Buying Rentals While Working Full-Time With Nick Balzano (Ep 316)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 25 May 2021
⏱️ 23 minutes
🧾️ Download transcript
Summary
We also talk about how he built his rental portfolio without having a ton of money. We talk about how he has been able to buy each of his rentals with a very small down payment, and how much money he is making per door.
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 Lane Nick a lot of people think that you need a lot of money to buy rental properties |
| 0:13.9 | did you have a lot of money when you were starting out I did not and you're right it's such a common |
| 0:20.8 | misconception um for me it was was just a strong W-2 and a bit of savings and being smart with financials right out of the gate. But it's definitely attainable for anybody looking to get into it. |
| 0:32.9 | I think Nick's a pretty relatable guy. He's got a full-time job and he's been working on building out his rental portfolio as he has the money and as he finds deals. |
| 0:43.9 | And speaking of the money, he really hasn't put that much money into building out his rental portfolio. |
| 0:49.8 | So on the show today, we're going to talk numbers. We're going to find out exactly how much money he |
| 0:54.8 | needed. We'll talk about his deals exactly what he's buying. And the other thing that I think is really |
| 1:00.5 | great about Nick is he's a pretty busy guy and he's been pretty efficient about the way that he |
| 1:06.7 | manages his rental properties. He's got a lot of shortcuts. And on the show today, we're going to figure out exactly what he's doing. |
| 1:13.9 | Joining us on the show today from Lincoln, Rhode Island is Nick Balzano. |
| 1:18.0 | We'll take a really quick break. |
| 1:19.8 | We'll thank our sponsors. |
| 1:21.0 | We'll come right back and we'll talk to Nick. |
| 1:23.3 | A good deal on a rental property isn't going to last very long. |
| 1:27.1 | To win properties today, you need to |
| 1:28.8 | move quickly when a deal comes on the market, but it takes time to analyze a property. I want to let |
| 1:35.3 | you know about an app where you can analyze deals on your phone in seconds. It's called Ask Rick. |
| 1:41.3 | That's RIC for Rental Income Calculator. You can analyze a deal with the push of a button. |
| 1:47.6 | You can figure out the rent, your mortgage payment, your expenses, and figure out the cash flow. |
| 1:53.3 | If the numbers make sense, you can make an offer right there on the app or you can send a calendar |
| 1:57.9 | invite to your agent to see the property in person. |
... |
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