Rentals Gave Him Time Freedom With Justin Cambra (Ep 481)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.9 • 805 Ratings
🗓️ 6 August 2024
⏱️ 24 minutes
🧾️ Download transcript
Summary
Justin has built a tremendous retail portfolio, but a big part of his success is living in a house hack that profits $3,000 monthly.
He does this by renting the downstairs part of his rental on a medium-term basis and renting out extra parking spaces.
On this episode, Justin also shares three things he would have done differently if he had started over today.
https://rentalincomepodcast.com/episode481
Transcript
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| 0:00.0 | Inspiring interviews with today's top landlords. |
| 0:04.7 | This is the rental income podcast. |
| 0:07.6 | And now, Dan Lane. |
| 0:09.8 | Justin, this almost sounds too good to be true. |
| 0:12.3 | This can't be right. |
| 0:13.1 | You live in a house hack. |
| 0:14.3 | So you're living for free, but you're also profiting $3,000 a month. Is that correct? Yes, that's totally true. And it's |
| 0:25.5 | been pretty amazing to get paid to live at your house, right? So what I'm doing is I live in a one |
| 0:32.0 | bedroom up top. I rent a three bedroom down below in this duplex and getting 3,400 on medium-term rental. |
| 0:41.1 | And really where the kicker is is I have a large parking lot that I'm renting out on neighbor for $3,000 a month. |
| 0:48.4 | The reason Justin buys rental properties is because he wants time freedom. |
| 0:53.1 | He doesn't want to be stuck working at a job |
| 0:55.0 | all day. And the rental properties have given him that freedom. And I think a big part of him |
| 1:01.2 | getting there is eliminating his housing expenses and making $3,000 a month, renting out parking |
| 1:08.1 | spaces that he wasn't even using. So on the show today, we're going to |
| 1:12.1 | figure this out. We're going to first figure out how he makes $3,000 a month renting out these |
| 1:17.2 | spots. And then we're also going to figure out how he built the rest of his portfolio and got |
| 1:23.3 | to where he is today. Joining us on the show from Seattle is Justin Cambria. We'll take a quick |
| 1:29.7 | break to thank our sponsors. We'll come right back and we'll talk to Justin. When it comes to hiring, |
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| 1:40.1 | Indeed is your matching in hiring platform with over 350 million global monthly visitors, according to Indeed data, and matching technology that helps you find quality candidates fast. |
| 1:50.1 | Ditch the busy work. Use Indeed for scheduling, screening and messaging to connect with candidates faster. |
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