#177 - Case Study of Our Recent Low-Cost Rental Deal That Makes Over $6k/month Net Income - Kirby Atwell

Throughout my career, I often receive questions from new investors about what to expect when investing in rental properties. It's understandable to be unsure about the potential returns and to set realistic goals, especially when starting out with no prior experience. 

In today's episode, I want to address these questions by taking a different approach. Instead of an interview, I will dive into a recent deal we closed and present it as a case study. I’ll be going over all the details of the deal, from finding the property to reflecting on lessons learned, to provide you with tangible examples and demonstrate what is possible in the realm of real estate investing. 

Whether you are a new investor or an experienced investor seeking inspiration for your next project, this episode is for you. Tune in!

Key Takeaways

[00:00] Introduction

[01:25] Diving into what’s possible in short-term rental investing

[03:06] An overview of the deal and discovery of the property

[10:23] Running the numbers – Factoring in the cost of rehabbing and inspecting the home

[20:46] Running the numbers – Rehabbing the property and anticipating occupancy

[28:12] Financing the deal

[31:45] First key takeaway – When rehabbing a property, think like a problem-solver

[36:25] Second key takeaway – Don’t do a rehab unless you’re creating worthwhile cash flow

[39:04] Closing remarks 

Show Links

Join me for my live Masterclass on July 12, 2023 at 3:30 p.m. (CT)! Join HERE!

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – livingoffrentals.com

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals