Step-by-Step: How He Went From Zero To 10 Rentals (And Where He Got The Money) With Derek Harris (Ep 550)
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Episode Description
On this episode, we walk step by step through how Derek Harris built his rental portfolio from the ground up. Derek has been buying rental properties for five years, and today he owns 10 doors.
He takes us through each acquisition, explaining how he found the properties, their condition, and the work he did to fix them up. Derek also breaks down how he financed every deal.
He talks about where he found the money for his down payments, how he structured his loans, and why he started using DSCR loans as he grew.
We also get into the details of his portfolio, including total rent, mortgage payments, operating expenses, and the cash flow he keeps every month.
Thanks To Our Sponsors:
Ridge Lending Group - Making investment Mortgage process simple and stress-free.
MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)
Rental Accounting Software Made Easy. Free 30 Day Trial.
He takes us through each acquisition, explaining how he found the properties, their condition, and the work he did to fix them up. Derek also breaks down how he financed every deal.
He talks about where he found the money for his down payments, how he structured his loans, and why he started using DSCR loans as he grew.
We also get into the details of his portfolio, including total rent, mortgage payments, operating expenses, and the cash flow he keeps every month.
Thanks To Our Sponsors:
Ridge Lending Group - Making investment Mortgage process simple and stress-free.
MidSouth HomeBuyers – Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One. (Priced between $100,000 to low $200's)
Rental Accounting Software Made Easy. Free 30 Day Trial.