293: 6 Rental Properties in 15 Months (While Working 3 Jobs!) w/Brandon and Dani Tilson

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 7 June 2023

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

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! In This Episode We Cover Building a rental property portfolio that will allow you to retire in five years (or less) Why you should NOT try to DIY your first rental property renovation What to do when you want to invest but your spouse or partner isn’t interested Cash-out refinances vs. HELOCs and which makes more sense with today’s high-interest rates Property management software and how to run a rental portfolio without pulling your hair out “Alignment meetings” and how to conquer your craziest goals even with a hectic schedule And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Analyze Your Own Deals Using the BiggerPockets Rental Property Calculator Manage Your Property with RentRedi Hear Our Interview with Husband and Wife Investing Duo Devana and Reid How to Easily Analyze Rental Properties Connect with Brandon & Dani: Brandon & Dani's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-293 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real State Rookie episode 293.
0:05.5	We thought we were handymen and women and we're going to go in there and do all the work ourselves
0:10.0	and we're going to put a new flooring and new cabinets and I realized growing up with a single mom
0:15.0	I was not necessarily taught those skills.
0:18.0	We had all these false hopes and ideas in the mic.
0:21.0	You know what, this isn't worth it. I do not have the skills to do this
0:24.0	but I do have the skills to continue building my team and put people in place
0:28.0	who can do this for me.
0:30.0	My name is Ashley Care and I'm here with my co-host Tony Robinson.
0:33.0	And welcome to the Real State Rookie podcast where every week, twice a week,
0:37.0	we give you the inspiration, motivation and stories you need to hear to kick start your investing journey.
0:41.0	And as always, you know, I'm really excited for this episode because we got a husband and wife duo
0:47.0	and it's been a while since we had the whole husband and wife dynamic.
0:50.0	I think our last one was with Devana and Reed where they talked about sober living
0:55.0	and I know that episode did phenomenally well.
0:57.0	And today we've got Brandon and Danny and I felt like this episode will do just as good as Devana and Reed did.
1:03.0	Yeah, there's a common theme that we start to notice by the end of the episode is that at night,
1:08.0	they're not spending their time bingeing Netflix.
1:11.0	So we're going to sleep or going out drinking.
1:14.0	They put their kids together and they are having discussions.
1:18.0	They are talking about their business and they are exceptional communicators.
1:23.0	It appears from this episode at least.
	...

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