His Simple Formula To Quickly Pay Off His Rentals With Andrew Holmes (Ep 106)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 2 May 2017
⏱️ 28 minutes
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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 lay i think today we may have one of the most important episodes out of all the shows we've done |
| 0:15.0 | here on the rental income podcast my guest today has figured out a system to get his properties paid off really quickly using the cash flow that his rentals generate. |
| 0:26.5 | I really think that what he's doing is really genius, and I want to figure out exactly how it works, because leverage is awesome. |
| 0:35.3 | I think it's powerful, and I think it's a great way to build your portfolio and really |
| 0:39.7 | the only way to do it unless you have a ton of cash laying around. |
| 0:43.8 | But leverage is risky and if you're not careful and if you run into some bad luck, leverage |
| 0:49.6 | can really crush you. |
| 0:51.0 | So he wants to take that risk out of his portfolio as quickly as possible. |
| 0:56.1 | So let's take a real quick break. We'll come back in 30 seconds and we'll meet Andrew Holmes from |
| 1:00.7 | Chicago and figure out what he's doing. It can be a real challenge to stay organized and keep |
| 1:06.0 | track of all your rental income and expenses for tax time. Most people end up with a pile of receipts that you |
| 1:13.4 | need to sort through and make sense of. I want to let you know about an easier way. It's a software |
| 1:19.4 | that I use called Rental Hero. It was built specifically for rental property owners. They have a |
| 1:26.4 | really easy to use web portal as well as an app where you can |
| 1:30.1 | easily input all your income and expenses. You can take pictures of receipts and you're done with |
| 1:36.1 | the paper receipts for good. They have a free 30-day trial. You can try it out. No credit card |
| 1:42.0 | required. If you don't like it, there's nothing to cancel. |
| 1:45.4 | Just go to rental trial.com. That's rental trial, t-r-I-A-L.com. Andrew, welcome to the podcast. |
| 1:54.4 | Why don't we start with you telling us a little bit about yourself and how you got started in real estate? |
| 1:59.8 | So basically I got in real estate when I was about 20 years old in college. |
| 2:04.7 | Some of you guys got Pell Grants and that kind of stuff. |
... |
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