Using His "Weaknesses" to Grow a $1.8M Real Estate Portfolio

Episode #803

Want to build a million-dollar real estate portfolio? We’ve got good news for you! You DON’T have to rush full-steam ahead, buying every property that crosses your path to reach financial freedom. That’s right, instead of buying dozens of units a year, you can buy a dozen units within a couple of decades, taking the slow, steady path to building wealth instead of ferociously racing to rack up as many rentals as possible.

While it may sound like every real estate investor is constantly on a buying spree, this is far from the truth. Investors like Andy Gil have been able to build seven-figure real estate portfolios without sacrificing time with family or infringing on their morals to make more money. Far from it, actually; Andy is outwardly trying to make it easier for often neglected renters to find a safe place to stay.

Through the past two decades, Andy has been building his rental property portfolio up to the twelve units it is today. He never thought he would be the person to buy a house, let alone own a rental portfolio. Still, thanks to his differences that make him a superhero in aspects most investors would dread, he’s built serious wealth without sacrificing what’s important. In this episode, you’ll hear precisely how Andy did it, his “T-Rex” policy that entices renters, outsourcing your weaknesses, and using your differences to build wealth.

~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
~~~~
Expand Your Investing Knowledge With the BiggerPockets Books:
https://store.biggerpockets.com/?utm_source=owned_media
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/lendermatch
~~~~
A Slow, Steady, and Sustainable Way to Buy Rentals:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-181-julie?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
The Ultimate Guide to Adding Systems & Outsourcing to Work Less in Real Estate:
https://www.biggerpockets.com/blog/2015-07-06-ultimate-guide-systems-outsourcing-real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Going Into Multifamily When You’re Fairly New to Real Estate:
https://www.biggerpockets.com/blog/biggerpockets-podcast-436-jamie-gruber?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Connect with Andy:
BiggerPockets: https://www.biggerpockets.com/users/andrewg689?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @coachandygil or https://www.instagram.com/coachandygil/
~~~~
Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Connect with Rob (Robuilt):
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Twitter: https://www.twitter.com/robuiltchannel
YouTube: https://www.youtube.com/c/Robuilt
~~~~
Follow David and BiggerPockets on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/
@biggerpockets or https://www.instagram.com/biggerpockets/

Show notes at: https://www.biggerpockets.com/blog/real-estate-803?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

02:26 Quick Tip

02:46 The No “T-Rex” Property Policy

10:00 Using Your Differences to Get Ahead

15:54 The First House Hack

18:58 Due Diligence

27:34 Outsourcing Your Weaknesses

39:57 Deal Deep Dive

50:21 Andy's Current Portf olio

56:51 Connect with Andy!


Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/mortgage-rates-violent-flip-housing-market-update