Real Estate Investing with Coach Carson #456: How One Investor Quit His Job With $100k Rental Cash Flow
Nov 3, 2025
In this discussion, Eric Hughes, an investor and founder of Rental Income Advisors, shares his journey from retail executive to real estate mogul, revealing how he built a portfolio of 25 cash-flowing properties in Memphis. He emphasizes the importance of choosing manageable, smaller homes to minimize expenses and highlights his successful strategies in remote cash-flow markets. Eric also discusses financing options and tax advantages of rental income, offering insights on balancing cash flow and long-term wealth through appreciation.
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How A Colleague Sparked His Investing Journey
- Eric Hughes started investing after a colleague mentioned owning a rental, which sparked his interest in 2012.
- He initially bought studio and one-bedroom condos in NYC expecting appreciation rather than cash flow.
Sold Manhattan Condo To Seed Memphis Portfolio
- Eric sold his Manhattan condo and used the equity to seed a Memphis rental portfolio.
- He initially kept his NYC condos but later sold them to redeploy into higher cash-flow properties.
Sweet Spot Price Range For Cash Flow
- In Memphis Eric targets homes priced $90k–$160k that typically meet the 1% rule and yield 5%–8% cash-on-cash in year one.
- He focuses on attainable neighborhoods that balance rent potential with operational predictability.
