The Simple Rental Investment Strategy With Phil Friedrich (Ep 523)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 27 May 2025
⏱️ 27 minutes
🧾️ Download transcript
Summary
With a full-time job and real estate as his side business, he's focused on buying high-quality, move-in-ready homes in up-and-coming neighborhoods.
These are properties in desirable school districts that need just a little TLC, not a full-blown rehab. He only buy rentals he’d be comfortable living in himself.
We dive into his criteria for easy rentals and why quality and location matter more to him than deep discounts or fixer-uppers. I
We look at his portfolio more closely, check whether the numbers are working, and explore what he’s doing with his cash flow.
https://rentalincomepodcast.com/episode523
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Transcript
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now dan lane |
| 0:09.6 | phil can you tell me what you're looking for in a rental property absolutely so you know for for me |
| 0:15.8 | the the strategy in the rental real estate space has always been the the question i asked myself is would i |
| 0:22.3 | move into this house if i had to sell my my primary residence so what we're really looking for are |
| 0:29.5 | you know high quality homes that are in you know neighborhoods that are desirable that have really |
| 0:36.1 | an up-and-coming you know whether it's school district or you know building neighborhoods that are desirable that have really an up-and-coming, you know, whether it's |
| 0:37.8 | school district or, you know, building development area. And then once again, I am not a super |
| 0:43.8 | handy guy, so I kind of look for move-in-ready things that maybe just need a little, you know, |
| 0:48.5 | paint job or, you know, some TLC to get it up and running, but not necessarily full rehab. And then with that, |
| 0:55.4 | you know, I try and limit the amount of time I need to be doing those things because I do work |
| 1:01.0 | a full-time job. And this is kind of my side business, if you will. On the podcast today, |
| 1:06.6 | we're going to see how this has all been working out for Phil. We'll have him break down his |
| 1:10.2 | strategy a little bit more |
| 1:11.3 | and see if he's actually making money doing this |
| 1:14.3 | and if he is what he's doing with the cash flow. |
| 1:17.6 | Joining us on the show today from Omaha, Nebraska is Phil Friedrich. |
| 1:21.8 | We'll take a quick break to thank our sponsors. |
| 1:24.1 | We'll come right back and we'll talk to Phil. |
| 1:27.0 | Investing in rental properties can be |
| 1:29.1 | complicated, but it doesn't have to be. My friends at Mid-South Homebuyers sell completely rehab |
| 1:35.6 | turnkey properties in both Memphis and Little Rock, and they've been doing it for 23 years. |
| 1:42.1 | All their properties come totally rehab. They put on a new roof, |
... |
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