purchased four house hacks using low down payment loans. She's also used a HELOC, a business line of credit, and hard money to purchase rentals. Shay also details how she wor…
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From A Small Salary To $200K/Year In Rental Income (Ep 484)
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Eight years ago, our guest knew nothing about rentals and was not earning much money at his job. Today, after paying his mortgages, repairs, and other expenses, his rental portfolio generates over $200k in profit annually. On this episode, we'll examine all the numbers in his portfolio (total rent, mortgage expenses, utilities, repairs) and figure …
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The Slow And Steady Approach To Buying Rentals And Building Wealth Over Time With Mark Hayes (Ep 483)
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Mark built a pretty big rental portfolio but didn't do anything risky or overextend himself. Instead, he took a slow and steady approach and built his rental portfolio slowly over time. On this episode, we'll discuss how he built his rental portfolio, the types of properties he bought, and how he used the 1031 Tax-Deferred Exchange to double his ca…
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From A Low Income To Financial Freedom From Rentals With Jhanel Wilson (Ep 482)
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Jhanel shares her journey from starting out as a college student with no money to leaving her job when she earned $70,000 a year in rental income. On this episode, Jhanel discusses where she got the money to buy her first deal and the challenges she encountered with her first property. We discuss what she thinks are the best properties to buy, how …
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Rentals Gave Him Time Freedom With Justin Cambra (Ep 481)
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After seeing his father pass away after working his entire life, Justin decided he needed to have the freedom to do what he wanted to do with his time today. Justin has built a tremendous retail portfolio, but a big part of his success is living in a house hack that profits $3,000 monthly. He does this by renting the downstairs part of his rental o…
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How A New Investor Is Making $18K A Month From His Rentals (While Working Full-Time) With Lewis Urena (Ep 480)
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Lewis started investing in rental properties that didn't need any work and were ready to rent as soon as he purchased them. As he built relationships, networked, and gained more knowledge, he started doing the BRRRR strategy and could buy properties without coming up with significant down payments. On this episode, we look at Lewis' numbers (includ…
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Investing In Rentals When You Have No Time Or Handy Skills With Anna McGrath and Tessa Muir (Ep 479)
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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 ep…
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How He Went From $0 To $35K/Month In Rental Income With Mike (Ep 478)
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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 investme…
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Her Tenants Set Up A Meth Lab - She Lost Everything With Kathi McCarty (Ep 477)
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Kathi rented a property to tenants that were cooking meth in her rental. The toxins from the manufacturing of the meth were so bad that she was not able to remediate the property, and she lost everything. On this episode, we'll figure out what happened, how Kathi discovered it, and why her insurance policy didn't pay for the damage. We'll also figu…
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Flipping Mobile Homes For Down Payments, Then Living Off Rental Income With Jason Velie (Ep 476)
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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 …
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Does It Ever Make Sense To Sell A Rental? With Charles Goodwin (Ep 475)
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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 propert…
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