Cliff Notes: How to Make Money Renting Your House out in Peerspace
Earn Your Leisure
iHeartPodcasts
4.9 • 7.9K Ratings
🗓️ 14 May 2023
⏱️ 8 minutes
🧾️ Download transcript
Summary
In this Cliff Notes, we spoke with real estate investor Andre Haynes and discussed Peerspace and the different ways you can make money.
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Transcript
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| 0:00.0 | When did you buy your first home? |
| 0:02.0 | 2015. |
| 0:03.4 | How much was it at that? |
| 0:04.6 | $360,000. |
| 0:06.1 | How much is it now? |
| 0:07.0 | $590,000. |
| 0:08.8 | He said it with a smile. |
| 0:10.2 | And I didn't pay anything. |
| 0:11.3 | As you said. |
| 0:12.2 | And in mind you, 360,000, |
| 0:15.1 | the mortgage has been paid down for eight years |
| 0:17.9 | by the tenants. |
| 0:18.7 | I've been living for free. |
| 0:20.3 | So that all, once I sell this thing, |
| 0:22.8 | it's going to be all profit on top of 20 or 30 years |
| 0:26.4 | of cash flow. |
| 0:28.0 | Are you getting positive cash flow now? |
| 0:30.1 | $700,000. |
| 0:31.1 | $700,000. |
| 0:31.9 | From a place that I live, |
| 0:33.7 | they know you're the landowner? |
| 0:35.4 | I'm like the coolest landlord. |
... |
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