I’ve worked a lot on building my rental portfolio up and as of today, I have 196 properties. I talk about my investing journey and my portfolio a lot and I’ve been getting asked by many people how much I am making from them, so I figured I could share it here with you guys.
Watch this video to learn how I track my numbers, what formula I use, and how much I make every month from my 196 rental properties so you can learn how to make money from yours too!
Key Talking Points of the Episode
[00:42] The cash flow formula
[01:03] Why is cash flow important?
[01:45] Figure out the rent
[02:59] Real estate taxes
[06:06] Property Management
[06:47] Make sure you have positive cash flow
[07:58] My rental portfolio tracker
[08:53] The actual numbers
“No matter where you’re buying or what you’re planning to do, I suggest you should always cash flow.”
“I get that some markets appreciate more than others, but you should always make sure your property cash flows because if worse comes to worse, as long as you’re still cash flowing, you should be fine.”
“Most people buy rental properties and in fact, I suggest, and preach, and hope, that you do have mortgages so you can buy multiple rental properties.”
“Maintenance is something that’s a little bit of an unknown, that’s why we just accrue for it every single month.”
“If you rehab the property properly, there should not be a ton of major items or honestly, minor items.”
“When the tenant moves out, even when they took amazing care of the property, it’s still probably gonna be a month, maybe two of no rent collected.”
“You’re still gonna have owning expenses even when you’re not collecting rent, so put money aside so you won’t be digging into positive cash flow.”
“You can definitely collect more if you’re managing your properties by yourself.”
Free Rental Training :
How to start building an amazing rental portfolio without using and of your own money!
Also, info on my mentorship! – Perfect for Leveling Up
Real Estate 101:
Everything you need to get started in Real Estate Investing – Perfect for Beginners!
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