Tue, 30 September 2014
Today Justin Williams talks about how he owns 10 rental units, and is not involved at all. He hasn’t even seen some of the properties. He also talks about how he has his house flipping set up to flip 120 houses a week, with him only working 5 hours a week.
He was motivated to set up systems for his business after reading:
The Four Hour Work Week by Tim Ferris
Some of the keys to his success are:
* His people know that they can’t come to him with a problem, without also having a solution
The numbers Justin is looking for in a good deal:
Justin looks to buy at low points at the marketHas to have cash flow. (Atleast 1.5X cash flow)..Example. If he buys a house for $100,000 (including cost of house and repairs), he wants it to rent for $1,500 a month
Make sure you take repairs and vacancy into account when figuring out your budget
Tue, 23 September 2014
Today we talk to Patti Robertson, Patti talks about how she owns and manages 43 of her own properties and manages over 100 properties for other people with her property management company
Mon, 22 September 2014
Turning a primary residence into a rental is what Jack did. Today he tells the stpry of how his family grew out of their house, and he turned it into a rental, instead of selling it. Jack is making a small profit each month, and building wealth by having his tenant pay down his mortgage
Sat, 20 September 2014
This is an intro to The Rental Income Podcast.