On this episode, Carlo Finotti explains why owning just one rental property can actually be riskier than owning several.

When you only have one property, a major repair or a few months of vacancy can wipe out your cash flow for years.

Carlo shares how building a portfolio of multiple rentals creates a safety net, where income from other properties can help cover unexpected expenses. Carlo also talks about the two challenges investors face when buying their second rental. The money side and the mental side.

He explains how he overcame both and how adding more properties allowed him to benefit from economies of scale and reduce risk across his portfolio.

We also talk about how many doors Carlo had before he finally felt comfortable with repair risk, how his perspective has changed as his portfolio has grown, and the worst thing that has happened to him as a rental property investor.

https://rentalincomepodcast.com/episode564

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