Think you need a dozen rental properties to create generational wealth or retire with real estate? Today’s guest is proof that less is often more, especially if you’re not in a rush to scale your portfolio and aren’t afraid to get your hands dirty. Want his personal playbook? Then don’t go anywhere!
Welcome back to the Real Estate Rookie podcast! Matthew Morneault didn’t consider himself a real estate investor when he bought his first property, a former meth house plagued with all kinds of issues. But learning how to renovate on the fly, renting the property out, and eventually selling it for a profit gave him the knowledge and confidence to go out and find his next investment. Today, he has three profitable properties—including one that brings in over $90,000 in annual revenue!
As you’re about to hear, Matthew has targeted value-add opportunities with bigger margins, refinanced his mortgage at the right time, and pivoted to other investing strategies when things haven’t worked out. In this episode, he’ll show you how to build a modest portfolio that catapults you toward your investing goals!
In This Episode We Cover
How Matthew brings in $90,000 in annual revenue from just ONE rental property
Turning a “messy” first investment into three profitable properties
How to identify the best value-add opportunities for any investment property
Little-known VA loan hacks you can use to grow your real estate portfolio
The hidden value of building relationships with local credit unions
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-581
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