Building Serious Wealth with JUST 3 Rental Properties (Less Is More!) | Bigger Pockets Video

Episode #581

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Think you need a dozen rental properties to create generational wealth or retire with real estate? Today’s guest is proof that less is often more, especially if you’re not in a rush to scale your portfolio and aren’t afraid to get your hands dirty. Want his personal playbook? Then don’t go anywhere!

Welcome back to the “Real Estate Rookie” podcast! Matthew Morneault didn’t consider himself a real estate investor when he bought his first property, a former meth house plagued with all kinds of issues. But learning how to renovate on the fly, renting the property out, and eventually selling it for a profit gave him the knowledge and confidence to go out and find his next investment. Today, he has three profitable properties—including one that brings in over $90,000 in annual revenue!

As you’re about to hear, Matthew has targeted value-add opportunities with bigger margins, refinanced his mortgage at the right time, and pivoted to other investing strategies when things haven’t worked out. In this episode, he’ll show you how to build a modest portfolio that catapults you toward your investing goals!

00:00 Intro
00:36 “Accidental” Investor at 21
05:06 Finding the Next Property
07:24 Matthew’s Current Portfolio
10:29 Buying the Maine Cabins
15:25 Short-Term Rental Mistakes
18:45 HUGE Investing Wins
21:24 Pivoting to Medium-Term Rentals
29:41 Biggest Lessons Learned
33:51 Connect with Matthew!