Invest in Rental Property

Building a Multi-Family Empire With Eric Bowlin

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Today the guys talk to Eric Bowlin, a successful multi-unit real estate investor from Texas about how he created his real estate empire by the age of 30.

He accidentally got into real estate back in college when he and his wife decided to buy a house near the University. They purchased a 3 unit building, living in one unit and renting the rest. One night while watching a movie with his wife, he heard a knock on the door.

It was one of their tenants there to pay rent. At that moment he realized that I would become a real estate investor. That was the easiest money he had ever earned in his entire life.

At that moment he realized that I would become a real estate investor. That was the easiest money he had ever earned in his entire life.

Eric now owns 26 units making him about 130K per year and he and his family have achieved financial freedom. He sacrificed a lot to get to where he is today, and never stopped planning, preparing, and learning.

Eric talks to a many people who have said “I’ve always wanted to invest in real estate, but…”  and he wants to help educate others on what real estate investing actually is and move past the misconceptions.

You don’t need a ton of money to buy property. Of course, you need some capital to get started in real estate investing, but not as much as you think. There are many turn-key companies like Roofstock that have affordable properties with excellent returns.

Investing is not land lording. Investing is actually buying and holding the property for rent and (hopefully) appreciation. You do not have to be a property manager, you will hire one so don’t get all wrapped up in the “I don’t want to fix leaky toilets” mentality. And, real estate investing isn’t flipping. Flipping homes for profit is a completely different business.

Real estate isn’t really that risky. Yes, it is an illiquid asset but otherwise, it is a quite stable market. If you take the time to learn the ins and outs of the real estate market you will make good decisions and investments with great returns. Spend a lot of time finding a good market to invest in.

It probably won’t be in your own neighborhood so you’ll need to do your market research on demographics, crime, schools, vacancy rates, and percentage of renters in a neighborhood.

If you looking to invest in real estate but looking for something a little more hands-off checkout Fundrise or RealtyShares where you can invest in crowdfunded real estate projects.

Laura Fiebert - Head of Operations Laura is a huge part of what keeps LMM going. She edits the podcasts, books the guests, writes, manages social media (except twitter, she hates it) and a million other things that keep the wheels turning. Most importantly makes sure everything gets done.

She's an avid knitter, wine drinker, and thrifter. A passion of Laura's is second-hand shopping and refashioning vintage clothing. She now has a side business reselling thrift store finds using Poshmark. You can check out her closet here https://poshmark.com/closet/laurafieb. Very soon she'll be launching a site documenting how she runs her Poshmark business so she can teach others how to make money thrift flipping.
She loves cheap champagne, traveling and crappy reality TV.

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