Think today’s mortgage rates are stopping you from getting rich with rental properties? Think again. Today’s guest built an 11-unit rental portfolio—starting in 2022, with high interest rates—and is cash flowing on each property. In fact, he’s making more cash flow than most investors we know, even with still sky-high rates. How’s he doing it with such little money down? No creative finance, no expert skills—Justin Albrecht is just following a simple, repeatable rental formula.
After moving back in with his mom, Justin was getting the itch to find his own place. The problem? This was 2022, where single-family homes for sale were rife with bidding wars. What about small multifamily properties, like a duplex, triplex, or quadplex? That seemed to be the sweet spot. With zero experience in property management or landlording, Justin took the plunge.
Fast forward three years, Justin now owns four properties totaling 11 rental units, and just quit his W2 job to focus his full-time efforts on his rentals. He did it all without putting a ton of money down and dealing with 7% interest rates on most of his properties. Still, he’s making sizable cash flow, impressive return on equity numbers, and living for free. Today, he’s breaking down his blueprint.
In This Episode We Cover
The small multifamily rentals that average investors can use to build massive wealth
How to unlock monthly cash flow even with interest rates at 7% (or higher!)
Getting into your first real estate deal with just 3.5% down
Does the 1% rule still exist in the 2020s? Yes! Here’s how Justin is finding these deals
“Turnkey” rentals that are move-in ready but still produce serious cash flow
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1159
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
