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BiggerPockets Real Estate Podcast

748: From $5/Hour to Five-Figure Rent Checks Thanks to "Guaranteed" Rent

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 4 April 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

A preschool teacher turned rental property millionaire!? You wouldn’t believe it at first. How could someone like Anne Curry go from making five dollars per hour to bringing in five figures’ worth of rent checks every month? While it didn’t happen overnight, Anne’s story is one that’s repeatable by almost everyone, no matter where you’re starting financially, how much education you have, or your background. Anne was never destined to be rich. She grew up in a household of non-profit workers, teachers, and those that expected to give more than they got. So when Anne married her husband, a social worker, she knew their chance of owning a home, let alone several, was slim to none. But, her fire for financial freedom and generational wealth never stopped burning, and as soon as she could purchase her first property, she made the jump that changed the course of her life. Now, as an affordable housing landlord with hundreds of units, Anne is on a mission to not only build wealth but help others follow her same path. She went from having very little money to an astonishingly large real estate portfolio simply by asking questions, offering help, and having a tenacious attitude to build up others, not just her bank account. She explains how ANY landlord can get into affordable housing, the massive benefits that this type of investing offers, and the common myths most people get wrong about section 8 and guaranteed rent. In This Episode We Cover: Affordable housing myths and why most landlords are wrong about section 8 tenants How to find affordable housing deals and the HUGE grants local governments offer Scaling into multifamily and how to connect with those that have affordable housing deals Finding a mentor, asking questions, and why you MUST be willing to learn before you invest The new BRRRR method that’ll let you level up your wealth while owning your home Types of affordable housing and who to talk to if you want to convert your rental to section 8 housing And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Killer Cash Flow with This “Tenant-First” Section 8 Rental Strategy Why I’m Investing in Affordable Housing for the Long Haul The Pros and Cons of Accepting Section 8 Housing What is the BRRRR Method? Connect with Anne: Anne's Instagram Anne's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-748 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 the bigger pockets podcast.

0:02.3

I went from making $5 an hour as a preschool teacher

0:05.3

and cleaning houses after school to owning over 300 units.

0:08.9

Go on everyone.

0:09.7

This is David Green.

0:10.5

You are host of the bigger pockets real estate podcast.

0:13.1

The biggest, the best, the baddest podcast in the world.

0:16.4

Join today with my amazing sidekick,

0:19.2

also known as co-host Rob Abasolo.

0:22.3

And I call him that, but really you are the wind beneath my wings.

0:25.7

And as you guys will hear in today's show,

0:27.7

Rob exists not only in the show,

0:29.2

but also in your hearts.

0:31.0

Make sure you listen all the way to the end

0:32.8

because you're not going to want to miss that one.

0:34.5

Today's show is awesome.

0:35.5

And Rob, I'm going to let you tell people

0:37.0

why it's awesome because I usually do that.

0:39.1

Yeah, well, first of all, I appreciate it.

0:41.2

I really consider myself more the titular co-host,

0:44.3

something we've talked about in the past.

0:45.6

And just a little preview for everybody at home,

...

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