Increasing Rents by $1600/month With An Accessory Building With Ryan Carr

I really have no idea what I’m doing to my kids 😛

Thanks to my obsession with super heroes, I’m often telling my kids that we have to help people. That’s probably OK, it’s how I go about it that may be controversial.

For my daughter, we limit her exposure to the classic princesses and their stories of opulence they were born into and meeting a prince and falling in love. Instead my lessons often focus on helping people whenever the learning moment presents itself. When buying rain boots for my kids, the girl boots were all ponies and rainbows. Whereas the boys boots selection offered solid red fire fighter boots. I bought fire fighter boots for both kids.

This rainy weekend, our kids watched a rare movie, as we strictly limit their screen time. We of course watched Kung Fu Panda 3, which was hilarious and my kids are taking an interest in martial arts since their dad regularly sports a gi for Jiu Jitsu. I explain to both kids how Kung Fu Panda is using kung fu to protect people who can not protect themselves and they are to do the same once they learn Jiu Jitsu like Daddy.

Am I the only one teaching my kids this stuff? Drop me a line on what stuff you’re teaching your kids that are equally… interesting. 😃

The young and brilliant Ryan Carr is back to share his current project where he is turning his poorly performing property into a winner but adding an 850 square foot coach house in the backyard of an existing property and renting it for 1,500-1,600/month plus utilities.

If you haven’t heard Ryan’s previous interview, go back to the episode titled ‘How a Mechanic Invested in 20 Properties in Two Years’ or just Google that title to find it.

Ryan updates us on his ultra conservative investment strategy while acquiring 1-2 properties per month and his current lifestyle as a tenant. Quick refresher, if you believe the market will decline, sell your home and rent, and deploy your capital elsewhere for higher returns. Ryan is putting his money where his mouth is.