cover of episode 392: $12,500 per Month in 'Pure Cash Flow' With Todd Baldwin

392: $12,500 per Month in 'Pure Cash Flow' With Todd Baldwin

Publish Date: 2020/7/23
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>A<strong> $1 million net worth</strong> before the age of 30... through frugality and creative real estate investing!</p><p>That's what <strong>Todd Baldwin</strong>'s achieved in a few short years, riding the red-hot Seattle housing market by <strong>repeat house hacking, renting by the bedroom,</strong> and living way below his means.</p><p>Sure, Todd's benefited from appreciation, but he's also generating <strong>monster cash-on-cash returns</strong> across his 6 rental properties. And today, you'll learn just how he's doing it: how he finds <strong>pocket listings</strong>, why he favors <strong>new construction</strong>, why he pays for a <strong>$2,000/month service</strong> most landlords would never dream of providing, how he limits <strong>roommate drama,</strong> and much more.</p><p>Wondering if this is legal? We discuss that in detail. Oh, and get this—Todd's all-time <strong>vacancy rate?</strong> <strong>Zero percent</strong>. So if you're in a high-priced coastal market, you <strong>need</strong> 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 <strong>landlording nuggets</strong> along the way.</p><p>Know someone who might put Todd's strategy to use? <strong>Share this episode</strong> with him or her today! And <strong>make sure you're subscribed</strong> to the show so you won't miss us next week.</p><p>In This Episode We Cover:</p><ul>
  • How Todd makes $12K+ in pure cash flow by renting by the bedroom
  • Why he buys new construction rather than fixer-uppers
  • Why he pays for all utilities
  • The legalities of renting by the room
  • The dangers of buying a property with a homeowner's association (HOA)
  • Using a Tinder-like app to find roommates and tenants
  • Why he hires maids to clean each of his 6 properties weekly
  • His system for preventing conflicts among roommates
  • How complementary skillsets make for great business (and romantic) relationships
  • And SO much more!
  • Links from the Show

    Check the full show notes here: http://biggerpockets.com/show392

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