Apr 29, 2020
Let’s set something straight: contrary to popular belief, it’s never too late to build your rental property portfolio. This is something our guest today can definitely attest to. Only 2 years in and he has already accumulated 6 rental properties and is looking to add at least one each month!
Randy Ridderhoff is the owner and CEO of Awesome Homes and Capital, LLC, a real estate investment firm that buys houses as-is in Northwest Indiana. In this episode, Randy shared how he transitioned from doing fix and flips to rental property investing, the tools he uses to ensure everything runs smoothly, and what the transition has been like for him.
If you think it’s too late to build a rental property portfolio, don’t miss today’s episode. Randy’s inspiring story will surely change your mind!
Key Takeaways
- The realizations that prompted him to invest in rental properties
- How rental houses differ from the conventional ones
- Things that hold people back from investing in rental properties
- What his typical deal looks like
- What an amortization calculator is and what it does
- Bank he uses to refinance and what the process is like
- Property management system and tenant screening tool he uses
- Recent road bump he encountered and how he addressed it
- Best way to get ahold of him
Links
BiggerPockets - https://www.biggerpockets.com
Finance of America - https://www.financeofamerica.com
Secure Pay One - https://www.securepayone.com
TransUnion SmartMove - https://www.mysmartmove.com
Awesome Homes and Capital, LLC - http://awesomehomesllc.com
Randy’s email - Randy@AwesomeHomesLLC.com
Living Off Rentals YouTube channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?view_as=subscriber