Building A Rental Portfolio Is Like Building A Business With Kori Covrigaru (Ep 334)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 28 September 2021
⏱️ 22 minutes
🧾️ Download transcript
Summary
On this episode, we talk about how he raised money from partners to buy properties, and how he has set everything up to buy and manage properties without him having to be in the same city as his properties.
We also talk about his plans to build a big rental portfolio with the plan of eventually selling it off for a profit.
Transcript
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now |
| 0:08.4 | dan lay my guest on the podcast today figured out pretty early on that what he wasn't looking for |
| 0:14.7 | was a couple of rental properties he wanted to build a large portfolio of rentals. |
| 0:25.7 | He has some real estate experience, not a ton, but he knows what he's doing. |
| 0:29.4 | But what he has more of is business experience. |
| 0:34.9 | And he's using that business background to set up his rental properties like a business. |
| 0:41.2 | Now, Corey, I got to be honest with you, building out a large rental portfolio and your rentals are all in another town that you've never been to, that sounds a little bit risky. |
| 0:47.2 | Do you think there's a lot of risk in what you're doing? |
| 0:50.0 | As far as the risk involved in single family rentals versus other real estate investments or other |
| 0:57.0 | investments in general, I feel really confident. And it's a matter of making sure that you're |
| 1:01.5 | organized and know what you're doing. If you're organized and know what you're doing, |
| 1:04.7 | I think that there's far less risk. And so I don't feel a whole lot of risk because I've been |
| 1:09.2 | around it for so long. |
| 1:14.0 | This certainly, these are not, you know, our first transactions. |
| 1:17.9 | But you should, you know, I think, yeah, yeah, there's a risk component there. And you have to think twice is this for me. |
| 1:19.4 | And do I have what it takes to research and understand the market well enough to reduce my risk to |
| 1:24.6 | mitigate that risk. On the podcast today, we're going to figure out exactly what Corey is doing and how he's |
| 1:30.6 | building out his rental portfolio. Joining us on the show today from Denver is Corey Rangarro. |
| 1:36.4 | We'll take a really quick break to thank our sponsors. We'll come right back and we'll talk |
| 1:40.5 | to Corey. |
| 1:41.5 | AI might be the most important innovation ever. |
| 1:47.5 | It's storming every industry with literally billions being invested. |
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