212: Net Worth of 1M - House Hacking to Five Rentals
Nov 15, 2021•48 min
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Episode description
Nick has a current net worth of over one million dollars, of which 65% is invested in single family real estate. He has five single family rentals and a primary residence. Once paid off, the homes should cash flow about 60K annually. Three of the rentals are former primary residences. Nick discusses property management and the tools and systems he uses to manage successfully. He also walks through a typical deal including the purchase price, mortgage amount, monthly payments, and cash flow.
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