Terry Kerr didn’t get it right when he first started buying rental properties. In fact, he made just about every mistake you can make. He bought in the wrong areas, took on rehabs himself to “save money,” hired the wrong people, and bought properties that were either too big or too small to work as profitable rentals.
Over time, Terry figured out what actually matters. He found the sweet spot for the ideal rental property and built a system around it.
On this episode, Terry breaks down what he learned from those early missteps, what he looks for now when buying a rental, where he got the money to get started, and how he financed his purchases along the way.'
Terry also believes tenant retention is the real name of the game. He shares exactly how he keeps good tenants long-term, how he prices and positions his rentals, and how he creates a massive pool of applicants whenever he has a vacancy.
More From Terry:
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