Side Hustle Show, 292, free houses, how to build a million dollar real estate portfolio on the side, even if you're broke.

What's up, what's up, Nick Loper here, welcome to the Side Hustle show because money only follows value.

Now people have been side hustling in real estate for centuries. It can be a great way to generate passive or at least

semi-passive cash flow to build wealth and to take advantage of some friendly tax

codes. The drawback is it's not cheap. For a lot of people a house is the most expensive purchase they're ever going to make.

Now at the risk of sounding like a late night infomercial, what if there was a way to get

started in real estate investing without putting your limited funds at risk.

Could you use other people's money?

That's why I invited Austin Miller to join me on the show this week.

Austin got his start in real estate at 23 years old as a side hustle and over the last eight years has

accumulated a property portfolio worth 1.2 million dollars and more importantly is

cash flow positive more than 3,000 a month.

But the kicker is that all of these properties,

we're talking about more than a dozen homes,

were free, meaning he didn't have to come up with the traditional 20% down payment to buy them.

Austin's the author of free houses, how to build your real estate investment portfolio with no money.

And he'll be the first to tell you, look, there's no free lunch, but he's consistently

been able to make these deals work without a giant stockpile of his own cash. That's what we're diving into in this episode, the exact strategies

Austin's used to build this empire and how you may be able to borrow those same

strategies to do the same. His basic strategy is this. Find a killer deal, usually on a house that needs a lot of work, buy it with

creative financing or other people's money. Those are the strategies that we're going to get into in the call.

Do the rehab work or more often hire somebody else to do the rehab work, put a tenant in place, and then refinance with traditional bank financing to pay back the original funding source and to lock in a low interest rate.

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