How A New Investor Is Making $18K A Month From His Rentals (While Working Full-Time) With Lewis Urena (Ep 480)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.9 • 805 Ratings
🗓️ 30 July 2024
⏱️ 31 minutes
🧾️ Download transcript
Summary
As he built relationships, networked, and gained more knowledge, he started doing the BRRRR strategy and could buy properties without coming up with significant down payments.
On this episode, we look at Lewis' numbers (including total rent collected, mortgage expenses, and other expenses) and figure out how he is making $18k a month.
We also discuss what he is doing with the cash he generates since he pays his bills with his day job.
https://rentalincomepodcast.com/episode480
Transcript
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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 louis what's your strategy for buying rentals so my strategy has evolved throughout the whole years |
| 0:15.7 | and it started buying turnkey properties and now i've kind of, with all the relationships, networking, |
| 0:22.3 | and knowledge that I've attained, I've been more focused on the birth strategy nowadays. |
| 0:27.4 | That's not a bad strategy. Start out with some easy properties, get some experience, and then |
| 0:32.8 | move into properties that are going to require more work. Lewis has a great story. He's got a full-time job. |
| 0:39.3 | He's buying rental properties in his spare time. And the rentals are making him $18,000 a month. |
| 0:47.6 | So on the show today, we're going to figure out how he's doing this. We'll talk about how Lewis built his |
| 0:52.9 | portfolio. We'll take a look at his numbers. |
| 0:56.0 | And we're also going to figure out where Lewis has found is the best place to find great tenants. |
| 1:02.9 | Joining us on the show today from New York is Lewis Urena. We'll take a quick break to thank our sponsors. |
| 1:09.2 | We'll come right back and we'll talk to Lewis. |
| 1:11.7 | It's a lot of work to find a really good rental property. And when you actually find that |
| 1:15.9 | property, you want to make sure you're working with a lender that can get that loan closed. |
| 1:20.5 | The lender that I recommend is Chaley Ridge from Ridge Lending Group. She's a nationwide lender |
| 1:26.6 | and her specialty is helping investors finance rental properties. |
| 1:30.9 | She has a ton of loan programs, and she can find something customized to you for your situation. |
| 1:36.6 | If you want to find out more or you're ready to get started today, just go to Ridge Lendinggroup.com. |
| 1:42.3 | That's R-I-D-G-E lending group.com. NMLS 42056. When it comes to hiring, |
| 1:49.9 | the best way to search for a candidate isn't to search at all. Don't search match with Indeed. |
| 1:54.9 | Indeed is your matching in hiring platform with over 350 million global monthly visitors |
| 1:59.5 | according to Indeed data, and matching technology |
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