How She Made $600K By House Hacking With Athena Brownson (Ep 499)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.9 • 805 Ratings

🗓️ 10 December 2024

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Athena's mentor shared a straightforward strategy for building wealth.

His advice was to buy a house and rent out rooms. After two years, buy a new property while keeping the old property, and do it again.

Athena wasn't earning much money when she bought her first property, but she followed his advice.

Ten years later, she has bought several properties and gained over $600,000 in equity.

On this episode, Athena walks us through her journey and shares how she built her portfolio with small down payments and letting her investments appreciate over time.

https://rentalincomepodcast.com/episode499

Transcript

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0:00.0	inspiring interviews with today's top landlords this is the rental income podcast and now dan lane
0:09.7	Athena you've made a lot of money with a pretty low risk strategy of house hacking what do you think
0:16.1	the biggest thing is that you've learned since you've been investing in real estate?
0:27.8	Well, Dan, you know, I never thought that I could sit here and say that you really do not need to have a huge portfolio to actually make a huge amount of money off of real estate.
0:34.2	I myself have learned that investing in the right markets at the, in the right
0:41.3	places, I've made over $600,000 off of just a handful of properties. So it's possible for you
0:48.5	too. On the podcast today, Athena is going to walk us through how she's made a fortune with a very simple strategy
0:55.6	of just buying a house to live in, renting out rooms, and after a couple of years, buying
1:01.7	another house and doing it again. Joining us on the podcast today from Denver is Athena Brownson.
1:08.8	We'll take a quick break to thank our sponsors. We'll come right back
1:12.1	and we'll talk to Athena. It's a lot of work to find a really good rental property. And when
1:16.7	you actually find that property, you want to make sure you're working with a lender that can
1:20.6	get that loan closed. The lender that I recommend is Chaley Ridge from Ridge Lending Group.
1:27.0	She's a nationwide lender and her specialty is helping
1:30.2	investors finance rental properties. She has a ton of loan programs and she can find something
1:35.6	customized to you for your situation. If you want to find out more or you're ready to get started
1:41.1	today, just go to Ridgelendinggroup.com.
1:47.9	That's R-I-D-G-E lending group.com.
1:50.1	NMLS 42056.
1:55.3	Investing in rental properties can be complicated, but it doesn't have to be. My friends at Mid-South Homebuyers sell completely rehab turnkey properties in both Memphis and Little Rock,
2:03.0	and they've been doing it for 23 years. All their properties come totally rehab. They put on a new
2:09.1	roof, new kitchen, new bath, new plumbing, new electric. Everything is brand new. They also have a tenant
	...

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