Podcast: Maximize Cash Flow with the Rent-to-Own Model

Are repair costs and vacancies eating away at your rental profits? There’s a way to maximize your properties’ cash flow and eliminate the hassles associated with rental management. Today’s guest, Mitch Stephen, is here to explain why the rent-to-own model is the perfect solution to your profitability problem. Hear how he consistently collects over 300 house payments per month and why having to foreclose on someone isn’t necessarily a bad thing. You’ll also learn about other opportunities in the real estate sphere, including self-storage, land investments, and more!

Listen to today’s show and learn:

Mitch’s brief bio [2:52]
The number of houses to buy per year [4:27]
A simple secret for maximizing your return on rentals [6:30]
Advice on the rent-to-own model [9:39]
Why owner-financed foreclosure isn’t necessarily a bad thing [14:18]
How the dry-storage business works [17:31]
The benefits of owner financing [26:00]
Reasons for buyers to use owner financing instead of a bank loan [28:09]
How to turn down buyers with illicit income sources [30:40]
How to break through your goals.
Plus so much more.

Mitch Stephen

Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen.

Mitch, together with his wife, Tommi, and his daughter, Shannon purchased their fair share of local houses. Their company, Independence Day, Inc., has bought and sold over 1,300 properties in and about San Antonio, Tx since 1996. This company specializes in buying distressed properties with OPM and selling those properties with Owner Financing.

The Stephen family built wealth by purchasing very affordable homes, selling them for double the cost, and owner financing the sale by creating note to their buyer. In 1991, the family made plans to keep their wealth and create “Forever Money” by acquiring Self-Storage and Boat Storage facilities primarily around Canyon Lake where they live in Texas. They started with 13 boat storages in front of a state park at the lake, and the storage business has grown to over 1,100 storage doors in 16 locations.

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