135: Real Estate Biz Q&A - Part 2: How Much $$ Do You Need, Screening Tenants, Management Companies, Buying Multiple Properties at Once, and Financing!

I hope you loved last week’s episode with part one of all of this real estate talk. We’re back today with part TWO of three parts! If you missed part one, go back and listen to it before this one (episode 134) or at least listen to it after. It’s a bit more “foundational” content and here we’re getting into more specifics. 

Today to give you a little peek into what we’re talking about, here are the main questions we’re answering: 

- How much money should you have upfront when investing in rental properties?

- Do you need 20% down for an investment property?

- Would love to know why rentals vs a flip?

- Would love to know how you found your properties and how you are planning to finance them!  - How much are you going to cash flow from each?

- I’d love to hear how much profit you think you’ll be able to make from them!?

- Are you planning to be the landlord/maintenance person or hiring that part out? 

- How do you plan to screen tenants? 

- Are you furnishing your rental properties?

- I would love to know how you decided to go for two properties right away? We have gone back and forth about whether to do just one or two.

If you’re enjoying this series, please leave a 5 star rating/review, share it with your friends, or send me a message to let me know! I always love hearing from you guys! 

Links mentioned in this episode:

- For all links mentioned, head to the full show notes at https://elizabethmccravy.com/135

- Learn more about my business at https://elizabethmccravy.com/ 

As you start your biz, you’re likely starting subscriptions to things left and right, like Showit, Dubsado or Honeybook, FloDesk, Riverside, and Kajabi just to name a few. To get the best deals on your needed software + easy to understand info about that software and if it’s right for you, head to https://elizabethmccravy.com/tools

(This page does use affiliate links, which means I may earn a commission!) 

Need some extra pages to improve or add onto your Showit website, BUT you’re not in the market for an entirely new template? You need my Add On Templates for Showit! You'll find add ons like speaker pages, podcast pages, quiz lead magnets, favorite things pages, Link in Bio pages, and more.

Use the code “BBPOD”to save 15% on your add on or full site template for a limited time: https://elizabethmccravy.com/shop

Over my 9 years of business, I have learned some financial skills the hard way and a few years ago, I developed an an 8 step process I go through at the end of each month. This process helps me know how my business is doing financially, pay myself well and allocate money for things like taxes and expenses. And, it's yours for FREE at https://elizabethmccravy.com/profit