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How Many Toilets Do You Own by Joel of 5AM Joel on Hidden Costs
Description
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Episode 3467:
Joel strips away the hype of real estate investing with sharp humor and straight talk, revealing the unglamorous reality behind owning rental properties. From clogged toilets to unexpected costs, he highlights what new investors need to understand before jumping in.
Read along with the original article(s) here: http://5amjoel.com/rental-property-toilets/
Quotes to ponder:
"It’s common for new investors to misunderstand the cash-flow process of a rental business."
"Before buying any new investment property, it’s imperative that all ongoing maintenance, repairs, and any potential disasters are accounted for."
"A couple good quality investments will outperform many average ones."
Episode references:
The Book on Flipping Houses: https://www.amazon.com/Book-Flipping-Houses-Residential-Properties/dp/1947200100
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