330. Why Managing Your Own Rentals Will Burn You Out (and What to Do Instead)

Key Takeaways:

Creative Financing: Brandon leveraged seller financing and creative deal structures to grow his real estate portfolio, starting with house hacking in East Nashville.

Freedom Number Approach: He set a clear goal of $10,000 monthly cash flow to transition from tour managing to full-time real estate investing.

Partnerships and Delegation: After reading "Who Not How," Brandon learned to partner with the right people and delegate tasks instead of doing everything himself.

Family-First Business Design: He intentionally structures his business to prioritize family time, including not working weekends and setting clear boundaries.

Hairy Deals Strategy: Brandon sees opportunity in challenging properties by:

Getting a low cost basis

Thoroughly investigating potential issues

Getting accurate repair estimates

Mitigating risks methodically

Diversified Portfolio: He maintains a mix of single-family homes, multifamily properties, and commercial real estate, with a strategic approach to holding or selling based on potential appreciation.

Continuous Learning: Brandon views mistakes as feedback and constantly adapts his investment strategy, such as being more proactive about loan terms and interest rates.