Show: Become Your Own Bank

Hello Everyone….

On today’s show I talk about being a landlord vs being the bank in your own deals.

There are pros and cons of being a landlord, think of the alternative, I’m not saying NOT to be a landlord, wealth has been built that way renting out units.

But, investing creatively is another way to go, There is a Lease Option, Owner Financing and subject to existing financing, don’t forget some banks are raising their criteria to lend out money to real estate investors.

**** Note**** Always seek a professional.

Landlord Responsibility Vs Being The Bank

  • TAXES- Not the banker
  • INSURANCE- Not the banker
  • MAINTENANCE -Not the banker
  • LIABILITY INSURANCE- Not the banker
  • APPLIANCES -Not the banker
  • TENANT MOVES OUT – Owner Re-sell house
  • RENT DEPOSIT – Down Payment to Buy

Landlord Pluses

  • Possible Cash Flow
  • Appreciation
  • Deprecation

Books Recommended

  • Hold- Linda Mckissack
  • The Art of Owner Financing – Mitch Stephen

***Peer 2 Peer Real Estate may be compensated and/or receive an affiliate commission if you buy something through our links, at no extra cost to you.

Thanks to our Partner Lendency

Loans For Residential Real Estate Investors Friends with a tendency to lend

Go Here: Friends with a tendency to lend

Please go to Apple Podcasts look for us at Peer 2 Peer Real Estate Podcasts, subscribe and leave a review

Keep the momentum going, Good things will happen.

Thank you and Stay safe.

Leave a Comment