How does a 9th-grade dropout end up retiring early in his 40s with over 50 rental properties that generate the highest possible cash flow?
And we’re not talking about big properties—no apartment buildings or commercial real estate. This investor built the perfect rental property portfolio from duplexes and triplexes—small multifamily properties that any new investor can buy. Instead of taking his energy and buying larger properties, he reinvested in the ones he had, which made him even more money, allowing him to scale faster.
Matt (the Lumberjack Landlord) and his wife have self-managed over 100 rental units, meaning all that cash flow goes to them. Using his “acquire, stabilize, optimize” formula, Matt’s rentals make hundreds more in cash flow per unit than other properties. This has allowed him to retire in his 40s, all while supporting his family of six.
Today, he’s showing you how you can make the most from your rental properties, too. Simple utility changes, smart renovations for higher rents, cheap (and efficient) upgrades, and more can put hundreds of dollars back in your pocket every month. Plus, he shares how to keep your best tenants, even during tough economic times. If Matt could do it all while working 60+ hour weeks, why can’t you?
In This Episode We Cover
How to make the most cash flow possible by self-managing your rentals
Bigger isn’t better: Why Matt exclusively buys small multifamily properties
The “formula” for the rental portfolio that can retire you in your 40s
How to afford your first rental property even if you’re low on cash
Why every investor should talk to local banks first about financing their rentals
Easy ways to keep your best tenants even when the economy gets shaky
Would you live in a jail? Why Matt’s tenants pay to get put behind bars
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1208
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