BiggerPockets Real Estate Podcast Retired in His Mid-40s Using the Perfect “Small” Rental Property Formula
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Dec 3, 2025 Matt, known as the Lumberjack Landlord, shares his journey from a 9th-grade dropout to retiring in his 40s with over 50 rental properties. He emphasizes why smaller multifamily units, like duplexes and triplexes, can outshine larger investments. Using his 'acquire, stabilize, optimize' approach, Matt reveals practical tips for boosting cash flow and retaining tenants, all while self-managing hundreds of units. He even discusses innovative projects, like converting a jail into community spaces, and his commitment to providing veteran housing.
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From Dropout To House-Hack Beginning
- Matt dropped out in ninth grade, lost his stock market savings, and taught himself to build wealth through real estate.
- He bought his first home by house-hacking with a roommate and that began his investing path.
Small Multifamily Valuation Advantage
- Smaller multifamily (2–4 units) values tie more to comparable sales than rent-driven valuation.
- Matt builds a 'rent box' using 17 variables to target only deals that fit his repeatable buy box.
Use A Definable, Repeatable Buy Box
- Define a strict buy box and score properties on renovation, location, and condition before bidding.
- Only acquire deals that meet your reproducible criteria to ensure consistent returns.