Here's How Much Money He's Making With 8 Rentals With Bryan Bokowy (Ep 337)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 19 October 2021
⏱️ 21 minutes
🧾️ Download transcript
Summary
On this episode, we talked about how he turned things around, raised rents, and turned a building with a lot of deferred maintenance into a property with great cash flow.
Bryan recently closed on his second property. We talk about how he used the equity he created with his first property to buy his second.
Transcript
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now dan lane |
| 0:09.6 | Ryan before we start talking about what you've done let's take a step back and talk about what made |
| 0:15.9 | you first get interested in buying rental properties definitely you, I always wanted to make money on my own |
| 0:24.7 | kind of independently from my W-2 job. And as I started to research options of how can I do this, |
| 0:32.4 | I came across real estate and how that is such a great vehicle to make extra side income independently |
| 0:42.7 | from my W-2 and really become financially independent. |
| 0:47.0 | And so from there, I started to read everything I could about real estate. |
| 0:52.9 | And I started with probably the book that everyone |
| 0:55.3 | starts with, which is Rich Dad, Poor Dad, by Robert Kiyosaki. And I started to attend a lot of |
| 1:01.8 | local meetups, real estate meetups in the Chicagoland area. And I started to learn about house |
| 1:09.9 | hacking. And that's really where it all began. |
| 1:12.4 | That sounds like a great plan. You decide you want to start buying rental properties, |
| 1:16.1 | you read Rich Dad, Poor Dad, you get all fired up that rental properties are easy |
| 1:20.6 | and you're going to make all this money. Well, that's not exactly how everything worked out |
| 1:25.4 | for Brian. He bought a fourplex that had a lot of deferred |
| 1:28.8 | maintenance and it took him three years to turn the property around. Three years later, he finally |
| 1:34.2 | had the money to buy his second property and he's just recently closed on his second property. |
| 1:39.6 | So on the show today, we're going to talk about his first property and how he was able to turn things |
| 1:44.8 | around and how that property has actually generated him enough money to help him buy his second |
| 1:50.5 | property. Joining us on the show today is Brian Bakwe. We'll take a really quick break to thank our |
| 1:56.3 | sponsors. We'll come right back and we'll talk to Brian. Whether you've been buying rental properties for |
| 2:01.9 | years or you're looking to buy your very first rental property, the very first thing you want to do |
... |
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