The Young Slumlord Podcast

We go through the full remodel of Jake's new duplex. From replacing the front and back porches, to fully refinishing all the hardwood floors. How much could replacing all your windows really cost? We also go over plans we have for the future of our community and our plans for dropping some new merch. Does the Binder Method really work? Can you get your tenants to agree to paying more rent to avoid having a turn over? We go over what happened when Jake used the Binder Method on his new tenants.

With our first repeat guest, Seth gives us an update on his six rental units purchased with hard money. From the pit of despair to now treading water, with great opportunities on the horizon. Seth also goes over the networking event he is hosting on August 12th. The event is from 5 - 9 PM and features Matt Faircloth, author of "Raising Private Capital" as the keynote speaker.

Matt started his real estate investment journey in college at 24 years old. Utilizing partnerships, he was able to invest with very little money and start his career. In today's episode, we go through Matt's story and how he got to where he is now. Matt started a brokerage that currently employees 39 agents, a property management company, and all while owning six rental units.

Andrew started investing in real estate six years ago while working at a restaurant. Without prior research, he dove headfirst into a single-family house that he house-hacked. Using some creative financing, Andrew utilized the equity from the first property to buy a second and a third. Andrew is continuing to look for new deals to build his income snowball, and he shares what they are.

Is it possible to find a good deal in this market? Of course, it is. We go through Jake's recent offer that was accepted and how all the numbers will look so far. From what we can tell, this deal is a diamond in the rough. Not wanting to be limited to only one deal per year, we look into other low down-payment loans that you don't have to claim residency. Is going with Airbnb a good idea? Can you calculate an expected return from it? If anyone listening has personal experience with Airbnb, please don't be afraid to reach out and provide any help on the topic.

What's going on in the market? We analyze three properties that recently came on the market and determine if any of them are a good deal. Is it possible to find good deals in our current market? We break each property down and run the numbers live to show exactly how we analyze. What is an investment? Is it something that generates income or does saving money also count? These simple definitions are what we internally use to justify our decisions. We go through all the different ways that the topic could be argued, and how it could affect decisions that we make. If the market does continue to trend upwards, can we expect a similar situation to 2008? How does the current landscape compare to what things were like in the great recession? Are they similar or completely different?

It's always important to get perspectives from other sectors of the industry. Dylan is a Loan Officer who has worked directly with both of us financing our deals. We go through how the interest rates went as low as they did, what they are now, and what we expect to happen soon. Dylan also breaks down his current house hack and how the process was finding, financing, and managing the investment. From the FHA 203K loan, 1031 Exchange, to low down payment vacation loans. We discuss our strategies for getting into these properties for as little as possible. If you're interested in contacting Dylan, you can find all of his information here: https://crosscountrymortgage.com/Hennessy-Group/Dylan-Rauschenberger/.

What is the best way to get your money to work for you? In today's episode, we cover our thoughts on what the best path is to get to financial freedom. Do you look out for your future self? Looking back to the present in 5 years, what would you wish you had done? We discuss the strategies we implement in our own lives to be the best we can for our future selves. We've put out a lot of content over the last few months, and we wanted to recap some of the value that we received from those episodes. Starting from the latest episode, we go through what key points stood out to us and how we use that in our strategies. It can be hard to remember all these points, so we are taking the time to reiterate them and hammer them home.

Serving in the Marine Corps, working as a police officer, to driving a truck, Dion saw all the negatives of relying on a job for his income. He started his real estate investing journey by moving into an apartment to rent out his own house, and in his own words doing everything wrong. After getting educated in real estate, Dion started house hacking multi-family properties until his income snowballed. Work is now a choice, and he chooses to do things in life that provide fulfillment and satisfaction instead of just a means to an end. Dion has a YouTube channel breaking down real estate concepts into small bite sized pieces. He posts reguraly so go check him out at www.youtube.com/c/DionTalkFinancialFreedom/.

