How to Build a Rental Portfolio That Nets You $100,000 (Part 1 of 2) | Episode 37
May 13, 2024Want the insider secrets to grow to build a rental portfolio that nets six figures annually? In this part one of two episode, we chat with special guest Jill Wooten, a successful real estate professional who transitioned from new home sales to the resale market and developed a significant rental property portfolio. Jill shares insights from her 11-year career, focusing on her journey of owning 11 high-end rental properties in a gentrified area of Baltimore City, and managing four additional properties.
Episode highlights:
-The importance of building a rental portfolio as a means of generating long-term wealth
-The critical aspects of mindset, discipline, financial planning, and strategic investment
-The initial hurdles of starting in real estate and the strategy of house hacking
-The importance of savings and investment discipline.
We also chat about Jill's approach to financing and scaling her portfolio, the emphasis on cash flow over appreciation, and balancing property management with personal life.
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