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Manage episode 288729908 series 2791868
In this episode, Millionacres editor Deidre Woollard interviews Lauren and Kyle Clugston of Rentals to Wealth. This young couple are active real estate investors in New Jersey started with a househack and are slowly building their real estate empire.
Today's guests are Kyle and Lauren Clugston, of Rentals to Wealth are here to share their journey with us and inspire prospective rental property investors to take action. They are really focused and cautious and show that you don't have to be a big risk taker to make money in real estate. Follow their journey at www.rentalstowealth.com.
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1:20 Starting slowly in real estate
4:09 BRRRR Method
6:06 The perfect BRRRR
6:38 Sharing numbers publicly
7:55 Doing your own repairs
9:15 Learning to do repairs
10:15 Finding your first house hack
11:22 Buying a HUD foreclosure
12:10 The anxiety of buying a first house hack
13;35 When to turn over repairs to subcontractors
15:15 Using direct mail to find properties
16:50 Driving for dollars
18:00 How to find property information
19:15 The power of an investing club
22:08 Getting over analysis paralysis
25:45 How to get to the next level
27:35 Using different forms of financing
29:19 Finding private money
31:00 Learning to delegate
34:41 Structuring investments
35:50 Tips for tenant screening
37:45 The value of inspections
41:01 Buying older houses
42:50 Renovating as a couple