Episode #522
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Itâs trueâwe regret scaling our real estate portfolios. Weâve learned (the hard way) that less is often more, especially in todayâs market, where great deals arenât as easy to find. Want to make sure your quest for more rentals doesnât derail your investing journey? Weâll share where we went wrong so that YOU donât make the same costly mistakes!
Welcome back to the âReal Estate Rookieâ podcast! Social media would have you believe that a large portfolio is the key to reaching financial freedom, replacing your W2 salary, and retiring early. And while you may need more than one or two rental properties to achieve your biggest investing goals, scaling too quickly can have the opposite effectâkilling your cash flow and leaving you with more headaches than you bargained for!
In this episode, youâll hear how putting all his eggs in one basket caused Tony to lose over $200,000 on ONE deal and how growing too fast caused Ashley to miss out on one of the BEST years to invest in real estate. Stay tuned to learn what we would have done differently if we could wind back the clock!
00:00 Intro
00:53 Scaling Too Fast
09:24 Our Biggest Regrets
15:16 Building Out SOPs
22:00 HUGE Financial Impact
29:35 Follow Us on Instagram!