Apr 8, 2020
If you’d like to give the rent to own business a try but don’t know where to start, you will find today’s episode massively valuable. Our incredible guest has done something truly impressive: he accumulated 250 rental properties in just a few years. In today’s episode, he shared how he made it all happen.
Bill Powers is serial entrepreneur, real estate developer, and educator. He is also the president and founder of RTO Property. His real estate development ventures have enabled him to build a $40 million portfolio for himself and other investors that he works with. He has also flipped over 60 single family homes in just 5 years.
In this episode, discover how Bill grew his rent to own business—from running his 3-member team to the tactics they used to significantly reduce property taxes, you’ll learn it all here!
Key Takeaways
- How he built his rental portfolio
- Differences between standard rental property and rent to own
- Pros and cons of shifting from standard rental property to rent to own
- How his 3-member team works
- What he recommends to those who are looking for a good rent to own deal
- Tactic they use to reduce property taxes
- Their average property tax savings
- What he’d do differently to speed up his success if he had to start all over again
- How he transitioned from rent to own to Airbnb
- Upsides and downsides of running an Airbnb business
- His fears about Airbnb
- His ultimate business goal
- How people can get in touch with him
Links
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?view_as=subscriber
RTO Property - https://rtoproperty.com
CPAH (Community Partners for Affordable Housing) - https://cpahousing.org
BiggerPockets - https://www.biggerpockets.com
LCPIA (Lake County Property Investors Association) - http://lcpia.org
Secure Pay One - https://www.securepayone.com
The 2% Rule - https://www.biggerpockets.com/blog/2013-04-14-the-2-percent-rule
Airbnb - https://www.airbnb.com