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Rental Income Podcast With Dan Lane

Buying Out Of State Rentals While Working Full-Time With David Greene (Ep 91)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 17 January 2017

⏱️ 23 minutes

🧾️ Download transcript

Summary

David shares how he has built an out of state rental portfolio while working a full-time job. He shares how he found properties, and how he manages the rehabs from across the country

Transcript

Click on a timestamp to play from that location

0:00.0

inspiring interviews with today's top landlords this is the rental income podcast and now

0:08.6

dan lay we've got a really inspiring story lined up on the podcast today david green is joining us

0:15.4

from the bay area of california david's a full-time cop he's a a realtor. And over the last eight years, he's been

0:23.4

working on building out his rental portfolio. He's bought 20 properties, which is really,

0:29.0

really awesome. David, welcome to the show. I'm excited to hear your story.

0:33.4

Oh, thank you very much for having me, Dan. I'm excited. Well, before we get into it,

0:36.7

let's just take a quick break and we'll come back and we're

0:39.9

going to walk through exactly how you built your portfolio.

0:43.9

Are you on track to achieve your financial goals?

0:46.8

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0:51.3

created more financial freedom than any other means.

0:55.1

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1:00.1

Our simple proven system will help you create real wealth and passive monthly income.

1:04.6

Get your free strategy session with our knowledgeable investment counselors at Noratarrealestate.com. A buddy from my church was telling me that he had bought a house to live in, and he just got accepted in the Bible school. So he was having to move away. And he was bummed because he was going to lose his deposit. And I was working as a deputy sheriff at a time. I'd been doing it for about a year. And I kind of thought, well, maybe I'll buy your house and just I'll run it out until I'm ready to live in it. And then when I am, I'll move in. So I had no idea what

1:44.6

I was doing. I didn't know how to evaluate a rental property. I didn't know what to look for.

1:48.1

It was, I mean, I was completely green. Pardon the pun, because that's my last name.

1:54.1

So I go check it out. And it was this like five bedroom house that was 2,500 square feet. It was only four or five years old, like not what you

2:02.3

look for with a rental property. And it was, he had it in a contract for $215,000. Now, this was the time in

2:08.7

California when we were hit by the foreclosure crisis and every three houses had a for sale sign on

2:14.1

it. So even though this was insanely cheap for the area, we were all kind of watching

2:18.2

prices drop and wondering, are they going to get to $100,000? Is anyone ever going to buy a house again?

2:23.1

I mean, it was really, really weird. And I didn't have any background of real estate, so I didn't

...

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