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Millionaires Unveiled

79: Net Worth of 2.2M - 20 Single Family Rentals on a $100K Military Salary

Millionaires Unveiled

Jace Mattinson

Investing, Millionaire, Financialplanning, Business, Self-improvement, Education, Finance

4.8872 Ratings

🗓️ 29 April 2019

⏱️ 41 minutes

🧾️ Download transcript

Summary

Rich, with a current net worth of about $2.2M, is currently living abroad as an officer in the military. He has a portfolio of 20 single family rental homes. He currently makes about $100K a year in passive income from his rentals. Each home is worth about $80K and was often purchased for much less. Rich considers himself part of the FIRE community, specifically fatFIRE. He discusses how he built his real estate portfolio and how he manages them from abroad.

Transcript

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0:00.0

You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and

0:07.6

interviews of everyday millionaires.

0:10.6

We'll unveil their decisions, their strategies, and their current portfolio allocation.

0:17.0

Now to your hosts, Clark Sheffield and Jace Matinson.

0:27.0

Welcome to Millionaires and Vale Podcast with Clark and Jace. This is episode 79.

0:29.0

If you're new to the show or whether you've been listening for a while, we appreciate you tuning in to the podcast.

0:33.9

On this podcast we share the stories and strategies of everyday millionaires and unveil their portfolio

0:38.4

allocations.

0:39.9

Our hope is to bring these stories to you and help all of us learn from how these

0:43.0

millionaires have achieved success. A special thanks to Equity Multiple for

0:47.5

supporting the show. One of the tried and true paths to becoming and

0:50.8

staying a millionaire is establishing passive income streams.

0:54.0

Perhaps the most tried-entry passive income channel for savvy investors is commercial real estate.

0:58.6

Equity multiple protects credited investors with pre-vetted exclusive commercial real estate investments

1:04.1

with investment minimums as low as $10,000.

1:07.9

With equity multiple you can allocate a meaningful portion of your portfolio to professionally

1:11.8

managed commercial real estate and create a stronger more diversified portfolio.

1:17.0

Head to equity multiple dot com forward slash millionaires to learn more.

1:21.4

Again that's Equity Multiple

1:23.0

dot com forward slash millionaires tell them Clark and Jay sent you

1:27.0

if you'd like to invest in our multifamily opportunities please reach out to us

1:31.0

millionaires unveiled at gmail dot com and we'll jump on a call with

...

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