Covering Her Mortgage Payment In One Day (Up To $16k/Month!) | Bigger Pockets Video
Episode #500
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Covering your entire mortgage payment in ONE day?! Todayâs guest is proof that you donât need a full-blown real estate portfolio to start making money. She has only ever owned one property, her primary residence, but it brings in up to $16,000 a month being rented out part-time!
Welcome back to the âReal Estate Rookieâ podcast! When searching for her first home, Nicole Lulinski Weill wanted a property that could bring in some extra income. She started looking at duplexes and homes with accessory dwelling units (ADUs) before stumbling on her dream houseâa vintage home that had been used for film productionsâand deciding to tap into its money-making potential as well.
Despite not owning any ârentals,â she can pay her mortgage with a single project. The best part? This unconventional strategy is scalable! Now that Nicole has proof of concept, she plans to buy more of these niche investments in emerging markets and rent them out in the same way!
If you want to make money without house hacking or becoming a landlord, you donât want to miss this episode! Nicole will show you where to find a money-making primary residence, how to rent out your home to film production companies, and steps to protect your home from damage along the way!
00:00 Intro
00:59 Buying (and Renting!) Her Home
10:51 Permitting & Logistics
14:42 Paying Her Mortgage in a Day?!
17:53 Protecting the Property
22:45 Extra Fees & Rental Rates
26:27 The Booking Process
37:08 Connect with Nicole!
33:39 Scaling & Revenue
