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$4K/Month and Financial Stability From Rentals After Losing His “Safe” Job w/Kevin and Julia Windheuser
Description
For some people, real estate investing is “too risky.” But what if a small, cash-flowing portfolio could provide financial stability when you lose your job? If you asked today’s guests, they might say it’s too risky NOT to buy rental properties!
Welcome back to the Real Estate Rookie podcast! Kevin and Julia Windheuser got into real estate at the perfect time. Shortly after building a small portfolio with six total doors, Kevin was let go from his “safe” engineering job. With no W2 income, the couple leaned on the steady income from their rentals. This $4,000 monthly cash flow bought them the time to not only work on their real estate business but also find Kevin a new job.
In this episode, you’ll learn about the power of a “small and mighty” rental portfolio and how it can insulate your finances when times are tough. Kevin and Julia also talk about why they chose a market just outside their backyard, as well as how they estimate rehab costs. Tired of bad tenants? Julia shares the unique screening process she uses to guarantee the best tenants in town!
In This Episode We Cover:
How to build a small portfolio of cash-flowing rental properties
How multiple streams of income can save you financially in life
Choosing a market when your backyard is too expensive to invest
Home renovation projects YOU can tackle (and which ones to outsource)
Simple ways to estimate rehab costs as a new investor
How to improve your screening process and get better tenants in your rentals
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Real Estate Rookie Facebook Group
Submit Your Real Estate Rookie Question!
Apply to Be a Guest on the “Real Estate Rookie” Podcast
Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio