BiggerPockets Real Estate Podcast - Early Retirement in His 40s with the Duplex and Triplex “Formula”

Episode #1208 Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations: https://resimpli.com/biggerpockets?utm_source=bigger_pockets&utm_medium=youtube_qr_code&utm_campaign=real_estate_show Episode Show Notes: https://lnk.to/biggerpocketsYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab the Book, _The Self-Managing Landlord_ : https://store.biggerpockets.com/products/self-managing-landlord?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the BiggerPockets Real Estate Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders 9 Incredible Resources To Help You Self-Manage Your Rental Properties: https://www.biggerpockets.com/blog/resources-to-help-you-self-manage-your-rental-properties?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none How does a 9th-grade dropout end up retiring early in his 40s with over 50 rental properties that generate the highest possible cash flow? And we’re not talking about big properties—no apartment buildings or commercial real estate. This investor built the perfect rental property portfolio from duplexes and triplexes—small multifamily properties that any new investor can buy. Instead of taking his energy and buying larger properties, he reinvested in the ones he had, which made him even more money, allowing him to scale faster. Matt (the Lumberjack Landlord) and his wife have self-managed over 100 rental units, meaning all that cash flow goes to them. Using his “acquire, stabilize, optimize” formula, Matt’s rentals make hundreds more in cash flow per unit than other properties. This has allowed him to retire in his 40s, all while supporting his family of six. Today, he’s showing you how you can make the most from your rental properties, too. Simple utility changes, smart renovations for higher rents, cheap (and efficient) upgrades, and more can put hundreds of dollars back in your pocket every month. Plus, he shares how to keep your best tenants, even during tough economic times. If Matt could do it all while working 60+ hour weeks, why can’t you? 0:00 Intro 1:39 Barely Affording His First Rental 3:41 Current Portfolio 3:57 The Perfect Small Rental Formula 7:23 Sponsor: REsimpli! 8:04 Managing 100+ Units (Himself) 12:29 Getting Top Rents on Rentals 16:48 This Increases Cash Flow ASAP 20:08 How to Keep Your Tenants 24:36 Police Station Rental Property!?