Tue, 25 August 2020
Joel shares how rentals made him rich by following a simple old school plan of buying rentals over time, and not selling them.
He bought his first rental property over 40 years ago and as he had the money he would add to his portfolio. Doing this consistently over a long period of time allowed him to build up enough monthly rental income that he was able to retire from his day job.
On this episode, we talk about how he did it, and he gives advice on how you can do it too.
Tue, 18 August 2020
My guest has some major problems with her rental portfolio. She has multiple tenants not paying rent, and she has vacant properties that need repairs and she doesn't have the funds to make the repairs.
She has a few tenants paying rent, but she's not bringing in enough income to cover her mortgages and the repairs. If she doesn't make some changes quickly she may lose her entire rental portfolio.
On this episode, we talk about how she got in this situation, and we bring in another experienced landlord to offer some guidance on how she can turn things around.
Tue, 11 August 2020
Is It A Good Idea To Cash Out Your 401(K) To Buy Rentals? Meet The Guy Who's Happy He Did It - Heman Chand (Ep 275)
Heman wanted to buy rentals, but he didn't have the cash to get started. On this episode, he talks about deciding to cash out his 401(K) and how he has turned that initial investment into a portfolio with millions of dollars in equity.
We compare what he would have made if he had kept his money in the stock market and what he has made off his rental properties.
We go over his numbers, his technique to get rent increases, and how he has had zero vacancy in his rental portfolio.
Tue, 4 August 2020
Marcus shares his simple formula to make $1 million with rental properties. He talks about a common mistake that investors make when they are looking to buy rentals. He also shares the numbers on one of his recent rental purchases, and what he does to keep his maintenance and repair costs low.