Flipping a $1.3M Rooming House w/ Rachel Swanson
04/18/23 • 76 min
In this podcast episode, we had the pleasure of speaking with Rachel Swanson, a former dental hygienist turned blogger, entrepreneur, and real estate investor. Rachel shared her journey of starting a blog, writing a personal and spiritual growth coloring book, becoming an author and speaker, and eventually becoming an accidental landlord during the COVID-19 pandemic.
Rachel discussed how she learned to pivot and adapt in her investing journey, starting with her first rental property that she refinanced and turned into a cash-flowing investment.
Rachel also shared her experience buying and selling different types of properties, including a four-plex and an assisted living home that she turned into a co-living, rent-by-the-room situation. She talked about the challenges of dealing with city planning battles and appraisers who didn't know how to properly value her properties.
Despite these challenges, Rachel has built a portfolio of 9 units and also property manages a total of 20 units, with plans to launch a short-term rental property management business.
Rachel emphasized the importance of screening tenants, changing course when necessary, and having a positive mindset when it comes to investing in real estate. Her story serves as an inspiration for anyone looking to build a successful real estate portfolio and achieve financial freedom.
You can connect with our guest on Instagram @rachelcswanson.
Are you interested in finding great off-market investment opportunities? We’ve partnered with DealMachine to help bring great deals to your doorstep. All you have to do is sign up with DealMachine and use the code THEREALFI at signup. Patrick and I are clients of DealMachine and have made a lot of money using their services. We hope you do too!
Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to [email protected] and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!
You can connect with you hosts on instagram:
James on Instagram: @James_Rippeon
Patrick on Instagram: @RentalPropertyCouple
Watch on Youtube.
Sign up for our newsletter to stay informed.
Let's kick the 9 to 5!
In this podcast episode, we had the pleasure of speaking with Rachel Swanson, a former dental hygienist turned blogger, entrepreneur, and real estate investor. Rachel shared her journey of starting a blog, writing a personal and spiritual growth coloring book, becoming an author and speaker, and eventually becoming an accidental landlord during the COVID-19 pandemic.
Rachel discussed how she learned to pivot and adapt in her investing journey, starting with her first rental property that she refinanced and turned into a cash-flowing investment.
Rachel also shared her experience buying and selling different types of properties, including a four-plex and an assisted living home that she turned into a co-living, rent-by-the-room situation. She talked about the challenges of dealing with city planning battles and appraisers who didn't know how to properly value her properties.
Despite these challenges, Rachel has built a portfolio of 9 units and also property manages a total of 20 units, with plans to launch a short-term rental property management business.
Rachel emphasized the importance of screening tenants, changing course when necessary, and having a positive mindset when it comes to investing in real estate. Her story serves as an inspiration for anyone looking to build a successful real estate portfolio and achieve financial freedom.
You can connect with our guest on Instagram @rachelcswanson.
Are you interested in finding great off-market investment opportunities? We’ve partnered with DealMachine to help bring great deals to your doorstep. All you have to do is sign up with DealMachine and use the code THEREALFI at signup. Patrick and I are clients of DealMachine and have made a lot of money using their services. We hope you do too!
Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to [email protected] and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!
You can connect with you hosts on instagram:
James on Instagram: @James_Rippeon
Patrick on Instagram: @RentalPropertyCouple
Watch on Youtube.
Sign up for our newsletter to stay informed.
Let's kick the 9 to 5!
Previous Episode
Building Wealth with High-End DC Rentals w/ Russell Brazil
In this episode, we spoke with DC real estate investor and sales expert Russell Brazil about his journey to financial independence. With over 14 years of experience in real estate investing, Russell owns 10-20 units at any given time in the DC area, primarily focusing on high-end rowhouses. While digging into Russell’s investment strategy, he shared his favorite strategy of adding a bedroom to increase profits in neighborhoods with high Section 8 rents. Russell also discussed his goals of achieving a net worth of $7-8M and using a mix of stocks and real estate to generate $300k per year in income to live off of. As advice for the novice investor, Russell emphasized the importance of treating real estate investing like a business and finding the right agent to work with. Overall, this episode offers valuable insights into real estate investing and financial independence, with Russell's extensive experience and knowledge serving as an excellent resource for listeners.
You can connect with our guest on Instagram @russelltbrazil.
Are you interested in finding great off-market investment opportunities? We’ve partnered with DealMachine to help bring great deals to your doorstep. All you have to do is sign up with DealMachine using this link and follow the steps to secure your next deal. Patrick and I are clients of DealMachine and have made a lot of money using their services. We hope you do too!
Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to [email protected] and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!
You can connect with you hosts on instagram:
James on Instagram: @James_Rippeon
Patrick on Instagram: @RentalPropertyCouple
Watch on Youtube.
Sign up for our newsletter to stay informed.
Let's kick the 9 to 5!
Decide. Commit. Take Action!
Next Episode
Netting $100k/month with a Millionaire Mindset w/ Josh Galindo
In this episode, our guest, Josh Galindo, owner of Galindo Group Real Estate, shares his journey in the real estate industry. Josh started in 2005 by flipping properties and eventually built a brokerage around this business. Galindo's strategy involves taking real estate to its highest and best use, rather than just learning to sell it. Josh has built up a ton of volume with his business and on average has flipped and sold between 30-120 homes per year. Having learned some hard lessons over many years of practice, Josh’s precision flipping strategy enables him to flip in any market. Josh also talks about building a portfolio of 79 doors and growing a luxury brokerage of 97 agents. Josh is a testament to the power of focus, mindset, and living with an abundance mentality.
You can connect with our guest on Instagram, Twitter, and TikTok @IAMJOSHGALINDO. You can also catch Josh on his own podcast, Fuck Average, Be Legendary, the Josh Galindo Podcast.
Are you interested in finding great off-market investment opportunities? We’ve partnered with DealMachine to help bring great deals to your doorstep. All you have to do is sign up with DealMachine and use the code THEREALFI at signup. Patrick and I are clients of DealMachine and have made a lot of money using their services. We hope you do too!
Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to [email protected] and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!
You can connect with you hosts on instagram:
James on Instagram: @James_Rippeon
Patrick on Instagram: @RentalPropertyCouple
Watch on Youtube.
Sign up for our newsletter to stay informed.
Let's kick the 9 to 5!
Decide. Commit. Take Action!
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