97: 19 Units in 1 Year and Starting a “Luxury House Hack”

Jul 21, 2021

01:07:29

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Episode notes

Greg Schwartz didn’t plan on getting into real estate, he was keen on becoming a private pilot. He figured he’d make $200k-$300k per year and that would be enough money to help him retire. That was until he talked to a real estate investor who told him about the potential to make 7-figures in a month. Greg knew that the investor was on to something and he took some time convincing his wife, Rachel, to start investing in real estate.

They both went in on a rental property in Alabama, but after some initial stumbles with long-distance investing, they switched their strategy to house hacking in College Station, Texas. Now, only a year into their investing journey, they have 19-units under their name, one of which is a “luxury house hack”.

Greg and Rachel have had to be diligent while building and systematizing their real estate. Rachel has already become an expert property manager and has learned through her job how to prioritize, systematize, and organize their business to the best of their abilities. This is a great interview with two rookies who chose to pivot and keep building better with every new property they got under contract.

In This Episode We Cover

What to know before you try your hand at long-distance investing

How to convince your partner to make the jump into real estate

Investing in your local market and knowing the small nuances of your area

House hacking in a quadplex and dealing with vacancy/troublesome tenants

Financing your deals using partnerships, retirement savings, and more

Systematizing your business so it can run without you

And So Much More!

Links from the Show

Real Estate Rookie Youtube Channel

Ashley's Instagram

Tony's Instagram