The Biggerpockets Real Estate Investing Podcast

On today’s episode of The BiggerPockets Podcast, Josh and Brandon sit down with Bill Powers, a real estate investor from the Chicago suburbs, to learn how he went from zero to over 70 units in five yearswhile focusing on lease options — also known as “rent to own.” This powerful strategy is one that anyone can begin using in their business to achieve more cash flow and equity — and today, you’ll learn all the details. Get your pen and paper out for this show — you’ll want to take some notes! In This Episode We Cover: How Bill got started in real estate All the mistakes he made on his first house Tenant screening must-haves How exactly rent-to-own works What the first look program is What you should know about the 2% rule How to not be a predatory investor Tips for running your business the right way A discussion on “instant equity“ Why some people are not fulfilling their lease options A profile of common tenants who go for rent to own What is Dodd-Frank is and how it affects people who use lease