Episode #548

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Episode Show Notes:
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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!

00:00 Intro
00:40 Buying the First Property
05:30 SPONSOR: RealBricks
06:10 Building Generational Wealth
11:37 Scaling to 32 Units
19:47 Cash Flow Numbers
30:23 $30K Tenant Troubles?!
38:13 Connect with the Hawthornes!