#161: Organically Building a Portfolio of Small Rental Properties + Writing the "Real Life Rentals" Blog with Kyle McCorkel

In this episode, I had the pleasure of interviewing Kyle McCorkle, a successful Pennsylvania-based real estate investor, and blogger. 

We discussed a range of topics, including Kyle's experience with flipping properties, working with private money lenders, and building successful partnerships in the industry. 

Kyle shared tactical advice for those looking to start building their real estate portfolio, including how to structure partnerships, find private lenders, and define the value of work within the partnership. 

Overall, it was an informative and engaging conversation full of valuable insights for anyone looking to grow their real estate business.

1. Kyle McCorkle is an active investor who has built a portfolio consisting of small multifamily properties and is also an active house flipper.
 2. Kyle talks about why he still flips properties, what he looks for in a rental property, and how he works with private money lenders.
 3. Kyle is behind the Real Life Rentals Blog, which he has written for six years.
 4. Kyle shares the benefits of starting a blog and how it can help investors grow their businesses.
 5. The speaker discusses how to work with private money lenders and provides tactical advice for those who have never raised private money.
 6. They mention different types of private loans, like personal loans for renovations and first and second-mortgage lending on a piece of property.
 7. The speaker also raises concerns about security and guarantees for private money lenders and how they are secured.
 8. The speaker shares their approach to defining the value of work in partnerships, especially in the real estate business, where partnerships often fail due to partners feeling unfairly compensated for their contributions.
 9. They advise against partnering with friends solely for convenience and suggest structuring partnerships like vendor relationships to avoid dissension.
 10. The speaker emphasizes that sharing your story online can open you to more potential collaborators, deals, money, contacts, vendors, etc.

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

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