He Traded Up To A Better Rental And Increased His Cash Flow By $8,750/Month With Harley Green (Ep 428)

Rental Income Podcast With Dan Lane

English - August 08, 2023 07:00 - 24 minutes - 19.9 MB - ★★★★★ - 785 ratings
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Previous Episode: His Rentals Were Making Money, So He Just Kept Buying Them With Zeke Liston (Ep 427)

Next Episode: Is Following Dave Ramsey Stopping People From Building Wealth With Rentals? With Thomas DeMoss (Ep 429)

Harley shares how he got started buying rent-ready condos off the MLS. Those properties appreciated over a few years, but rents didn't appreciate as quickly as the property values.

Eventually, Harley wasn't getting a good return on his equity.

He decided to sell his condos using a 1031 Tax Deferred Exchange and trade up better properties that generate more cash flow.

For example, he took a property that was rented for $1,750/month and exchanged it for a property that generates $10,500/month. That's an increase of $8,750 a month!

https://rentalincomepodcast.com/episode428