392: $12,500 per Month in 'Pure Cash Flow' With Todd Baldwin

<p>A<strong> $1 million net worth</strong> before the age of 30... through frugality and creative real estate investing!</p><p>That's what <strong>Todd Baldwin</strong>'s achieved in a few short years, riding the red-hot Seattle housing market by <strong>repeat house hacking, renting by the bedroom,</strong> and living way below his means.</p><p>Sure, Todd's benefited from appreciation, but he's also generating <strong>monster cash-on-cash returns</strong> across his 6 rental properties. And today, you'll learn just how he's doing it: how he finds <strong>pocket listings</strong>, why he favors <strong>new construction</strong>, why he pays for a <strong>$2,000/month service</strong> most landlords would never dream of providing, how he limits <strong>roommate drama,</strong> and much more.</p><p>Wondering if this is legal? We discuss that in detail. Oh, and get this—Todd's all-time <strong>vacancy rate?</strong> <strong>Zero percent</strong>. So if you're in a high-priced coastal market, you <strong>need</strong> to listen to this show. And if you don't, we can pretty much guarantee you'll still enjoy it and pick up a few <strong>landlording nuggets</strong> along the way.</p><p>Know someone who might put Todd's strategy to use? <strong>Share this episode</strong> with him or her today! And <strong>make sure you're subscribed</strong> to the show so you won't miss us next week.</p><p>In This Episode We Cover:</p><ul><li>How Todd makes <strong>$12K+ in pure cash flow</strong> by renting by the bedroom</li><li>Why he buys <strong>new construction</strong> rather than fixer-uppers</li><li>Why he <strong>pays for all utilities</strong></li><li>The<strong> legalities</strong> of renting by the room</li><li>The dangers of buying a property with a <strong>homeowner's association </strong>(HOA)</li><li>Using a <strong>Tinder-like app</strong> to find roommates and tenants</li><li>Why he <strong>hires maids</strong> to clean each of his 6 properties weekly</li><li>His system for <strong>preventing conflicts amon