This is the Rental Income Podcast, where we talk to owners of rental properties and give you actionable tips and advice that would help you make more money while dealing with less hassle.

And now your host, Dan Lane.

Joining me on the podcast today is Steve Ellif.

And Steve has actually been on the show before.

And he wanted to come back on today to talk about how you can

build a rental portfolio that acts like an ATM and pays you cash every single month. Steve has done

this. He's figured it out. He owns 11 properties. He owns them all free and clear. And today he

wants to share how he did it and he wants to tell you exactly how you can do

it too steve how long have you been doing this for so um i've been in the real estate business

uh 25 years now which i can't believe it seems like it's only been a few but time goes quickly

um started out here in salt lake, and we're still here.

Own 11 properties now, all of which are paid off and cash flowing like crazy,

but have bought and sold and remodeled probably 50 or 60 buildings over the course of that time frame.

Today you're going to tell us how someone can build their own personal ATM.

If someone is brand new, they're just getting started, what's the very first step that they

should take?

I think if you look at it as somebody who's just starting out, like we all did in real estate,

you have aspirations of buying rental property and being an investor and so forth, which is all great.

But what you find in almost all cases of why people fail, not just in real estate,

in a lot of things, is they don't have just their base plan.

They don't have the building blocks.

And if you don't have the building blocks and your mathematical plan in which I'm going to go over today, if you don't have

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