How to Build a $600K/Year Rental Property Portfolio with NONE of Your Own Cash! with Josiah Smelser

Jul 30, 2024

Josiah Smelser, a real estate investor and appraiser, built a $17 million portfolio without using any of his own money. He shares insights into leveraging appraisal skills to find hidden value in properties. Josiah discusses his transition from a demanding corporate job to successful real estate investing using the BRRRR strategy. He emphasizes the importance of cash flow, the impact of market conditions, and meaningful financial growth. Plus, he reflects on gratitude and the true meaning of wealth, inspired by his unique life experiences.

Ask episode

Chapters

Transcript

Episode notes

Intro

00:00 • 2min

Real Estate Insights and Entrepreneurial Journeys

01:32 • 19min

Charity Sponsorship and Real Estate Insights

20:23 • 3min

From Actors to Investors: A Journey in Real Estate

23:02 • 5min

The Transformative Power of Nature on Mental Health

28:16 • 2min

From Self-Care to Real Estate Success

30:25 • 22min

Maximizing Cash Flow: The Key to Real Estate Investment Success

52:28 • 2min

Maximizing Cash Flow in Real Estate Investments

54:48 • 17min

Influential Moments and Creative Insights

01:11:18 • 16min

Josiah Smelser is a real estate investor and appraiser who built a $17 million portfolio from scratch, without using any of his own capital.

In this episode, Josiah shares his incredible journey from growing up in a small town in Alabama, to living in Tanzania at the age of 12, where he had experiences that shaped his entrepreneurial mindset and real estate investing success. He reveals how he went from corporate accounting, working 90 hours a week, to starting his own appraisal business at 21, later amassing an impressive real estate portfolio without investing a dime.

Josiah also talks about:
- How he leveraged his appraisal skills to recognize hidden value in real estate
- The BRRRR strategy that helped him build a $17M real estate portfolio
- Transitioning from $50K to $600K/year through vacation rentals
- The true meaning of wealth (Being grateful for what you have)
- Why he took a break from social media

Books Mentioned:
- Bothy Tales by John D Burns
- The Creative Act by Rick Rubin
- Rich Dad Poor Dad by Robert Kiyosaki
- The War of Art by Steven Pressfield

Connect with Josiah:

Book: https://a.co/d/hkXHdxw

Instagram: https://www.instagram.com/josiahsmelser/

YouTube: https://www.youtube.com/@JosiahSmelser

Connect with Brandon:

📸 Instagram: https://www.instagram.com/beardybrandon

💻 BetterLife Tribe, Brandon’s Real Estate Investing Mastermind: https://abetterlife.com/

📸 BetterLife Tribe’s Instagram: https://www.instagram.com/betterlife/

💻 OpenDoor Capital, Brandon’s Real Estate Investing Company: https://odcfund.com/

📸 OpenDoor Capital’s Instagram: https://www.instagram.com/opendoorcapital/

Connect with Cam:

📸 Instagram: https://www.instagram.com/cam.cathcart/

💻 Deal Flow Real Estate, Cam’s Real Estate Investing Mastermind: http://dealflowrealestate.com/

💻 Revel City HomeBuyers, Cam’s Real Estate Investing Company: https://revelcityhomebuyers.com/

📸 Revel City HomeBuyers’s Instagram: https://www.instagram.com/revelcityhomebuyers/

Josiah’s charitable cause (100% of ad revenue goes here):
- Christian Services Foundation primarily funds Tanzania mission works, schools, substance abuse recovery, and scholarship funds.

Show Sponsor:
- BetterLife Tribe - A Community for Real Estate Investors Seeking Financial Freedom

Interested in building wealth without losing your soul? Join the BetterLife Tribe here: https://join.abetterlife.com/tribe