Making $65,000 in yearly cash flow from *three *rental properties)?! Today’s guests are on a mission to create generational wealth, and they’re doing it with an investing strategy) YOU can use to scale your real estate portfolio) fast, too—small multifamily properties!
Welcome back to the Real Estate Rookie podcast! Daniel and Rebeca Hawthorne didn’t come from money, but they’re looking to reverse that trend and give their family a much better life. In just FIVE years, they have built a small multifamily portfolio of 32 rental units. How did they do it? In this episode, they’ll share how they leveraged home equity) to buy their first, second, AND third rental property!
Of course, it hasn’t all been smooth sailing. Daniel and Rebeca have had a few tenant horror stories, including one that involves a fraudulent caretaker and over $30,000 in property damage. But despite all the hurdles and growing pains, they’re building massive wealth by amassing units and slowly converting long-term rentals into medium-term rentals) for higher cash flow. Stay tuned to hear their full story from childhood poverty to financial freedom!
In This Episode We Cover
How Daniel and Rebeca scaled to 32 rental units in just FIVE years
The blueprint to create generational wealth with small multifamily real estate)
Leveraging your home equity to fund investment property down payments
How to defer capital gain taxes on your property sale with a 1031 exchange)
Freeing up your time, energy, and ability to scale by hiring a property manager
And So Much More!
Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/rookie-548)
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