839: From $10/Hour Janitor to Making $40K/Year in PASSIVE Income w/Darius Kellar

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 2 November 2023

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Darius Kellar went from making ten dollars an hour as a janitor to a real estate investor with over $1,000,000 in rental properties in less than a decade. By taking advantage of property auctions and investing in areas that most real estate investors wouldn’t even consider, Darius has built a real estate portfolio that will soon bring in six figures in rent every year, most of which he’ll get to keep. How he did it was a lot simpler than you’d expect. Before real estate, Darius had $100,000 in student debt, was making a close-to-unlivable wage, and knew he needed a way out. He bought his first home six years after the Great Financial Crisis in an economically devastated city. Darius couldn’t get a mortgage and needed to save up to get out of the two-bedroom house he was sharing with six other people. Once he closed on his first house, he knew he had to repeat the system. But this wasn’t easy. Darius has seen everything from sewer problems to stripped copper piping and wiring, no electric hookups, and renovation headaches, but he never stopped. Now, he makes as much passive income per year as many people’s full-time jobs and can show you how to do the same so you can make more money than you ever dreamed possible. In This Episode We Cover How to buy properties at auctions for THOUSANDS of dollars each (seriously) The one thing you MUST do before you buy any property (getting this wrong could cost you thousands) DIY rehabs and how to outsource your home renovations so you can focus on investing How to use BRRRR (buy, rehab, rent, refinance, repeat) to build your real estate portfolio faster Why Darius’ overlooked area could be a cash flow goldmine for investors Turning your real estate skills into a business to make even more money And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-839 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 Show, 839.
0:04.0	What's going on everyone is David Green, your host of the Bigger Pockets Real Estate
0:08.0	Podcast, the biggest, the best, the baddest real estate podcast on the planet every week
0:12.2	bringing you the stories, how-tos, and the answers that you need in order to make smart
0:15.8	real estate decisions now in this current market.
0:19.7	And boy, do we have a show for you, Rob, what are some of the things that people should
0:24.3	keep an eye out for in today's show to help them on their investing journey?
0:28.5	Various is a very relatable, very inspiring fellow.
0:31.4	He comes from humble beginnings and I think a lot of people will just be a little relieved
0:38.1	to know that he was able to achieve so much by taking baby steps and scaling accordingly.
0:44.5	He doesn't have a crazy story where he had trust fund parents or he didn't raise money.
0:48.4	I mean, he was funding all this while he was working an hourly job.
0:53.1	So I think for everyone at home, just understand it is a marathon, not a race, and so for
0:59.7	Darius, he took steps, you know?
1:02.6	100% 100%.
1:03.6	I mean, not only did he take steps, but he actually did the work.
1:07.2	Darius was able to do this in a market that most people would have said don't invest in
1:10.8	at a time when everybody was saying don't invest.
1:13.5	Basically, he had a lot of resistance and people going against him, which is the same thing
1:17.3	that happens when you lift a weight and it builds strength.
1:20.2	This will all make sense later as you get into the day's show.
1:22.8	But before we bring in the amazing Darius to share his story, today's quick tip is simple.
	...

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