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!
Ashley:
We’ve said it before, but real estate is one of the best wealth building strategies the beginner investor can engage in.
Tony:
And today’s guest, Daniel and Becca Hawthorne are the embodiment of that principle from growing up with housing instability as a young person building a 32 unit portfolio in just five years, it’s literally a blueprint for how ordinary everyday people can create extraordinary wealth through strategic real estate in investing.
Ashley:
This is the Real Estate Rookie podcast. And I’m Ashley Kehr.
Tony:
And I’m Tony j Robinson. And let’s give a big warm welcome to Daniel and Becca. Guys, thank you so much for joining us today. Absolutely. Thank you.
Ashley:
Well welcome to the show. I want to start off with Daniel, could you walk us through on kind of a high level your journey of getting your first…