148: 7 Houses at 27: Building a Real Estate Empire on the Side
The Side Hustle Show
Nick Loper
4.7 • 1.6K Ratings
🗓️ 10 December 2015
⏱️ 32 minutes
🧾️ Download transcript
Summary
Elizabeth Colegrove and her husband are budding real estate moguls. So far they've acquired 7 houses, and neither of them are 30 years old yet. Between their 7 properties, they're earning around $1800 in cash flow every month, and their tenants are paying off $1650 in loan principal. But real estate side hustles are not without risks and Elizabeth joked that I just have easily could have called the episode 27 and $1.1 million in debt.
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| 0:00.0 | Side Hustle Show 148, 7 Houses at 27, Building a Real Estate Empire on the side. |
| 0:05.6 | Welcome to the Side Hustle Show, where aspiring part-time entrepreneurs learn how to turn their |
| 0:11.9 | side hustle dreams into reality |
| 0:14.5 | because your 9 to 5 may make you a living but your 5 to 9 makes you alive. |
| 0:19.6 | And now your host Nick Loper. |
| 0:23.0 | What's happening, Nick Loper here? |
| 0:27.0 | Welcome to the Side Hustle show. |
| 0:30.0 | We're all about ideas, action, and results. |
| 0:33.0 | This is episode 148 of our humble program. |
| 0:35.0 | It's all about cash flow real estate investing on the side. |
| 0:39.6 | I met today's guest briefly, very briefly back at FinCon in September, but it was long enough to figure |
| 0:45.6 | out she was up to something big. I'm excited to introduce Elizabeth Colgrove to the program. |
| 0:51.2 | She blogs at Reluctant Landlord. net, but I think you'll get the sense |
| 0:55.1 | from this conversation that her investment strategies are anything but reluctant. They're very |
| 0:59.6 | much intentional. So stick around to hear the three pillars of real estate investing, |
| 1:04.1 | Elizabeth's house-buying criteria, how she reduces her liability on those properties, |
| 1:09.2 | and ultimately how she plans to retire at the ripe old age of 42 on the back of her growing |
| 1:16.3 | cash flow empire. |
| 1:18.4 | Notes and links and a free downloadable PDF with all of Elizabeth's top tips from this episode are at |
| 1:23.6 | Sighthustal Nation.com slash houses. Let's do this. |
| 1:28.0 | So my husband and I got married at 22 run out of the college. My husband was an ensign in the Navy and we are down in Texas and I quickly |
| 1:35.8 | realized that with my background finance accounting it was going to be hard to do the traditional |
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