{"id":79185,"date":"2016-07-28T00:02:13","date_gmt":"2016-07-28T06:02:13","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=79185"},"modified":"2023-04-14T02:13:39","modified_gmt":"2023-04-14T08:13:39","slug":"2016-07-28-bp-podcast-185-rent-to-own-increase-cash-flow-maximize-equity-bill-powers","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2016-07-28-bp-podcast-185-rent-to-own-increase-cash-flow-maximize-equity-bill-powers","title":{"rendered":"How \u201cRent-to-Own\u201d Can Increase Cash Flow and Maximize Equity with Bill Powers"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">On today\u2019s episode of <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\">The BiggerPockets Podcast<\/a>, Josh and Brandon sit down with <strong>Bill Powers<\/strong>, a real estate investor from the Chicago suburbs, to\u00a0learn how he went from <strong>zero to over 70\u00a0units in five years<\/strong> while focusing on lease options &#8212; also known as \u201crent to own.\u201d This powerful strategy is one that anyone can begin using in their business to achieve more cash flow and equity &#8212; and today, you\u2019ll learn all the details. Get your pen and paper out for this show &#8212; you\u2019ll want to take some notes!<\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC4778188059&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"How \u201cRent-to-Own\u201d Can Increase Cash Flow and Maximize Equity with Bill Powers | BP Podcast 185\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/97dpS9jDBAE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-75010\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/09\/PATLive-Logo1.png\" alt=\"PATLive-Logo\" width=\"232\" height=\"72\" title=\"\">We just wanted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> PATLive<\/strong>. PATLive&#8217;s team of superstar receptionists will always leave your customers delighted. Every agent goes through a rigorous training course before they can answer calls, and we&#8217;ve got quality assurance down to an art.<\/p>\n<p>Learn more by visiting <a href=\"http:\/\/www.patlive.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">PATLive.com\/biggerpockets<\/a>!<\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-77567 alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/03\/simplisafe.png\" alt=\"simplisafe\" width=\"271\" height=\"58\" title=\"\">Check out <strong>SimpliSafe<\/strong> Security&#8217;s DIY home security systems; an affordable, wireless, cellular, and customizable system that doesn&#8217;t require a contract!<\/p>\n<p>Try it today with a discount:\u00a0<a href=\"http:\/\/simplisafepockets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">simplisafepockets.com\/<\/a><\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>How Bill <strong>got started<\/strong> in real estate<\/li>\n<li>All the <strong>mistakes<\/strong> he made\u00a0on his\u00a0first house<\/li>\n<li><strong>Tenant screening<\/strong> must-haves<\/li>\n<li>How exactly <strong>rent-to-own<\/strong> works<\/li>\n<li>What the <strong>first look<\/strong> program is<\/li>\n<li>What you should know about the <strong>2% rule<\/strong><\/li>\n<li>How to not be\u00a0a <strong>predatory<\/strong> investor<\/li>\n<li>Tips for <strong>running your business<\/strong> the right way<\/li>\n<li>A discussion on\u00a0&#8220;<strong>instant equity<\/strong>&#8220;<\/li>\n<li>Why some people are not <strong>fulfilling<\/strong> their lease options<\/li>\n<li>A <strong>profile<\/strong> of common\u00a0tenants who go for rent to own<\/li>\n<li>What is <strong>Dodd-Frank<\/strong> is and how it affects people who use lease options<\/li>\n<li><strong>Things to note<\/strong> before going for a lease option<\/li>\n<li>What the <strong>future<\/strong> of his business is<\/li>\n<li>How many <strong>hours<\/strong> he works in a week<\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=_oXQ4xOkey8\" target=\"_blank\" rel=\"noopener\">How I Found My Five Latest Real Estate Deals! (Five Different Strategies)<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/webinar?main_track_only=true\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Webinar<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"http:\/\/www.zillow.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Zillow<\/a><\/li>\n<li><a href=\"http:\/\/www.rent.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Rent.com<\/a><\/li>\n<li><a href=\"http:\/\/www.trulia.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Trulia<\/a><\/li>\n<li><a href=\"https:\/\/www.securepayone.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Secure Pay One<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/get.biggerpockets.com\/nomoneydown\/\" target=\"_blank\" rel=\"noopener noreferrer\"><i>The Book on No or Low Money Down <\/i><\/a>by Brandon Turner<\/li>\n<li><a href=\"https:\/\/get.biggerpockets.com\/flippingbook\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Book on Estimating Rehab Cost<\/em><\/a> by J. Scott<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aaPS6W\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Golden Rules<\/em><\/a> by Bob Bowman<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;Where rents are highest and acquisition of capital is lowest, that\u2019s where we focus.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22Where%20rents%20are%20highest%20and%20acquisition%20of%20capital%20is%20lowest,%20that%E2%80%99s%20where%20we%20focus.%22%20biggerpockets.com\/show185%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;I think you can always flip. I think there\u2019s spread on properties all the time.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22I%20think%20you%20can%20always%20flip.%20I%20think%20there%E2%80%99s%20spread%20on%20properties%20all%20the%20time.%22%20biggerpockets.com\/show185%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;There are ways to lose money on flips even if you make money &#8212; because opportunity cost is a big factor on that.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22There%20are%20ways%20to%20lose%20money%20on%20flips%20even%20if%20you%20make%20money%20-%20because%20opportunity%20cost%20is%20a%20big%20factor%20on%20that.%22%20biggerpockets.com\/show185\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Don\u2019t be enticed completely by the flip side of things. Look long term.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22Don%E2%80%99t%20be%20enticed%20completely%20by%20the%20flip%20side%20of%20things.%20Look%20long%20term.%22%20biggerpockets.com\/show185%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Bill<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/RTOProperty2\" target=\"_blank\" rel=\"noopener noreferrer\">Bill&#8217;s\u00a0BiggerPockets Profile<\/a><\/li>\n<li><a href=\"http:\/\/rtoproperty.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bill&#8217;s Company\u00a0Website<\/a><\/li>\n<\/ul>\n<p><iframe loading=\"lazy\" title=\"Show 185 Preview: Where rents are highest and acquisition is lowest...\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/S4WVfGZGzoQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On today\u2019s episode of The BiggerPockets Podcast, Josh and Brandon sit down with Bill Powers, a real estate investor from the Chicago suburbs, to\u00a0learn how he went from zero to [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-79185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/79185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=79185"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/79185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118678"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=79185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=79185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=79185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}