Think you need a **dozen **rental properties) to create generational wealth or retire with real estate? Today’s guest is proof that less is often more, especially if you’re not in a rush to scale your portfolio) and aren’t afraid to get your hands dirty. Want his personal playbook? Then don’t go anywhere!
Welcome back to the Real Estate Rookie** podcast**! Matthew Morneault didn’t consider himself a real estate investor when he bought his first property, a former meth house plagued with all kinds of issues. But **learning how to renovate) **on the fly, renting the property out, and eventually selling it for a profit gave him the knowledge and confidence to go out and **find his *****next ***investment. Today, he has three profitable properties—including one that brings in over $90,000 in annual revenue!
As you’re about to hear, Matthew has targeted **value-add opportunities **with bigger margins, refinanced his mortgage) at the right time, and pivoted to other investing strategies) when things haven’t worked out. In this episode, he’ll show you how to build a modest portfolio that catapults you toward your investing goals!
In This Episode We Cover
How Matthew brings in $90,000 in annual revenue from just ONE rental property
Turning a “messy” **first investment **into three profitable properties
How to identify the best** value-add opportunities for any investment property**
Little-known VA loan)** hacks** you can use to grow your real estate portfolio
The hidden value of** building relationships **with local credit unions
And **So **Much More!
Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/rookie-581)
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