60 min listen
393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman
393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman
ratings:
Length:
79 minutes
Released:
Jul 30, 2020
Format:
Podcast episode
Description
Real estate investing... old school!Rick Jarman (@realestateoldschool on Instagram) joins us today to share some of his hard-won wisdom from 44+ years as a flipper and landlord in Tuscaloosa, Alabama. And it's quite the journey, from cabinet maker and campus maintenance man to cigar-puffing 64-year-old social media influencer!In this episode you'll hear tales of up markets, down markets, losing it all, getting it all back... and a tornado that wiped out 20 of Rick's 100+ rental houses. He also takes us through his rules for tenant screening, explains why he favors 15-year mortgages, and paints a picture of what it's like to self-manage such a large portfolio of single family homes (with a team, of course).Give Rick a follow, and if you know someone who'd make a great guest on the BiggerPockets Real Estate Podcast send them over to biggerpockets.com/guest where they can apply to appear on the show.In This Episode We Cover:How Rick went from maintenance guy to owning 100+ propertiesSelling his truck to buy his first rental in 1981Investing lessons learned through 4 recessionsWhy his rentals saved him when his home building business failed in the late 90sLosing 20+ houses in a tornado in 2011Rick's tenant screening processWhy tenants' credit scores don't tell the whole storyWrapping 40+ houses into one loanWhy some investors "get bored with what works"And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus)BiggerPockets WebinarsCredit Score and FICO QuickbooksFacebook MarketplaceBiggerPockets BookstoreBiggerPockets Shirts and MugsMBA562 Guest Teacher: Brandon Turner- How to (Finally) Write a Wicked-Awesome Book in 100 Days or Less Check the full show notes here: http://biggerpockets.com/show393See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jul 30, 2020
Format:
Podcast episode
Titles in the series (100)
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