67 min listen
392: $12,500 per Month in 'Pure Cash Flow' With Todd Baldwin
392: $12,500 per Month in 'Pure Cash Flow' With Todd Baldwin
ratings:
Length:
64 minutes
Released:
Jul 23, 2020
Format:
Podcast episode
Description
A $1 million net worth before the age of 30... through frugality and creative real estate investing!That's what Todd Baldwin's achieved in a few short years, riding the red-hot Seattle housing market by repeat house hacking, renting by the bedroom, and living way below his means.Sure, Todd's benefited from appreciation, but he's also generating monster cash-on-cash returns across his 6 rental properties. And today, you'll learn just how he's doing it: how he finds pocket listings, why he favors new construction, why he pays for a $2,000/month service most landlords would never dream of providing, how he limits roommate drama, and much more.Wondering if this is legal? We discuss that in detail. Oh, and get this—Todd's all-time vacancy rate? Zero percent. So if you're in a high-priced coastal market, you need to listen to this show. And if you don't, we can pretty much guarantee you'll still enjoy it and pick up a few landlording nuggets along the way.Know someone who might put Todd's strategy to use? Share this episode with him or her today! And make sure you're subscribed to the show so you won't miss us next week.In This Episode We Cover:How Todd makes $12K+ in pure cash flow by renting by the bedroomWhy he buys new construction rather than fixer-uppersWhy he pays for all utilitiesThe legalities of renting by the roomThe dangers of buying a property with a homeowner's association (HOA)Using a Tinder-like app to find roommates and tenantsWhy he hires maids to clean each of his 6 properties weeklyHis system for preventing conflicts among roommatesHow complementary skillsets make for great business (and romantic) relationshipsAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastRedfinBiggerPockets MagazineRenthoopBiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe AsamoahGrant Cardone on Multifamily Investing and Why You Should Never Buy a House!Joe RoganCheck the full show notes here: http://biggerpockets.com/show392See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jul 23, 2020
Format:
Podcast episode
Titles in the series (100)
#22: Building a Marketing Machine, Spec Houses, Flipping & Wholesaling with Tucker Merrihew: While most investors think of real estate investing as buying an ugly property and making it look good, today we sit down with an investor who runs a highly successful investing business that focuses heavily on investing in new home building, along... by BiggerPockets Real Estate Podcast