How To Leave Your Job And Live Off Rental Income With Carl Schiovone (Ep 12)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 835 Ratings
🗓️ 2 December 2014
⏱️ 17 minutes
🧾️ Download transcript
Summary
Keys To Success:
* Leverage relations with others to find deals.
* Having good income and credit history and lenders will want to, "throw you money".
* Don't be afraid to invest outside of your market. Look at your available capital to determine available markets you can afford to invest in.
Transcript
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| 0:00.0 | This is the Rental Income Podcast, where we talk to owners of rental properties and give you actionable tips and advice that will help you make more money while dealing with less hassle. |
| 0:10.8 | And now your host, Dan Lane. |
| 0:12.9 | I put together a list of seven things I wish I knew earlier about renting properties. |
| 0:18.3 | And you can download your free copy. |
| 0:20.7 | Just go to my website, free landlordgift.com. |
| 0:24.7 | Well, I am really excited to speak to our guest today on the Rental Income podcast. |
| 0:30.0 | Carl Chavone is joining us on the phone today. |
| 0:32.7 | Carl has had a really good career owning rental properties. |
| 0:37.0 | He's owned a bunch of properties and done really |
| 0:39.7 | well. He's also really active in the real estate community. He's the president of his local RIA |
| 0:44.5 | club. And I want to talk to him today about how he got started. I want to find out how he financed |
| 0:50.4 | those first couple of deals. I know that he bought a lot of properties in a short period of time. |
| 0:55.3 | So I want to hear about that and see what other wisdom he can give us today. So let's go right |
| 1:00.7 | to the phone. Carl, welcome to the show. Why don't we start with you just telling us a little |
| 1:05.4 | about yourself and how you got here. Okay, Dan, first of all, I want to thank you for letting me on this great show. |
| 1:12.3 | I'm looking forward to a great call. And as far as us getting started, it actually started all in |
| 1:18.7 | a swimming pool about 32 years ago. I'm actually a trained aerospace engineer, and we were in |
| 1:26.5 | corporate America, and we were kind of tired of those challenges. |
| 1:30.5 | So we decided that night that we were going to become real estate investors. |
| 1:35.1 | And what happened from that point on is we essentially leveraged all of the income that we were |
| 1:42.1 | making and literally buying everything we can possibly |
| 1:45.0 | get our hands on. So our life for the first 10 years of our business was pretty much doing our |
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