Tue, 25 January 2022
A lot of investors are having trouble finding deals that meet the 1% rule.
On this episode, Bill shares how he's finding incredible deals that meet the 2% rule.
We also talk about a small apartment building that Bill purchased and how he was able to increase his cash flow by lowering the expenses and increasing the rents.
Thu, 20 January 2022
Caeli Ridge shares what's been going on in the mortgage market, and why rates have been going up recently.
We look at where rates are today and how they compare to when the pandemic first started, and in 2019.
We also talk about where rates are headed.
Tue, 18 January 2022
Chris talks about why he doesn't use the 1% rule to evaluate rental properties.
We talk about what he's looking for in a rental property, his average purchase price, and his average rental amount.
We also talk about if he owns his rentals personally or in an LLC
Tue, 11 January 2022
Joel shares how a new investor making a modest income can go from $0 to $10,000 a month in net rental income.
He provides a road map with examples of what types of properties to buy, and he shares hypothetical numbers for the rental purchase price, the loan amount, mortgage payment, repair reserves, and estimated rent and cash flow amounts.
Of course, we can't guarantee you will make $10,000 per month with Joel's plan. But, it's a great starting point.
Tue, 4 January 2022
How Much Extra Money Can You Make With An ADU? (Additional Dwelling Unit) With Michael Dominguez (Ep 348)
Michael talks about how he's been able to increase his cash flow by turning the basement of a single-family home into a separate basement apartment.
We talk about how he modified the basement, and how much it cost him.
Michael shares what he needed to do to make the ADU legal, and how he deals with utilities.
We also compare how much money he makes renting out the property with the ADU vs how much he would make if he didn't modify the property.