I Bought 11 Rental Units in 3 Years (All with 7% Rates!) | Bigger Pockets Video

Episode #1159

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Think today’s mortgage rates are stopping you from getting rich with rental properties? Think again. Today’s guest built an 11-unit rental portfolio—starting in 2022, with high interest rates—and is cash flowing on each property. In fact, he’s making more cash flow than most investors we know, even with still sky-high rates. How’s he doing it with such little money down? No creative finance, no expert skills—Justin Albrecht is just following a simple, repeatable rental formula.

After moving back in with his mom, Justin was getting the itch to find his own place. The problem? This was 2022, where single-family homes for sale were rife with bidding wars. What about small multifamily properties, like a duplex, triplex, or quadplex? That seemed to be the sweet spot. With zero experience in property management or landlording, Justin took the plunge.

Fast forward three years, Justin now owns four properties totaling 11 rental units, and just quit his W2 job to focus his full-time efforts on his rentals. He did it all without putting a ton of money down and dealing with 7% interest rates on most of his properties. Still, he’s making sizable cash flow, impressive return on equity numbers, and living for free. Today, he’s breaking down his blueprint.

0:00 Intro
1:44 Tired of Living with Mom
3:41 First Deal Details (4-Plex!)
7:00 Rent Numbers and Renovation
11:12 1% Rule in 2023!
15:30 “Turnkey” Rental for 5% Down
21:52 Investing with 7% Rates!
22:40 Another Duplex (& Quitting His W2!)