Flipping Cheap Rentals To Buy Better Ones With Nick Wood (Ep 398)

Nick shares his strategy of buying cheap single-family properties, doing minor repairs, renting them out, and eventually selling them and using the profit as his down payment on a bigger and better property.We talk about a recent example of how he bought a house and after five months sold it and used the profit as a down payment on a 12 unit apartment building.Nick also shares the numbers for his entire portfolio including total rent, mortgage payments, expenses and total cash flow.https://rentalincomepodcast.com/episode398