When Jim started buying rentals, he decided to buy one a year and put it on a 15-year mortgage.

The downside to this strategy is that you have a larger mortgage payment and less cash flow today. The upside is that you build property equity much faster than you would with a 30-year mortgage, and in 15 years, you own your property free and clear.

On this episode, Jim shares how he was able to take the equity from one of his properties and buy three properties, and in the process, tripled his cash flow.

We also discuss some of the risks of a 15-year mortgage, how much Jim puts down on purchases, and how he has found the properties he purchased.

https://rentalincomepodcast.com/episode510

Thanks To Our Sponsors:

Ridge Lending Group - Financing For Rental Properties.

MidSouth HomeBuyers - Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One.

Obie Insurance - See if you can save money on landlord insurance.

Occasionally, tenants fall behind on rent. Should we work with them to catch up or proceed with the eviction?

On this episode, Derek Morton shares why working with tenants will make investors more profitable.

He shares information on how to find charities and grants to help tenants, and under what circumstances he won't work with a tenant.

He also shares the number one predictor of whether a tenant will have trouble paying rent and why he doesn't use 3x rent to qualify a tenant's income.

https://rentalincomepodcast.com/episode509

Taxes can be confusing and overwhelming. It's easy to tune it out.

Bob Russo is a CPA that works with a lot of investors. Bob thinks it's a good idea for investors to understand the basics of how taxes work so they can ask their CPA more concisely.

On this episode, we discuss the deductions every real estate investor should take, strategies for rental property investors to reduce their taxes, and how LLCs affect taxes.

https://rentalincomepodcast.com/episode508

Thanks To Our Sponsors:

Rental Trial - Easily track rental income and expenses. Free 30 day trial

Ridge Lending Group - Finance your next rental property purchase

George's first deal didn't work out the way he planned.

Construction cost more and took longer than planned, mortgage rates went up, and insurance was higher than expected. However, the property still ended up being a great deal. It still cash flows and has been appreciated nicely.

In this episode, we review what went wrong and figure out why everything still worked out.

We also talk about how George accidentally started investing in real estate when he couldn't sell his primary residence.

http://rentalincomepodcast.com/episode507