About this episode
Building a Portfolio of 300 Rentals as a Husband and Wife Team in Just a Few Years
For many real estate investors, there is one foolproof way to build wealth and cash flow—through rental properties. Today’s guests are a husband and wife team who have built a massive portfolio of 300 rental properties in just a few short years. Stan and Danae Gendlin are the owners of Gendlin Homes, LLC, one of Greenville’s largest distressed home buyer.
In this episode, you’ll discover many of the key factors that have contributed to their success. From the twist they gave to the BRRR strategy, what they look for in a good manager, and even the pros and cons of being spouses and working together, they shared it all here so don’t miss it!
- How they went about their first flip and how much they made from it
What made them decide to get into real estate
How they ended up focusing on rental properties
What they don’t like about flipping
What the BRRR strategy is all about
An example of a deal they did using their own unique twist on the BRRR strategy
What their portfolio looks like now in terms of number and type of properties
Who manages their properties
What they look for in a good manager
The pros and cons of working as a husband and wife team
Challenges they’ve encountered working together
How they transitioned into doing mobile home parks
The difference between mobile homes and single families
Two types of mobile home parks
What the magic number is for them when it comes to deals and cashflow
How they get their leads
What their goal for 2020 is
Links:
Living Off Rentals YouTube Channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?view_as=subscriber
Gendlin Homes -https://www.facebook.com/GendlinHomesLLC/
Home Depot - https://www.homedepot.com
BRRR Strategy - https://www.biggerpockets.com/blog/brrrr-buyrehabrentrefinancerepeatprimer