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Replacing Your Income with Real Estate as a DIY Landlord with Eric Drenckhahn

The BiggerPockets Podcast
1 min read
Replacing Your Income with Real Estate as a DIY Landlord with Eric Drenckhahn

How do you build up an arsenal of relevant landlording knowledge? Through hands-on experience. Eric Drenckhahn is a “DIY landlord” who has managed his mid-sized portfolio for years and who has come across countless maintenance and landlording issues. Join us in picking his experienced mind across a myriad of real estate issues and learn how to become a successful DIY landlord.

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This Show Sponsored By

We just waRealtySharesnted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!

Learn more by visiting RealtyShares.com/biggerpockets!

Fire Round Sponsor

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In This Episode We Cover:

  • How Eric got started investing in real estate
  • Thoughts on buying properties for what they’re worth
  • The reason he waited for 8 years before investing again
  • Why the real estate crash didn’t hurt him
  • Tips for determining your CapEx
  • How to become a DIY maintenance landlord
  • A discussion on DIY vs. hiring it out
  • What you should know about managing properties
  • Instances where doing it yourself goes a long way
  • What’s next for with Eric
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Fire Round Questions

Tweetable Topics:

  • “To make money, you need to have positive cash flow.” (Tweet This!)
  • “Landlord can weed out the simple things.” (Tweet This!)
  • “Managing property is no problem.” (Tweet This!)

Connect with Eric

Eric’s Photos

Eric Falcon Photo Eric Hunting

Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.