How He Quit His Job With Only 5 Rentals With Mike Brumm (Ep 99)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 14 March 2017
⏱️ 21 minutes
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now |
| 0:08.5 | dan lay mike brum from milwaukee is joining us on the podcast today mike has a really incredible |
| 0:15.2 | story he was able to quit his job and focus full time on building out his portfolio with only five properties. |
| 0:23.2 | Now, this sounds absolutely incredible. Five properties doesn't sound like that big of a number. |
| 0:28.6 | It sounds very obtainable. So I want to kind of figure out exactly how he did this. He's agreed to |
| 0:33.6 | share all the numbers and exactly how he did it. So let's take a quick break. We'll come back |
| 0:38.5 | and we'll dive right into the interview. Are you on track to achieve your financial goals? Income |
| 0:42.8 | producing real estate is the most historically proven way to accumulate wealth and has created |
| 0:47.4 | more financial freedom than any other means. Norata real estate provides everything you need to |
| 0:52.5 | invest in the best turnkey cash flow rental |
| 0:54.8 | properties. Our simple proven system will help you create real wealth and passive monthly |
| 0:59.5 | income. Get your free strategy session with our knowledgeable investment counselors at Noratara real |
| 1:04.6 | estate.com. That's N-O-R-A-D-A-R-A-R-A-R-A-Ealstate. Mike has actually been on the podcast |
| 1:10.4 | before he was on episode 50 talking about how he has 16 properties that are A-D-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-R-A-D-L-P-P-E the portfolio. So tell me that very first property. Was that a duplex or a threeplex? |
| 1:30.9 | A duplex that I turned into a threeplex. Okay. Okay. Now, did the property need a lot of work? |
| 1:39.4 | It, it, it didn't need a lot of work, but I decided to gut the whole thing and make a lot of work for myself. |
| 1:48.8 | My real estate agent was very surprised because I wasn't really looking for a house that I was going to gut. |
| 1:56.3 | But there was some problems, and I just kind of decided that I'm going to |
| 2:01.7 | get it and make it, make it really nice. |
| 2:04.0 | Okay. |
| 2:04.4 | And that's what I decided to do. |
| 2:05.7 | How much did you pay for that property? |
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