You Can Make A Lot Of Mistakes With Rentals And Still Make Money With Andy (Ep 413)

Andy made a lot of mistakes with his first rental. He paid too much, he didn't budget for expenses and vacancies, and he didn't use the 1% rule, or other criteria to evaluate the property.

Rentals can be very forgiving, and with time, his rents went up, he was able to bring his payments down by refinancing and appealing his property taxes. Today this is one of his property is his best-performing rentals.

On this episode, we talk about what Andy learned from this experience, and how it helped him become a better investor.