He Was Making Just $12/Hour: Now He Owns 7 Rental Properties (10 Units)
About this episode
Nathan Shelby shares his journey from earning $12/hour to owning seven rental properties using innovative investing strategies.
You don’t need a big market, huge salary, or even a college degree to invest in real estate. Today’s guest had a very simple goal when he started: replace his $12/hour construction job. He’s already achieved that, and today, he owns seven rental properties…and counting! Welcome back to the Real Estate Rookie podcast! Nathan Shelby has dabbled in several investing strategies, from mobile home lots to fixer uppers. But he’s recently landed on a strategy that allows him to use the BRRRR method (buy, rehab, rent, refinance, repeat) on new construction homes—just without the renovations. Despite investing in a relatively small town, one of these properties appraises for roughly twice the cost to build it, allowing Nathan to pull 100% of his cash out for the next one! Nathan has found his groove in the last couple of years, but it wasn’t always smooth sailing. In this episode, he shares some of the biggest mistakes he made early on—pitfalls you can easily avoid. Stay tuned to learn about the systems and tools you should implement on day one, how to dial in your tenant screening process, and why new construction is often easier than renovating! In This Episode We Cover How Nathan scaled…
People in this episode
Guest: Nathan Shelby
Topics covered
- real estate investing
- BRRRR method
- new construction
- tenant screening
- scaling rental properties
Keywords
- real estate
- rental properties
- investing strategies
- construction
- property appraisal
- mistakes to avoid
- real estate portfolio
Mentioned in this episode
Organizations: BiggerPockets
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- My Rental Property Has Zero Appreciation: Should I Hold or Sell? (Rookie Reply)
- The Ultimate Guide to Buying Off-Market Properties (As a Complete Beginner)
- How to Pay (Much) Less in Taxes as a Real Estate Investor (Rookie Reply)
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