logo
episode-header-image
Apr 2024
22m 18s

Tearing Down An Old House And Building A...

Rental Income Podcast
About this episode
Mitch shares his unique strategy of buying run-down properties, tearing them down, and replacing them with 8-unit apartment buildings.

We talk about why he likes to tear down properties vs buy vacant land.

Mitch also shares the lot size and age of the property he targets, and how he gets the construction done in just a few months.

We also take a look at his numbers. Mitch shares the typical acquisition cost, construction costs, and typical rent.

https://rentalincomepodcast.com/episode463
Up next
Oct 7
Bigger Isn’t Always Better: Lessons from a Painful Investment With Max Emory (Ep 542)
Max Emory was crushing it with the BRRRR strategy on duplexes. His system was working, steady cash flow, solid equity gains, and growing confidence as an investor. But like many of us, Max wanted to scale up.He heard that buying bigger properties would accelerate his success — un ... Show More
27m 45s
Sep 30
How He Became A Millionaire With Just 3 Rental Purchases With Jon Paddol (Ep 541)
Jon Paddol is a regular guy who has quietly built a solid rental portfolio. He started at 24, renting out rooms to friends, and looking back, he wishes he had bought even more properties when he was in his 20s.On this episode, Jon shares how he transitioned from renting to friend ... Show More
21m 30s
Sep 23
The Wealth Building Secret Most Rental Investors Overlook With Chris Heller (Ep 540)
Chris Heller’s rental journey started more than three decades ago, and the secret to his success has been patience.Year after year, his tenants paid down his mortgages while his properties quietly appreciated. Over time, he sold off smaller rentals and traded up to bigger, more v ... Show More
26m 3s
Recommended Episodes
Dec 2020
Mitch Baruchowitz, Merida Capital Holdings - Is The Trade Over? No…It’s Just Getting Going In Some Ways | #274
In episode 274, we welcome our guest, Mitch Baruchowitz, a Managing Partner at Merida Capital Holdings, a private equity firm targeting fundamental growth drivers underpinning the rapid development of the cannabis industry. In today’s episode we’re talking about investing in the ... Show More
1h 12m
Jan 2024
353: From Rehab to Real Estate Investor Making $71K/Year from ONE Rental w/Matt McDermott
Making $71,000 per year from ONE rental property is a huge feat for any real estate investor, but it’s even more impressive when you’ve had to work your way from the very bottom. Although today’s guest had to overcome several challenges on his investing journey, his resiliency pa ... Show More
56m 31s
Apr 2021
104: How Anyone, Anywhere, Can Start Buying Profitable Real Estate with Andrew Luong
It’s hard for real estate investors to get started, especially without a mentor, a background in real estate, or an existing network. Many of those interested in buying profitable, cash-flowing real estate are busy with their 9-5 job or even running their own business. This was a ... Show More
1 h
Jul 2020
392: $12,500 per Month in 'Pure Cash Flow' With Todd Baldwin
A $1 million net worth before the age of 30... through frugality and creative real estate investing!That's what Todd Baldwin's achieved in a few short years, riding the red-hot Seattle housing market by repeat house hacking, renting by the bedroom, and living way below his means. ... Show More
1h 3m
Jun 2024
421: Turning a “Failed” Property Into a $7K/Month Rental by Doing THIS Instead w/Kayley George
A rental property that doesn’t cash flow can be a nightmare for new investors. But when the numbers no longer work, remember that not all is lost. Pivoting to another investing strategy can help save your property and get you right back in the green! Welcome back to the Real Esta ... Show More
48m 13s
Feb 2024
898: Making $175K in Instant Equity on Her First Real Estate Deal w/Lacey Russell and Sam Haack
What if you could make six figures on your first real estate deal? “Yeah, right! Where am I going to find a property like that?” you say. What if we told you that instead of finding a home-run rental property, you could build a better one? Now, not only do you have some instant e ... Show More
37m 52s
Apr 2020
#13: How I bought my first rental property ft. Pranay Parikh, MD
Dr. Pranay Parikh shares his experience with investing in his first rental property. As a seasoned investor, it can often be difficult to remember what our first rental properties were like. Pranay went through this process just a year and a half ago, so it's still fresh in his m ... Show More
24m 14s
Sep 2020
28: Balancing 8 Properties with a Full-Time Career and Family with "Property Pastor" Marsay Winder
We all have the same 24 hours per day... so be like Marsay Winder and make the most of them!He calls himself the "Property Pastor," and he owns 8 properties (24 units) in the Virginia Beach, VA area. Marsay juggles his business with his family life and a full-time career in manuf ... Show More
58m 43s
Jun 2022
626: How “Turnkey” Rentals Can Help You Build Real Estate Riches Faster w/Zach Lemaster
Turnkey rental properties have become a fan favorite for rookie real estate investors and investors who don't have enough time to manage their rehabs and rental properties. Turnkey real estate is marketed as a way for real estate investors to buy a rehabbed property, often with t ... Show More
1h 5m
Jul 2023
793: How to Analyze a Rental Property as a COMPLETE Beginner
Don’t know how to analyze a rental property? After this episode, you’ll be a rental property analysis pro, knowing exactly how much money you’ll make on your first, second, or next real estate investment. But don’t worry; you won’t need any complex formulas, dense spreadsheets, o ... Show More
1h 18m