Apr 21, 2021
Our guest for today’s show is Michael Hughes. He served in the military in El Paso, Texas, and is now at the point where his rental portfolio can now support him, and he is living off rentals.
In this episode, Michael will talk about his real estate investing journey and how he got to his destination successfully. He will share the process of acquiring, financing, and managing his properties. Also, he will share the perks of being a realtor aside from being an investor.
Are you working on transitioning from your 9 to 5 job to becoming a full-time real estate investor and live off rentals? Then this episode has great information to guide you through it.
Key
Takeaways
[02:44]
Michael’s background and how he got into real estate
investing
[04:57] Going through his rental portfolio and living off rentals
[14:29] How he used his VA loan twice in financing his properties
[18:02] What he did next as a realtor after getting his first two properties via VA loan
[22:09] His tips on how to find a real estate investor-friendly realtor
[28:17] The ideal property that he is targeting
[30:26] About the Airbnb property that he bought, the numbers behind it, and occupancy rate
[35:15] His plans for his business
[36:53] About the El Paso market
[39:03] On managing rentals himself and having a property manager and some hacks
[42:28] The best way to reach out to Michael
Links
MLS Website - http://www.mls.com/
Michael Hughes on Facebook - https://www.facebook.com/michaelhugheselpasorealtor
Michael Hughes on LinkedIn - https://www.linkedin.com/in/michael-hughes-a824719b/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Book
Rich Dad, Poor Dad by Robert Kiyosaki -
https://www.goodreads.com/book/show/69571.Rich_Dad_Poor_Dad