Rental Property Owner & Real Estate Investor Podcast EP352 A Lawyer’s Guide to Finding, Funding And Managing Real Estate Investments With Brian Boyd
Sep 26, 2022
Brian Boyd, a real estate tax attorney and successful investor, offers invaluable insights into navigating the world of real estate investments. He shares his journey from a laundromat owner to generating a six-figure income through vacation rentals. Boyd emphasizes the importance of forming an LLC for asset protection and details the misconceptions surrounding corporate legal protections. He also introduces Rhino, a game-changing tool for landlords to manage security deposits without cash. Expect practical advice on avoiding common investor pitfalls and maximizing your portfolio.
AI Snips
Chapters
Books
Transcript
Episode notes
From Laundromat To 25 Properties
- Brian Boyd started investing by cashing out retirement to buy a laundromat, then used profits to buy a vacation rental and single-family homes.
- He laddered from small deals to 25 properties and now cash flows $25k–$40k monthly.
Fixing A Mismanaged Portfolio
- Brian audited a Chattanooga portfolio after suspect 1099s and found overbilling and neglected homes.
- He fired the manager, invested ~$400k to repair houses, turned seven doors, and raised cashflow substantially.
Start Small And Leverage Equity
- Aim small and buy conservative single-family rentals under market hype to get your foot in the door.
- Use equity growth and rental cashflow to finance future down payments instead of liquidating retirement accounts.
