Nothing makes me happier than hearing stories about investors who took charge of their financial education and built a successful rental portfolio. Today I’m proud to share this interview with Don, an investor who quickly created a portfolio of 15 rental properties in just three years.
On this episode of Investing in Real Estate, Don is sharing how he got inspired to invest in real estate, the different funding methods he’s used over the years, and his goals for the future. You’ll hear about Don’s DIY projects, as well as his experience working with our team. No matter where you are on your journey, there’s a ton of value in Don’s story.
On this episode you’ll learn:
- What inspired Don to invest in real estate.
- Don’s journey from one property to fifteen.
- What happened when Don visited our market in Lubbock, Texas.
- And much more!
What Inspired Don to Invest in Real Estate
Don heard an ad for the Investing in Real Estate Podcast on his long commute. He tuned into the show and became a regular listener. Don was able to learn a lot about investing on his 200-mile round-trip commute. What really struck Don was an episode he heard about the shortcomings of the 401k. Many people are led to believe that a 401k is going to fund their retirement, but the numbers just don’t add up. Don decided that he had to create his own retirement plan with real estate investing.
Don’s Journey From One Property to Fifteen
Don purchased his first rental property in Toledo, Ohio after obtaining business funding from his local bank. He vetted a great property management company in the area, and was able to collect $750 in monthly rent on a $40,000 investment. His property management company understood his goals and started sending him more properties to invest in.
After a few DIY projects, Don learned he could leverage his Roth IRA. He set up a call with Hayley on our team who helped him transfer his custodian and buy two rental properties in Lubbock, Texas.
What Happened When Don Visited Our Market in Lubbock, Texas
We always welcome our clients to come see our properties. Don made a trip out to Lubbock to visit his new investments and meet the team. He was very impressed with Kyndall and the team that manages everything in Lubbock.
He even took the time to check out the city and played a round of golf. Don liked Lubbock and found it to be a growing, booming city. Don plans to continue buying rental properties, and he’s well on his way to reaching his goal of retiring in two years.
Episode Resources
Book a Call with Our Team
HelloFresh.com/investing14 ← Use code investing14 for 14 free meals + free shipping!
SimpliSafe.com/investing ← Save 20% on your SimpliSafe system + first month free of Interactive Monitoring!
morrisinvest.com/funding
Flagstar Bank
Dan Kraus at Churchill Mortgage
How to Pay Off Your Mortgage in 5 Years
morrisinvest.com/webinar ← Sign up for my webinar!
morrisinvest.com/bootcamp ← Download your FREE 90-Day Bootcamp!
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook
DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
Ready To Build Passive Income Through Rental Real Estate?
Ready to talk about your goals? We're here to show you the tools and teach you the process to begin earning legacy wealth for you and your family.
