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 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

An update on the Rental Income Podcast

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/episiode424

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

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

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