How He's Finding 1% Rule Deals In An Expensive Market With Rich Levine (Ep 122)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8 • 836 Ratings

🗓️ 22 August 2017

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rich shares how he's finding great cash flowing rentals in a market that most investors say you can't find deals. He also shares how he manages contractors, the incentive he gives his tenants to get them on ACH payments, and he also shares how he helps other investors do the BRRR strategy.

Transcript

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0:00.0	Inspiring interviews with today's top landlords.
0:05.2	This is the rental income podcast.
0:08.2	And now, Dan Lay.
0:10.1	There are some areas where there's great cash flowing rental properties everywhere.
0:14.9	I mean, you literally in some cities can walk down the street and you can trip over properties that would make great
0:21.4	rental properties. Every property, the numbers just seem to work. But in most of the major cities
0:27.1	in this country, especially the East Coast and the West Coast, the prices are just too high and
0:33.5	the numbers break down and it's impossible to find something that cash flows. Or most people's it's impossible to find something that cash flows or most people
0:39.7	think it's impossible to find something that will cash flow my guest today is proving everybody wrong
0:45.5	he lives in washington dc which is one of the most expensive places in the country and most
0:51.2	people would say it's impossible to find anything that cash flows around here.
0:55.3	But my guest today is doing it. He's been finding good cash flowing properties and he's doing
1:00.6	really well growing his portfolio. So I want to pick his brain. I want to kind of figure out what he's
1:05.9	doing and how he's finding these properties. So let's take a real quick break. We'll come back in 30 seconds,
1:11.7	and we'll talk to Rich Levine. Are you on track to achieve your financial goals? Income producing real
1:17.2	estate is the most historically proven way to accumulate wealth and has created more financial
1:21.8	freedom than any other means. Norat a real estate provides everything you need to invest in the
1:26.9	best turnkey cash flow rental properties.
1:29.5	Our simple proven system will help you create real wealth and passive monthly income.
1:34.0	Get your free strategy session with our knowledgeable investment counselors at Noradarrealestate.com. This is actually Rich's second appearance on the podcast.
1:45.2	He was here about a year ago on episode 82.
1:48.7	Rich, welcome back.
	...

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