If you don't qualify for a home loan because you don’t make enough to pay the mortgage, there are ways to creatively do it. Creative landlording is essential to gain maximum personal satisfaction and financial profit.

Today, Clint Coons of Anderson Business Advisors talks to Danielle Villegas, an artist and landlord who shares some of her real estate investing strategies, including how she takes investments and maximizes their value.

Danielle spent years struggling as a film and theater artist. She set her sights on home ownership and managed to become a landlord. Over time, Danielle developed a unique housing model for an underserved growing population. 

Highlights/Topics:

First Home: Make sure it includes rental rooms to earn extra income

House Hacking: Don’t pay your own rent or mortgage if you don’t have to

Financial Adviser: Danielle learned how the rich get richer and other tricks/tools

Creative Financing: Refi made all the difference and cut mortgage in half to be profitable

When selecting renters/tenants:

Priority #1: Make sure they have at least one job to pay the rent

Priority #2: Offer furnished rooms/rentals because it’s easier to move them out

Weekly, monthly, or longer? Danielle rents out space weekly to make more money

Private vs. Shared Space: People need own space, common space is wasted money

Where Danielle tends to find tenants - she advertises mostly on Craigslist

Potential Tenants: Let them tell you what you want/need to know to minimize risk

Used or Not: Make money with rooms not used, won’t be used, used for something else

It’s not just about the money: Make a difference - it's very rewarding

Resources:

Danielle Villegas’ Email

mailto:[email protected]

Art of Landlording

https://artoflandlording.com/

Craigslist

https://www.craigslist.org/

Clint Coons

https://andersonadvisors.com/clint-coons/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Tax and Asset Protection Event

https://andersonadvisors.com/asset-protection/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