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Rental Income Podcast With Dan Lane

How He's Making $1,200/Month On His First Rental With Josh Beausol (Ep 107)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 9 May 2017

⏱️ 21 minutes

🧾️ Download transcript

Summary

Josh shares the details of his first deal. A property that is generating $1,200/month in cash flow.

Transcript

Click on a timestamp to play from that location

0:00.0

inspiring interviews with today's top landlords this is the rental income podcast and now dan lay

0:09.6

josh bosley from boston is joining us on the podcast today josh has a really really great story

0:16.0

he bought a fourplex building that he lives in he rents out the other three units and he's making $1,200 a month in

0:23.4

cash flow. I mean, I think this is really awesome. And to be honest, I don't understand why

0:28.7

everybody isn't doing this. This just seems like kind of a no-brainer. So we're going to take a

0:33.6

quick break. We're going to come back and we're going to hear Josh's story. Are you on track to achieve your financial goals? Income producing real estate is the most

0:41.0

historically proven way to accumulate wealth and has created more financial freedom than any

0:45.7

other means. Norata real estate provides everything you need to invest in the best turnkey

0:50.7

cash flow rental properties. Our simple proven system will help you create real wealth

0:55.2

and passive monthly income. Get your free strategy session with our knowledgeable investment counselors

1:00.2

at Noradarrealestate.com. That's N-O-R-A-D-A-R-A-R-A-R-A-R-A-R-E-A-R-E-A-R-E-A-R-E-A-R-R-E-A-R-R-E-A-R-R-E. me back. What got you first interested in buying a rental? Thank you, Dan. My family has been involved

1:12.7

in rental properties on the buying and the management and the upkeep. And so I grew up with that

1:17.7

and really developed a taste for it and have been moving towards that as my primary profession.

1:25.1

I really enjoy it. I love it. Now, you have a fourplex right now,

1:29.6

and so you're living in one of the units, and you're renting out the other three. What made you

1:35.7

want to buy a fourplex over buying a single family or a duplex? The fourplex, that's all

1:42.8

correct. The fourplex has great cash flow um through turnover uh you know

1:49.3

if 80 percent occupancy is a great number um the fourplex allows you to withstand some uh tenants

1:58.0

moving out some you know non paying rent rents rents, and still maintain a really high level of

2:03.8

occupancy.

2:05.0

In a Ford family, I could cycle out to the tenants confidently while having at least one other

2:11.5

tenant pay the bill.

...

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