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Rental Income Podcast With Dan Lane

Investing In An Expensive Market Where Properties Don't Cash flow With Josh Rosenthal (Ep 89)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 22 November 2016

⏱️ 20 minutes

🧾️ Download transcript

Summary

Josh shares his strategy of buying rentals for appreciation, and not cash flow. He also shares how he is able to make extra money by renting out properties by the room, renting parking spaces, the backyards of his properties, and by renting his houses to corporate tenants.

Transcript

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0:00.0

Inspiring interviews with today's top landlords.

0:04.9

This is the rental income podcast.

0:07.8

And now, Dan Lay.

0:09.7

Joining me on the podcast today from Washington, D.C., is Josh Rosenthal.

0:14.5

And Josh has kind of a different way that he's going about building his portfolio.

0:19.6

A lot of the guests that we've had on the show

0:21.8

are really concerned with cash flow and they're looking to put actual cash in their pocket every

0:29.1

month. Where Josh is taking more of a long-term perspective, trying to build out his portfolio

0:36.1

and hopefully some time down the road be able to cash out

0:40.1

at a big gain. Josh, welcome to the show. Before we get into your story, why don't you tell us how

0:47.5

you got started in real estate? Well, first, thank you for having me here. Sure. Many years ago,

0:53.4

I felt that I needed to diversify my portfolio

0:57.0

it was uh right about the time of the dot com boom and bust and i realized that while i was working in

1:04.0

technology i needed to not also be investing in technology so something that I understood was real estate. I had grown up

1:14.7

in a house that my parents had bought for just a couple hundred dollars and had repaired the

1:22.9

inside and we increased the livable space. So every time we finished a room, that was a room we could live in.

1:29.9

So I kind of grew up around the idea of a rehab.

1:33.3

And to diversify, I took the money that I would earn in tech, and I'd go and start to invest

1:39.5

it in real estate due to the time horizon I had for those investments.

1:44.9

Okay.

1:45.6

Now, so tell me about exactly what you're doing.

1:49.4

So in the area where your rentals are, Washington, D.C., it's a very expensive market.

...

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