BiggerPockets Real Estate Podcast

Semi-Retired with a Small $6,000/Month Rental Portfolio

12 snips
Jun 23, 2025
Bill Price, a sound engineer who has worked with major acts like Justin Bieber and Weezer, shares his journey of scaling down his workload through strategic real estate investments. He reveals how he turned his primary residence into multiple cash-flowing rental properties, ultimately generating $6,000/month while touring the world. Bill candidly discusses the mistakes he made, from challenging tenants to property issues, and emphasizes that with determination and the right strategies, anyone can build a successful rental portfolio, even on a demanding schedule.
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ANECDOTE

Accidental House Hacking Start

  • Bill started his rental journey by renting out a spare bedroom in his condo while touring extensively.
  • This accidental house hacking sparked his interest in real estate investing.
ADVICE

Handle Tenant Issues Calmly

  • Recover losses calmly by using local resources like eviction relief funds.
  • Embrace challenges as learning opportunities rather than reasons to quit.
ADVICE

Split Capital for Multiple Mortgages

  • Split your available capital into multiple down payments to scale your portfolio faster.
  • Listen to your mortgage broker's advice; they can open new financing opportunities.
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