Case Study: Andrews 3 Rental Properties 2.5 Years Later

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Listen Money Matters

Careers, Business, Investing, Education

4.4 • 2.3K Ratings

🗓️ 18 February 2019

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rental properties can be a great source of passive income but there are a lot of variables. What do you need to know to make sure you buy the right rental properties? Well, doing is the best way to learn anything. We podcasted about rental properties and wrote about rental properties and built a tool to help you find and compare rental properties. Oh, and Andrew and Laura bought 3 rental properties in quick succession. Mistakes have been made and lessons have been learned. Is cash flow the most important determining factor? Do you need to pay a management property? That cuts into your profits after all. Once you have a set of criteria that a house must meet in order to be a good real estate investment, should you change it? If so, when and why? If a tree falls in your front yard in Georgia but you live in Hoboken and don’t hear it, did it really fall? A few years ago LMM went on something of a rental property tangent. We were excited and you all got excited too. But then some big things happened. LMM became a full-time occupation, new sites were built and launched. During that time, we got lots and lots of emails wanting advice on buying rental properties and lots of people requesting an update on how the properties Andrew and Laura bought were doing. Did they regret buying them? Were they planning to buy more? We heard you. So here it is, 3 rental properties and 2.5 years later, we’re spilling the tea. Full Article Here Show Notes Raspberry Blush McKeller and Friends: A delicious sour New England Style IPA own brew Roofstock - A Marketplace for Turnkey Rental Properties Simple Wealth - Research and evaluate rental properties and build a profitable real estate business. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey guys, I wanted to share something new I've been working on.
0:05.7	It's called Seeking Profit and it's a podcast where we talk about the second phase of my
0:10.2	personal finance journey building online businesses.
0:13.9	These businesses earn money while I sleep and have detached my time from my income.
0:19.2	Since 2013, I've generated millions in revenue with these websites.
0:24.2	I felt it was long overdue to create a show in Listen Money Matter Spirit that taught the
0:29.6	ins and outs of online business building.
0:31.6	This is my biggest passion and if you're interested in coming along for the ride,
0:35.7	just head over to SeekingProfitShow.com or search for Seeking Profit on YouTube or your favorite podcast app.
0:43.4	We're Seeking Profit!
0:50.4	Hey everybody, welcome to Listen Money Matters. You can make a lot of money and have none.
0:55.4	You can make little money and have a lot. It's totally in your control.
1:00.3	My name is Matt and I'm here as always with Andrew. Andrew, how are you and what are you drinking?
1:06.1	Damn good and it may be in part because I am drinking my raspberry blush,
1:13.0	McKiller and Friends beer which by name and the pink can was a slight deterrent.
1:20.8	But I like to try new things and it's actually a delicious sour. It turns out.
1:27.2	It's light. Yeah, it's light. It's a bluner style,
1:31.1	weiss if you know what that means. Like a bluner vise. Perude.
1:34.4	The raspberries and coffee. How much is the percentage on that bad boy?
1:39.0	Four because this is the first beer of the day.
1:42.3	Well, it is 11, 17am for me.
1:47.6	Why did you start so late drinking? I know. It's like, come on, what do you do?
	...

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