May 27, 2020
Stories like this are why I believe so strongly in rental property investing as one of the best ways to secure a person's future.
Many people have the goal of doing what Rich Garland has done throughout his career.
While working his day job for the past 3 decades Rich took his extra money and invested it in one rental property at a time.
This gave him the ability to retire from his waste disposal job long ago, but since he enjoyed working, he stayed on and kept building his portfolio.
He now owns around 25 rental properties free and clear and, not only has he created enough income to provide freedom and security for the rest of his life, but enough to change his family's future as well!
In this episode, Rich shared a lot of interesting and helpful insights and anecdotes—from how he financed the properties he bought (or didn't finance them), down to the adjustments he wants to make to adapt to the current situation, you’ll hear it all here.
What I love about this interview is that Rich is not a guru, who is selling a get rich quick scheme. He is a regular guy who has a proven track record to show what hard work and smart choices can turn into.
If you’re looking for unconventional wisdom from a hardworking man who knows how to make his dreams happen, this episode is for you!
Key Takeaways
His background and how he got into real estate
Pace he’s buying properties at and what his goal was
Typical deal
What his rental properties require in terms of time
How he selects his tenants
First thing he looks for when selecting tenants
What an ideal deal is for him now
Point where he felt secure about his rental property investments
His thoughts on the current economic situation and any adjustments he intends to make
How he plans to take care of his tenants
Best and worst deal he’s done
One piece of advice he wished he was given when he first started
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1