EP049 Replacing Your Job Income with Five Rental Properties, Infinite Returns and Profiting by Solving Other People's Problems with Nick Watkins

EP049 Replacing Your Job Income with Five Rental Properties, Infinite Returns and Profiting by Solving Other People's Problems with Nick Watkins

Two-Thirds of the way through my conversation today, Nick Watkins drops a huge bombshell: He's managed to generate as much money in rental profits as he makes in his full-time job - and he's done it with only two duplexes and three single-family properties!

Nick takes me step-by-step through his process, how his desire to help others solve their problems led him to purchase rental property, how he's used creative financing to help him achieve 'infinite returns', and how he's learned to manage his properties and his tenants.

Nick also shares stories about the tenant who threatened him and his family, the subsequent eviction, and the consequences of not doing thorough background checks and tenant screening.

Nick & I also discuss the pro's & con's of hiring a professional third party management company, and whether or not the additional expenses are justified.

Nick shares a lot of great information, stories and tips. You can contact him through email at NickWatkinsHouses@yahoo.com

I know you'll enjoy today's conversation. Please take a moment to subscribe, rate & review on itunes.

Avsnitt(594)

EP010 Building a Portfolio during the Recession, Housing Codes, Rental Inspections and Property Maintenance with James Loftus

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EP009 Buy & Hold Investing, Managing your own Property, and Starting Your Portfolio with Rob Minch

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Whether you're a new investor who is wondering how to start your buy and hold portfolio, or a seasoned pro looking for tips on how to manage your property and get higher rents, you're going to enjoy m...

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Historic Districts seem to be a hot button issue lately across the country.  There are several states where legislation is being proposed that would effectively weaken or eliminate historic districts....

7 Mars 201638min

EP007 Commercial Real Estate, Private Money, Buy & Hold, Flipping with Kathy Denison Adrianse

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Kathy Dennison Adrianse Interview:  Kathy is the owner & broker of Lighthouse Property Management, a West Michigan startup company that has been in business for thirteen years.  Kathy has a passion fo...

29 Feb 201647min

EP006 How the Rental Property Owners Association can benefit you, with Clay Powell

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Clay Powell Interview:  If you've been listening to this podcast then you know that there is a lot of experience and expertise in the RPOA community.  What you may not know though, is what the RPOA is...

24 Feb 201627min

EP005 APOD and financial analysis with Russ VandenToorn

EP005 APOD and financial analysis with Russ VandenToorn

Russ VandenToorn Interview:  Russ is the owner of United Properties of West Michigan, a full service property management company in the Grand Rapids area.  Russ teaches the course on APODs (Annual Pro...

23 Feb 201647min

EP004 Buying & Selling Rental Property, Appealing your Tax Assessment with Tom Koetsier

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Tom Koetsier Interview:  Tom is an award winning broker with Compass Realty Services and teaches two popular courses for the RPOA: Buying and Selling Rental Property and Successfully Appealing Your Pr...

22 Feb 201639min

EP003 Rehabbing, Flipping, Buy & Hold, Lease Option Strategies with Justin Workman

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Justin Workman Interview: On the surface Justin Workman seems to be a rehabber, flipper, and buy & hold investor. But in reality he's employing some very creative investing strategies that have allow...

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