On today's show: the massive impact of just a few flips and a few small multifamily rental properties.
Starting in 2017, that combination allowed our guest Megan Greathouse to step aside from her W-2 job (her husband still works) and spend much more time with her two young kids... all while dedicating just 5 hours per month to self-managing her portfolio in St. Louis.
Want to know how she did it? Megan spells it all out in this episode and provides the exact tools and templates she uses to maximize her efficiency—enabling her business to serve her and allowing more time for what really matters.
Give Megan a follow, and share this episode with a friend, partner, spouse, or family member who you think might enjoy it!
In This Episode We Cover:Starting out with a fourplexInvesting with a full-time job and kidsThe P.R.O.P. system for property managementHow Megan and her husband use the "2 in 5 Rule" to avoid capital gains taxesHow she uses real estate to create time freedom and hang out more with her kidsFlipping an old house near Washington University in St. LouisA BRRRR "fail" (contractor issues) that turned out OKLessons she learned in the militaryThe key to avoiding analysis paralysis: "Get to 80% and go!"Buying a 60-acre farm outside the cityAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastLandlord Advisory PanelBiggerPockets EventsBiggerPockets MagazineBiggerPockets Money PodcastBiggerPockets Guide in Finding AgentsBiggerPockets BooksBiggerPockets WebinarsBiggerPockets Podcast 100: The 1st Deal, Management Drama, and the Birth of BiggerPockets with Joshua DorkinOpen Door Capital LLCRyan's BiggerPockets ProfileTenantCloudQuickBooksBoomerang for GmailSeth Mosley's Music and Money GroupBrandon's InstagramBiggerPockets ShirtScott TrenchCheck the full show notes here: http://biggerpockets.com/show387