Apr 15, 2020
Building a Portfolio of 300 Rentals as a Husband and Wife Team in Just a Few Years
For many real estate investors, there is one foolproof way to build wealth and cash flow—through rental properties. Today’s guests are a husband and wife team who have built a massive portfolio of 300 rental properties in just a few short years. Stan and Danae Gendlin are the owners of Gendlin Homes, LLC, one of Greenville’s largest distressed home buyer.
In this episode, you’ll discover many of the key factors that have contributed to their success. From the twist they gave to the BRRR strategy, what they look for in a good manager, and even the pros and cons of being spouses and working together, they shared it all here so don’t miss it!
Key Takeaways
- How they went about their first flip and how much they made from it
- What made them decide to get into real estate
- How they ended up focusing on rental properties
- What they don’t like about flipping
- What the BRRR strategy is all about
- An example of a deal they did using their own unique twist on the BRRR strategy
- What their portfolio looks like now in terms of number and type of properties
- Who manages their properties
- What they look for in a good manager
- The pros and cons of working as a husband and wife team
- Challenges they’ve encountered working together
- How they transitioned into doing mobile home parks
- The difference between mobile homes and single families
- Two types of mobile home parks
- What the magic number is for them when it comes to deals and cashflow
- How they get their leads
- What their goal for 2020 is
Links:
Living Off Rentals YouTube Channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?view_as=subscriber
Gendlin Homes -https://www.facebook.com/GendlinHomesLLC/
Home Depot - https://www.homedepot.com
BRRR Strategy - https://www.biggerpockets.com/blog/brrrr-buyrehabrentrefinancerepeatprimer