Kevin is an acclaimed inspirational speaker, author, former broadcaster for Philadelphia Eagles Network, and former NFL player. Kevin's not an investor but is financially independent because he is passionate about what he does every day. The topics we discuss can help anybody in any industry find success in what they do. Principles that Kevin has found success in and shares can help anybody find what they need to do and when. Starting with prioritizing what is most important to your business and family, then creating goals both long and short term to achieve those priorities, followed by time management to maximize your potential of achieving your goals, rinse and repeat. An important factor of investing in real estate is keeping a positive and productive mindset. There will be challenges and pitfalls that come up during the journey but with these steps, you will always come out on top better than you were before. To read more about Kevin and find his book you can visit his website at https://www.kevinreilly52.com/

Nathan was able to get started in real estate because of his work ethic and ability to put the time in. 50/50 partnerships, Cash vs work, some people have cash but don't have the time or skills to get into real estate. and some people have the time and skills and not enough cash. No excuses if this is something you want for yourself. We break down Nathan's deals and go through all the important information he picked up over the years.

Today's guest has been working in real estate since 1999. From coast to coast Suzy has sold listing and bought investments and she goes through them all. We compare how the market was pre-2008 crash and how that compares to today's market. Are we looking at another bubble? Why are there so few women investing in real estate compared to men? Suzy gives her unique perspective on what she feels is the main cause of this phenomenon and what she's doing to help even the playing field.

Our guest in today's episode Todd Hennessy is a mortgage broker who has been in the business for twenty years. Todd breaks down the process into individual steps and shows how easy it can be. From common misconceptions to amazing tips and tricks to benefit your financial situation, we go through it all. If you have ever thought about buying a home, this is the best place to start. If you have any specific questions about the process and are interested in getting started Todd will be there to help at ToddHennessy.com.

Mike is a real estate investor who has been reguraly purchasing rental properties since 2015. Starting with single family, moving to multifamily and beyond. He tells his stories from the best of times to the worst of times. Mike breaks down the numbers on some of his deals, how he got into a partnership, and some side hustles.

Should I pay back my student loans first or save up for investing in real estate? We answer a question from a listener that we feel is a common struggle young people are facing. We are in no way financial advisors, but we try to tackle the hard question with all the knowledge and experience we have. In our MLS analysis, we go over a deal that looks good on paper and have provided the resources we use to analyze in the Young Slumlord Podcast Facebook group.

In today's episode, Seth shares his story on how in 2 years he's built his portfolio up to 6 rental units with only $10k out of his own pocket. He breaks down how he finds deals off-market, finances them with hard money, rehabs them, then refinances them and starts the process over again. His journey has been full of ups and downs, and Seth shares it all.

Awesome interview with realtor and investor Shawn McEnteer. From break-even flips to massively cash-flowing multifamilies. Shawn breaks down his real estate investing journey all while starting a family of four kids, working full time, and building his realtor business. We dive deep into how EXP Reality works and how to get started if you're interested in becoming an agent. You can find Shawn on Instagram @ShawnSellsnjre.

From rags to riches, our guest today tells the story of how a few investments made him over a million dollars in under three weeks. Paul has been trading stocks for almost a decade and he provides his insight into the highs and lows of the industry. None of the information in this episode is investment advice, only a perspective on new ways to fast-track your path to financial freedom.

In today's episode, we interview the founder of the FI Team, Craig Curelop. From how it all began to plans from the future, Craig tells it all. House hacking was a key part of his story and he literally wrote the book on it. We go through the ups and downs, and all the pro tips to become a successful house hacker.

Today we talk about creating the steps you will need to take to gain your own personal sovereignty. In our MLS Analysis we break down an FHA deal and how it's Cash On Cash Return is calculated and what it means to you as an investor.

The road to financial freedom has many paths! In this episode we bring on Jordan Alderfer to go over his experience in stock investing. We go through how he started and resources that you can use to start learning yourself. Caleb Henshaw breaks down his knowledge of Crypto Currencies and what to do if you are interested in getting involved.

In this episode we go into our personal experiences with getting our significant others involved in our real estate quests. We go into mistakes we made, successes we've shared, and suggestions that may help your personal situation. We also go into a loan option that can let you get into real estate investing with little to no money down. This option has some pretty specific criteria but if you can make it work, it will allow you to break the cycle and start working towards financial freedom!

In this episode we dive deep into what failures we went through that actually turned out to be big wins in our lives. Our MLS analysis goes in depth on a property currently on the market where we determine if it is a good deal or not. If you like the show please leave us a review!

In this episode we go into our backgrounds, who we are, and how we got started in real estate. We are in no way experts but our goal is help others get started building passive income and generational wealth through real estate.