Paul Hinckley, PharmD, CSPI, makes his second appearance on the podcast, sharing his most recent rental portfolio growth and best practices for success in partnerships for long-term rental investments.

Key Points From This Episode

• An introduction to Paul Hinckley and his professional background.
• The motivation behind Paul's decision to scale his real estate portfolio.
• How Paul was able to find the real estate investment property he recently purchased.
• The importance of being patient when purchasing a property.
• Paul's strategy for funding real estate purchases.
• Why Paul chose to deviate to a triplex real estate.
• Benefits from investing continually in one area.
• What Paul's pet policy is and how this fills a gap in the market.
• Methods to ensure that inherited tenants will not become a problem.
• Details about Paul's current partnership in real estate investing.
• Peace of mind that comes with working with a partner.
• The agreements to be put in place when working with family and friends.
• The approach that Paul has taken to handle future problems.
• Experience Paul has with single-family home purchases and renovations.
• A brief highlight of the rental market in Paul's investment area.
• Future real estate investment plans that Paul has.
• Advice that Paul has for people looking at forming a partnership.

Links Mentioned on Today's Episode

• YFP Real Estate Investing 16: Starting with Single Family Rentals
• MLS Multiple Listing Service
• BiggerPockets
• YFP Real Estate Investing
• Join the YFP Real Estate Investing Facebook Group
• Your Financial Pharmacist Disclaimer and Disclosures