The 5 Ways You Get Paid Owning Rentals With Carlo Finotti (Ep 357)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 8 March 2022
⏱️ 23 minutes
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Summary
We also talk about what types of properties Carlo is buying, what type of neighborhoods they are in.
We also talk about how Carlo has financed his properties, and the level of risk he is comfortable with.
Transcript
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now dan lay carlo |
| 0:09.9 | you've been buying rental properties with very little of your own money how has everything been working |
| 0:15.2 | out so far uh it's it's been going good i mean over the years we've, we've built out our portfolio with a Burr strategy, |
| 0:24.2 | but, you know, it comes with challenges, you know, dealing with contractors and potential overruns on budgeting. |
| 0:33.1 | And so everyone talks about the Burr strategy saying it's, you know, way to go. |
| 0:38.9 | But there are caveats. |
| 0:40.5 | But if you build processes around it, it can certainly help you scale. |
| 0:44.8 | Carlo has built a rental portfolio of over 40 doors using very little of his own money. |
| 0:51.7 | And the great thing is he's done all this while working his full-time job. |
| 0:56.1 | And on the podcast today, we're going to figure out how he's doing this. We'll take a look at the |
| 1:00.9 | types of properties he's buying, the neighborhoods that they're in. We'll also take a look at some of |
| 1:06.3 | the problems that he's had along the way. He's had issues with contractors and property managers, |
| 1:11.5 | and we'll figure out how he's overcome those issues. And we're also going to talk about |
| 1:16.6 | why he's buying rentals. Most investors are buying rentals for cash flow, and so is Carlo, but he's |
| 1:22.9 | also buying rentals for four other reasons. So we'll take a look at that. Joining us on the show today from |
| 1:29.4 | Pittsburgh is Carlo Fanotti. We'll take a really quick break to thank our sponsors. We'll come right |
| 1:34.9 | back and we'll talk to Carlo. It's a lot of work to find a really good rental property. And when you |
| 1:39.9 | actually find that property, you want to make sure you're working with a lender that can get that |
| 1:44.2 | loan closed. The lender that I recommend is Chaley Ridge from Ridge Lending Group. She's a nationwide lender, |
| 1:51.5 | and her specialty is helping investors finance rental properties. She has a ton of loan programs, |
| 1:57.4 | and she can find something customized to you for your situation. If you want to find |
| 2:02.4 | out more or you're ready to get started today, just go to Ridgelendinggroup.com. That's R-I-D-G-E |
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