“Snowballing” to 12 Rentals in 4 Years & Leaving Their 6-Figure Jobs

Рет қаралды 49,137

Күн бұрын

Пікірлер: 56

@BeyondTheBoundsOutdoors 2 ай бұрын

One thing I've realized from multiple BRRRS....especially now..banks need the business...therefore they will give you money via inflated appraisals. So it's not what the market says it's worth but the bank if you catch my drift. Make the bank happy.

@cruzmissile25 3 ай бұрын

Very good interview, these stories help reinforce that dreams of real estate is possible

@mlegrl 3 ай бұрын

Yes! We’re just normal people out here. If we can do it, anyone can! 🙏🏻

@m.a.l.l.y138 3 ай бұрын

Great episode! Good to see likeminded individuals that saw a way out of a 9-5 and had the faith to keep going after all these years following the same principle from day one. This was a unique story.

@mlegrl 3 ай бұрын

Thanks!! That means a lot 🥹🙏🏻

@Lovingmylife24 3 ай бұрын

Definitely can relate. I am now more interested in putting my money in real estate instead of a car and vacations.🤷‍♀️

@mlegrl 3 ай бұрын

That’s awesome! There’s something to be said about delayed gratification 😊

@Lovingmylife24 3 ай бұрын

@@mlegrl yes!

@aprilvancleve9463 3 ай бұрын

Thank you, you guys! I found this one to be very inspiring. It brings me hope, focus and direction.

@richardjudge2322 3 ай бұрын

Thank You Ashley, and Emily for sharing.

@avirexj 2 ай бұрын

Just wanted to say thank you for the content guys, I can relate as well - I snowballed with my girlfriend last night.

@jjsupremeorta15 2 ай бұрын

Average people try to hold you back in their POV on life

@AndrewHolbert 2 ай бұрын

Everybody around me thinks I'm crazy and that my goal of at least 5 rental properties is too farfetched. Kinda makes you feel defeated sometimes when the people you love suggest the normal 9 to 5 jobs. I was Active-duty army for 4 years and I would much rather be doing that then working a dead-end job. I'm actively going to real estate school to be an agent and I'm slowly realizing that I'd much rather stay stable at my current job with a side Hussle so that I can afford a down payment on my first rental.

@mlegrl 2 ай бұрын

@andrewholbert yes!! I think you are spot on. We stayed in our W2's as long as we could so we could keep getting financing. I would highly recommend having a side hustle and maximize the benefits of a W2 for as long as possible. :)

@javanjackson6918 Күн бұрын

Definitely keep that W2 and at least get a few rentals before quitting. Honestly I would keep it till you can live off of rental income. I am self employed and it makes it so much more difficult

@aarongillette4420 3 ай бұрын

@emily we have a real estate meetup tonight in syracuse!!

@Get-Vertical Ай бұрын

Super inspiring podcast!!! Thank you

@m.a.l.l.y138 3 ай бұрын

I’m in the same situation now!

@markmaue438 2 ай бұрын

I’m right across the river in Edwardsville and we’re starting with buying the duplex we are in.

@mlegrl 2 ай бұрын

that is awesome!! Edwardsville is a great market :)

@jeffpratt605 2 ай бұрын

so this is what I strugle with all the time how much of your cash money is invested into your rentals ? What if you take that cash and put it in the bank no risk 5%? example is you have $100,000 in each rental = 1.2million at 5% in bank no risk using current rates = $60,000 are you netting more then this from rentals?

@Brandon-ez5xx 2 ай бұрын

my personal thoughts. first, idk what their cashflow is but probably higher than this. On top of the cash flow, they are building equity on each property as they pay off the loan. The more equity means if they were to sell, they will be able to get more cash out of it. second, 5% is historic high, it's like to go down in the future and never reach close to this rate.

@jchamilton4476 2 ай бұрын

How safe is this? I’m not being difficult Im just afraid of all that debt

@mlegrl 2 ай бұрын

Honestly I think we had a more conservative approach! As long as the numbers make sense and you are cash flow positive and have reserves in the bank, you can balance the risk. Worst case scenario, you can always offload properties and sell them! If you run the numbers correctly, the risk should be minimal (but nothing is without risk)!

@jerowm5568 2 ай бұрын

The debt is good debt if you control the property & it generates revenue.. all business run off debt, what matters most in business is that you generate revenue. If you pour in the capital upfront w/ new appliances, new furnace, A/C, water heaters ect.. then you’re in one of the safest investments possible given you’re properties are not in tornado alley or hurricane harbor. VET your tenants as if they are moving in with you and you’ll be fine. It’s all about screening your tenants, you’re not running a charity, you are running a business

@trevorssillyplace 2 ай бұрын

just saying it’s no different then you solely relying on your job to pay ur bills if you lost that job and couldn’t get another you would actually be more fucked then if you couldn’t rent out that house because you could sell it if needed.

@Thrive910 2 ай бұрын

What do you do for health insurance?

@mlegrl 2 ай бұрын

@thrive910 I found a health insurance broker and they hooked us up with Freedom Life. It's about $600/mo for me and my husband and the coverage is comparable to what I was getting at my W2!

@TorqueKMA 2 ай бұрын

If the housing market were to drop... these people would find themselves hurting.

@mlegrl 2 ай бұрын

@torqueKMA but we're not selling our properties, so even if the market prices tank, it doesn't really matter to us. That's the beauty of buy and hold investments. The ole saying goes "it's not about timing the market, it's about time in the market" 😄

@rbdg66 2 ай бұрын

Funny, I interned with Anhuesier-Bush as an engineer, but this was years ago.

@mlegrl 2 ай бұрын

small world!!

@stillhopeful7048 Ай бұрын

Where did she find cash flowing houses like that!

@teddybear7967 2 ай бұрын

At least u r not at the brewery 😂

@suburbanacquisitions868 2 ай бұрын

So the million dollar question, what do you do for insurance???

@renesilva241 2 ай бұрын

Just buy insurance

@mlegrl 2 ай бұрын

We use Shelter Insurance! I always ask my lender if they have any insurance recommendations.

@suburbanacquisitions868 2 ай бұрын

@@mlegrl for house or for yorrself (health)

@mlegrl 2 ай бұрын

@@suburbanacquisitions868 Oh, Shelter for property insurance. For health insurance, I use Freedom Life insurance that I got through a broker. It's about $600/mo for me and my husband and it's been pretty good so far!

@gsc0305 2 ай бұрын

6figure like $100,000? Which is not much money. They wouldn’t have left if they were making $900,000

@mlegrl 2 ай бұрын

No you're right, I would not have left if I was making $900,000 hahaha

@arielleb.8937 2 ай бұрын

What job pays 900k? 😂

@mlegrl 2 ай бұрын

@@arielleb.8937 right haha I will be the first to apply 🤣

@marioandultrachap 3 ай бұрын

She lives in my neck of the woods. Tell her to hit me up later and hook a bro up.😂

@evanazeria 2 ай бұрын

so basically live in Missouri if you want to buy a house for 90k

@6bat6manz6thesh1t 2 ай бұрын

You have to take risks or you won’t get anywhere that’s worth it

@mlegrl 2 ай бұрын

@evanazeria 😆 yeah, I think the Midwest markets are typically the most affordable. But as long as you buy something with room to build equity, I think it's a solid strategy!