The Millionacres Podcast « »
Episode #32: Buying Your First Rental Property with Rentals to Wealth

47:47
 
Play
Playing
Share
 

MP3•Episode home

Archived series ("Inactive feed" status)

When? This feed was archived on January 22, 2022 17:41 (4M ago). Last successful fetch was on December 14, 2021 08:19 (5M ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 288729908 series 2791868
By Deidre Woollard and A Motley Fool Service. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In this episode, Millionacres editor Deidre Woollard interviews Lauren and Kyle Clugston of Rentals to Wealth. This young couple are active real estate investors in New Jersey started with a househack and are slowly building their real estate empire.

Today's guests are Kyle and Lauren Clugston, of Rentals to Wealth are here to share their journey with us and inspire prospective rental property investors to take action. They are really focused and cautious and show that you don't have to be a big risk taker to make money in real estate. Follow their journey at www.rentalstowealth.com.

Share your thoughts with us: media@millionacres.com

Timestamps:

0:00 Introduction

1:20 Starting slowly in real estate

3:00 Househacking

4:09 BRRRR Method

6:06 The perfect BRRRR

6:38 Sharing numbers publicly

7:55 Doing your own repairs

9:15 Learning to do repairs

10:15 Finding your first house hack

11:22 Buying a HUD foreclosure

12:10 The anxiety of buying a first house hack

13;35 When to turn over repairs to subcontractors

15:15 Using direct mail to find properties

16:50 Driving for dollars

18:00 How to find property information

19:15 The power of an investing club

22:08 Getting over analysis paralysis

25:45 How to get to the next level

27:35 Using different forms of financing

29:19 Finding private money

31:00 Learning to delegate

34:41 Structuring investments

35:50 Tips for tenant screening

37:45 The value of inspections

41:01 Buying older houses

42:50 Renovating as a couple

72 episodes