Gabriel shares the details of his first two rental purchases, and how they looked great on a spreadsheet, but they didn't work out in real life.

We talk about what went wrong and figure out if Gabriel could have done anything differently to have made things work out.

We also talk about how Gabriel got out of these bad situations and actually made a profit. We also talk about how the lessons he learned have made him a better real estate investor.

https://rentalincomepodcast.com/episode384

On this episode, my guest shares how you don't have to build a rental portfolio and keep it forever. As things change in life you can change the properties you own.

We talk about how my guest built a portfolio of 30 apartments. As he got older, he wanted newer properties and fewer tenants. He sold the apartments and bought 7 single-family houses that produced the same cash flow.

My guest also shares how he used leverage to build his portfolio, and how he paid them off.

Tom shares how he took the money that he had in an old 401(k) retirement account and started buying rentals with that money.

On this episode, we talk about how Tom set everything up, how he got a mortgage in his retirement account, and some of the IRS regulations you need to be aware of.

https://rentalincomepodcast.com/episode382

Zach lives in an expensive area where a duplex would have cost him $400k or more. On this episode, Zach shares how he bought a duplex for $92K by looking out of state.

We talk about how he found the area he's investing in, how he found the property, and how he manages the property from halfway across the country.

Zach also shares how much he paid for the property, his expenses, and his monthly cash flow.

Marvin owns a mix of single-family homes, apartments, Airbnb's, and mixed-use buildings. He doesn't have time to self-manage his properties, so he's outsourced the management to property management companies.

On this episode, we look at the numbers for his properties, including what he paid, how much they rent for, what his mortgage payments are, how much he pays his managers, how he budgets for repairs, and how much he profits from each property.

https://rentalincomepodcast.com/episode380

Ashish from investorfriendlycpa.com explains the difference between long-term and short-term rentals in the eyes of the IRS.

He shares how you can save money on taxes with either strategy and a big tax benefit to owning both types of rentals.

Mentioned on the podcast:

Bonus: How To Save Money With Real Estate Professional Status:

https://youtu.be/c_6gXuj3I8g

Joe shares how because of his rental income he's able to be selective with freelance work he takes on for his 9 - 5 job. He only takes on projects that he will enjoy doing, instead of taking on whatever he can for the money.

Joe shares his gross rental income, mortgage payment amounts, typical expenses, and his net monthly cash flow.

We also talk about how he got started buying rentals, and why he likes buying both long-term rentals and Airbnb's.

https://rentalincomepodcast.com/episode379

Michael wanted to buy rentals, but he ran out of down payment money.

He loved the idea of the BRRRR Strategy, but he's busy with his day job and doesn't have time to rehab properties. 

 On this episode, he shares how he's been buying rent-ready properties, with none of his own money.

We also talk about how he's finding properties, how he raised private money, and we talk about some of the risks to his strategy.

Andy and Erika share how they have been saving money for down payments to buy rentals. 

We talk about their criteria to buy a property, what they are looking for in a potential tenant, and how they divide the management of their rental portfolio.

They also share their numbers for what their properties, what they are rented for, their mortgage payment, and their cash flow.

Pravin shares his gross rent, expenses, and net profit for each type of rental he owns. 

On this episode, we talk about how he financed his portfolio, how long it took him to go from $0 to $83,000 in rental income, and why he decided to use a strategy of buying some properties for cash flow and others for cash flow and appreciation.

https://rentalincomepodcast.com/episode376