He Bought A Rental Property With Just $500 Out of Pocket With Justin Robbins (Ep 586)
About this episode
Justin Robbins shares his journey into real estate investing and how he acquired a rental property with minimal out-of-pocket expenses.
Justin Robbins got into real estate investing almost by accident. Before he even knew what house hacking was, he was doing it with his primary residence. That experience eventually led him to buy his first rental property because he liked the idea of mailbox money and earning a few hundred dollars a month in extra income. On this episode, Justin shares how he went from that first property to building his rental portfolio. We break down how he financed his purchases, where he found the money for his down payments, the types of neighborhoods he targets, and the properties that have produced the best results for him. We also take a detailed look at one of Justin’s recent deals. The monthly cash flow is thin, but Justin only had to come up with about $500 out of pocket to buy the property. We run through the numbers, look at the financing, and discuss whether a rental with limited cash flow can still be a good investment when there’s almost no money invested in the deal. https://rentalincomepodcast.com/episode586 Thanks To Our Sponsors: Ridge Lending Group - Ask about the All-In-One loan. A first-position HELOC on rentals. Rentec Direct - Automate the day-to-day work and make…
Sponsors
Ridge Lending Group, Rentec Direct, PadSplit
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