Episode #293

Too busy to buy rental properties? After this episode, you won’t have any more excuses. Brandon and Dani Tilson started building their rental property portfolio just under a year and a half ago and have already acquired six properties while working schedules that would make most people faint. We’re not talking about one job or two; we’re talking about working three jobs while raising a family and self-managing a rental portfolio. So, if you’re working less than eighty hours a week, this is your sign to get started!

After growing up with a struggling single mother, Brandon vowed that his children should never have to worry like he did. After learning about real estate, Brandon was ready to invest, but his wife, Dani, was not. Cash in the bank was a luxury Dani wanted to hold on to, but after many long conversations, the couple agreed to try their hand at rental properties. Their first deal didn’t go as planned, but it helped them build momentum and turn a small sum into a cash-flowing rental portfolio.

In this episode, you’ll hear exactly how Brandon and Dani scaled to six units in just a year and a half, the property management software they use to run their portfolio painlessly, and how to get your spouse on the real estate investing bandwagon. Brandon and Dani are set to retire in just five years, and if you tune in, you can too!

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Join the Real Estate Rookie Facebook Group:
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Manage Your Property with RentRedi:
https://rentredi.com/biggerpockets/
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Hear Our Interview with Husband and Wife Investing Duo Devana and Reid:
https://www.biggerpockets.com/blog/rookie-265?utm_source=youtube&utm_medium=description&utm_campaign=none
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How to Easily Analyze Rental Properties:
https://www.biggerpockets.com/blog/easily-analyzing-rental-properties-four-square-method?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Brandon and Dani:
Instagram: @brandonanddanitilson or https://www.instagram.com/brandonanddanitilson/
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Follow Nomadic Investor, Sarah Weaver, on Instagram:
@sarahdweaver or https://www.instagram.com/sarahdweaver/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none

Show notes at: https://www.biggerpockets.com/blog/rookie-293?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

04:10 After-Hours Investing

08:04 Getting Your Spouse on Board

14:22 Finances Before Investing

16:27 A Great First Deal Gone Wrong

22:10 HELOCs vs. Cash-Out Refinances

27:59 Major Lessons Learned

32:43 Self-Management Made Easy

36:00 Working 3 Jobs!

41:16 Getting Aligned on Goals

44:43 Rookie Request Line

46:28 Rookie Exam

52:23 Connect with Brandon and Dani!

52:28 Rookie Rockstar