The "Little Old Lady House" Strategy That Builds $100k Equity Every Time She Buys A Rental With Gloria Gear (Ep 589)
About this episode
Gloria Gear discusses her strategy of buying and renovating older properties to build significant equity in rental real estate.
Gloria Gear likes buying what she calls “little old lady houses”: older, outdated properties that many buyers overlook. She makes inexpensive upgrades that look great without breaking the bank, while also replacing major systems to avoid being nickel and dimed by repairs after a tenant moves in. By buying and improving these properties, Gloria creates approximately $100,000 in equity with each purchase. On this episode, Gloria shares the different financing strategies she has used to buy rentals, the upgrades that deliver the biggest impact for the money, and how she decides where to save and where to spend. She also explains her slow and easy approach to building wealth: buy a rental, fix it up, rent it out, and hold it for the long term. We also discuss her long term goal for her portfolio and why she believes successful rental investing requires constantly learning. https://rentalincomepodcast.com/episode589 Thanks To Our Sponsors: Ridge Lending Group - Ask about the All-In-One loan. A first-position HELOC on rentals. MidSouth HomeBuyer s – Turnkey Rentals In Memphis, Little Rock, and Dallas. Instant Cash Flow On Day One. PadSplit - Earn 2.5X more rental income with PadSplit's…
Sponsors
Ridge Lending Group, MidSouth HomeBuyer s, PadSplit
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