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The Side Hustle Show

350: Is Real Estate Your Next Income Stream? Rental Property Q & A

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.71.6K Ratings

🗓️ 29 August 2019

⏱️ 44 minutes

🧾️ Download transcript

Summary

Buy a house. Rent it out. Tenants pay it off for you. It’s possibly one of the oldest side hustles in the books, right? Done right, owning rental properties can be an attractive long-term income and wealth-building strategy. But done wrong, it can be a recipe for headaches and a mountain of debt.  It’s a side hustle that I know a lot of the Side Hustle Nation readers and listeners are interested in (as am I). For this one, I collected my own real estate investing questions, and gathered more from the Side Hustle Nation Facebook community. On the other end of the line is Zach Evanish, a remote real estate investor and Director of Retail for Roofstock.   Roofstock is a marketplace designed to make it easy to shop for, compare, and purchase rental properties. (Zach was Roofstock employee #3 -- and has bought 11 rental properties of his own through the platform.) Full Show Notes: Is Real Estate Your Next Income Stream? Rental Property Q & A

Transcript

Click on a timestamp to play from that location

0:00.0

Is real estate your next income stream? Let's find out what it really takes.

0:07.0

What's up, what's up, Nick? Loper here, welcome to the Side Hustle Show because if you don't find a way to make money in your sleep, you'll work until you die.

0:17.0

Hat tip to Warren Buffett for that one.

0:19.0

Now, I'm not anti-work by any means, but I am pro passive income or at least pro-building some time

0:26.1

leveraged income streams that don't require ongoing direct involvement to get paid.

0:30.7

One of the classic examples of this type of business is rental real estate.

0:35.2

Possibly one of the oldest side hustles in the books, right? Buy a house, rent it out,

0:39.5

tenants pay it off for you. People have been doing this for centuries, but does real estate make

0:44.6

sense for you? In this episode I hope to shed some light on that question with help from

0:49.4

Zach Evenish. Zach's focusing his side hustle energy on building a portfolio of single family rentals

0:56.2

thousands of miles away from where he lives. He's up to 11 properties so far and has graciously

1:02.0

agreed to answer some of my own questions about real estate investing

1:06.0

along with several more from the Side Hustle Nation community.

1:09.0

And aside from his first-hand experience as an investor,

1:13.0

Zach also brings the unique perspective of being employee number three

1:17.2

at roofstock.com, a marketplace designed

1:20.4

to make it easy to shop for, compare, and purchase rental properties.

1:25.0

Side hustle Nation.com slash roof is my referral link if you want to check that out and support the show at the same time.

1:32.0

Notes and links for this one,

1:33.2

plus the full text summary of our call

1:35.3

are at side hustle nation.com slash Zach.

1:38.3

It's ZACH.

...

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