Join us in this intriguing discussion with our guest Todd Baldwin as he shares his expertise on how to generate profits through house hacking. In addition, you’ll discover how to avoid roommate quarrels, what to look for when buying rental properties, and the business model to set yourself apart from the competition. Don’t miss this one out!
Key Takeaways from this episode
- Types of tenants for the house hacking model
- Top tips for landlords to prevent roommate clashes and other rental property challenges
- What financing should you get when buying rental properties?
- Criteria for a profitable rental property
- How to calculate rental rates and charges
References/Links Mentioned
- Craigslist
- Roomies.com
- Renthop
- 27-year-old millionaire who saves 80% of his income refuses to spend on 2 things
About Todd Baldwin
Todd Baldwin is an entrepreneur, investor, and public figure best known for his unorthodox real estate strategy involving renting homes out by the bedrooms.
Growing up, Todd got his first job at 12 years old, shoveling horse manure at a local ranch. He started a landscaping business at the age of 15 and took part in playing Football for Sequim High School. During high school, he started a candy company and also pursued a career in amateur boxing.
Upon graduating high school, Todd attended Western Washington University, where he met his wife, Angela. Todd later dropped out of college to take a sales job working for an insurance company.
In December of 2015, Todd bought his 1st property when he was 23 years old. He and his girlfriend (now wife) lived in the master bedroom, and they rented out the remaining bedrooms to their friends. Nine months later, Todd bought his second property, which he, in turn, rented out the entire house by the bedroom. In March of 2017, Todd bought his third rental property, which he moved into, and rented out every spare bedroom. Todd purchased two more properties in 2018, renting both of them out by the bedroom as well. In 2019, Todd purchased a duplex in Burien, WA. He moved with his wife, renting one side of the duplex out on Airbnb and converting the garage space to a studio apartment.
Connect with Todd
- Website: Todd Baldwin School of Finance
- Instagram: @toddjbaldwin
- Youtube: Todd Baldwin
