The Biggerpockets Real Estate Investing Podcast

People often toss around the term “passive income” when it comes to owning rental properties. And, in truth, there are ways to make managing tenants passive. But for the majority of investors, being a landlord can be tough. On today’s show, we talk with Ryan Murdock, an investor and property manager from Maine about the lessons he’s learned building up his rental portfolio. Ryan also shares his story of going to the brink of financial ruin with a “no money” deal and how to avoid losing your shirt when doing creative financing. In This Episode We Cover: How Ryan started by reading a book The beauty of house hacking Why he started his own property management company  Tips for dealing with inherited tenants How to find good agents Thoughts on having an agency to “sponsor” you How to know when to quit your job The things he misjudged while buying houses How capital plays a huge role How to accurately estimate costs when fixing properties How many rental units he has Tips for finding properties