261: 19 Rentals, $1M Later: Lessons from the Road

David Lecko takes listeners on a car ride to tour his 19 rental properties, nine of which have appreciated by over $1 million in just five years. Joined by Bruce Arellano, a California investor transitioning to the Indianapolis market, they discuss managing rentals, the BRRRR strategy, and lessons learned from scaling a portfolio in two very different markets.

KEY TALKING POINTS:

0:00 - Introduction

0:28 - Why Bruce And His Wife Moved To Indianapolis

3:00 - California’s Squatter Rights

4:42 - The Rental Scam David Discovered

6:09 - Bruce Says Vetting People In Indy Is Easier Than California

7:50 - How Him And His Wife Divide Up The Duties

12:55 - His Current Approach To Marketing

13:59 - The Differences With Midwest Markets

15:39 - How David Chose His First Investment Party & Self-Managing His Rentals

20:29 - What Bruce Is Looking To Learn From Riding With David

21:21 - Why David Wanted To Take A Look At All Of His Properties

24:27 - People On The Internet Who Hate On Landlords

25:38 - Bruce’s Background In The Military

26:35 - Where Bruce And David Are At In Their Real Estate Careers

27:09 - The Payment Structure That Bruce Recommends For Acquisitions

28:18 - David’s Takeaway

28:32 - Outro

LINKS:

Instagram: Bruce Arellano

https://www.instagram.com/investing4arellanos/

Instagram: David Lecko

https://www.instagram.com/dlecko

Website: DealMachine

https://www.dealmachine.com/pod

Instagram: Ryan Haywood

https://www.instagram.com/heritage_home_investments

Website: Heritage Home Investments

https://www.heritagehomeinvestments.com/