Building A Big Rental Portfolio Is A Mistake With Ramon Huerta (Ep 328)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 17 August 2021
⏱️ 24 minutes
🧾️ Download transcript
Summary
But, things didn't work out that way. He ended up not making money and losing his properties to foreclosure.
On this episode, we figure out how things went bad and how he was able to build a smaller portfolio that is way more profitable.
Transcript
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now dan lane |
| 0:09.6 | Ramon what's the biggest mistake that you see investors making today I think sometimes they focus on |
| 0:15.8 | the wrong thing and sometimes maybe they focus on maybe door counts how how many houses they want, how many doors, |
| 0:23.4 | instead of actually looking at how profitable each property will be. |
| 0:28.4 | And you actually made that mistake early on when you were starting out, right? |
| 0:32.5 | Yes, to me, I just wanted to buy as much as possible and get to 50 doors. |
| 0:37.3 | I felt that if I got to 50 doors and I was successful. |
| 0:39.9 | Trying to get to 50 rental properties didn't end well for Ramon. |
| 0:44.0 | He ended up losing all of his properties in foreclosure and having to declare bankruptcy. |
| 0:49.7 | On the podcast today, we're going to see if we can figure out exactly what he did wrong |
| 0:53.8 | to make sure that we don't make the same mistakes as we're going to see if we can figure out exactly what he did wrong to make |
| 0:54.6 | sure that we don't make the same mistakes as we're building out our rental portfolio. |
| 0:59.4 | Joining us on the show today from Kalamazoo, Michigan is Ramon Werta. |
| 1:04.4 | We'll take a really quick break to thank our sponsors. |
| 1:07.0 | We'll come right back and we'll meet Ramon. |
| 1:09.1 | Whether you've been buying rental properties for years |
| 1:11.8 | or you're looking to buy your very first rental property, the very first thing you want to do |
| 1:17.3 | before you go out and find a great deal is to figure out your financing. The lender that I |
| 1:23.2 | recommend is Chaley Ridge from Ridge Lending Group. She's a nationwide lender and her specialty is |
| 1:30.6 | helping investors finance rental properties. Chaley has a special limited time offer just for our |
| 1:37.2 | listeners. She will pay for your appraisal up to $500 when you close a loan with her. Just mention you heard about this on the Rental Income |
| 1:46.3 | podcast. If you want more details or if you're ready to get started today, just go to ridge |
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