BiggerPockets Real Estate Podcast - Making $200K/Year With the Least Amount of Rentals Possible

Episode #1205 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://link.chtbl.com/BPRE 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 Small and Mighty Real Estate Investor_ : https://store.biggerpockets.com/products/small-and-mighty-real-estate-investor?utm_source=youtube&utm_medium=description&utm_campaign=none Property Manager Finder: https://biggerpockets.com/findapm Investor Spotlight: From USMC to FIRE With Just 5 Properties Featuring Dion McNeeley: https://www.biggerpockets.com/blog/investor-spotlight-dion-mcneeley?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dion: https://www.biggerpockets.com/users/dionm12?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 Don’t buy in good school districts. Always end your leases in winter. NEVER raise rents on a tenant. These are just some of the “Dionisms” that have made Dion McNeeley, the so-called “lazy investor,” rich with rental properties. He achieved financial freedom, retiring early with a $200,000/year passive income after slowly, steadily, and lazily investing for the past decade. Want to never swing a hammer? You don’t have to! Want tenants to stick around as long as possible? They will! Too scared to have the rent raise talk? Let Dion do it for you! In this episode, we’re breaking down the ten different “Dionisms” (unconventional landlord advice) that have literally made Dion millions and can do the same for you. Dion went from debt-riddled to multi-millionaire in just over a decade, starting his journey making just $17/hour, with three kids and very little time. If Dion can reach financial freedom with FEWER rentals, why can’t you? 00:00 Intro 02:00 Low Income, High Debt, Lots of Responsibility 05:51 $21,000/Month Portfolio! 08:38 Have FEWER Rentals 11:54 Sponsor: REsimpli! 12:35 1. DON'T Raise Rents 18:55 2. End Leases in the Winter 21:42 3. DON’T Buy Near Good Schools 27:22 4. DON’T Diversify 30:36 5. DON’T Use LLCs 33:12 6. Buy in BLUE States 38:06 7. Value-Add Isn’t Worth It 40:59 Be Like Dion!