This investor used his primary residence to build a $6,000/month rental property portfolio—helping him semi-retire, cut his workload in half, and generate a sizable income stream outside his job. And he did it with affordable, small multifamily rental properties that he still buys in today’s market, all while working a demanding schedule that required his attention 24/7, 40 weeks per year.
Bill Price has worked as a sound engineer for some of the music industry’s biggest names. He’s toured with Justin Bieber, Weezer, and Third Eye Blind (among many more), working intensive hours on global tours. But, in the background, when he was off the road, Bill was building an intentional real estate portfolio to replace his income. Today, less than a decade after buying his first true rental, he’s working just 16 weeks per year instead of 40.
Bill made some mistakes and some BIG bets that paid off. We’re talking terrible tenants, eviction notices, bird cages, dog droppings, and flooded basements. But, through it all, Bill says it was well worth it, as 90% of his rental property investing career has been buying deals and collecting checks. If Bill can manage a rental portfolio while touring in Japan and setting up an impromptu skate park for Justin Bieber, why can’t you?
In This Episode We Cover
How to cut your workload in HALF with a small, cash-flowing rental property portfolio
Turning your primary residence into multiple rental properties so you can scale faster
A big eviction mistake that cost Bill months of time with a bad tenant
Doing a BRRRR (Buy, Rehab, Rent, Refinance, Repeat)? Why you should run your numbers as a flip, too
Why you should tell EVERYONE within your circle that you buy rental properties!
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1138
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