Optimal Finance Daily - Financial Independence and Money Advice 3150: 4 Lessons Learned From Our 2nd Rental Property by Julien Saunders of Rich and Regular
May 21, 2025
Julien Saunders, co-creator of Rich and Regular, shares his journey in real estate investing, focusing on lessons from his second rental property. He discusses the vital role of cash flow management and the importance of budgeting for repairs. Julien emphasizes the need for strategic planning in property management, suggesting that having accessible cash can act as a financial safety net. His insights provide valuable guidance for anyone looking to navigate the complexities of real estate and personal finance.
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Personal Rental Property Experience
- Julien Saunders shared his personal experience managing his second rental property while balancing work and health challenges.
- He found preparing the property tenant-ready annoying but manageable, emphasizing self-accountability for delays.
Pick The Right Investment Strategy
- Choose a real estate investment strategy that suits your preferences and skills.
- Julien prefers buy and hold for steady income, equity growth, and tax benefits, avoiding hands-on flipping and wholesaling.
Cash Is Always King
- Cash remains essential for real estate investing and dealing with contractors.
- Paying contractors in cash motivates them to do better work but can strain finances if not planned.