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Why Managing Your Own Rentals Will Burn You Out (and What to Do Instead)
Episode 330
Key Takeaways:
Creative Financing: Brandon leveraged seller financing and creative deal structures to grow his real estate portfolio, starting with house hacking in East Nashville.
Freedom Number Approach: He set a clear goal of $10,000 monthly cash flow to transition from tour managing to full-time real estate investing.
Partnerships and Delegation: After reading "Who Not How," Brandon learned to partner with the right people and delegate tasks instead of doing everything himself.
Family-First Business Design: He intentionally structures his business to prioritize family time, including not working weekends and setting clear boundaries.
Hairy Deals Strategy: Brandon sees opportunity in challenging properties by:
Getting a low cost basis
Thoroughly investigating potential issues
Getting accurate repair estimates
Mitigating risks methodically
Diversified Portfolio: He maintains a mix of single-family homes, multifamily properties, and commercial real estate, with a strategic approach to holding or selling based on potential appreciation.
Continuous Learning: Brandon views mistakes as feedback and constantly adapts his investment strategy, such as being more proactive about loan terms and interest rates.
Published on 1 month, 1 week ago