Don’t buy in good school districts. Always end your leases in winter. NEVER raise rents on a tenant.
These are just some of the “Dionisms” that have made Dion McNeeley, the so-called “lazy investor,” rich with rental properties. He achieved financial freedom, retiring early with a $200,000/year passive income after slowly, steadily, and lazily investing for the past decade.
Want to never swing a hammer? You don’t have to! Want tenants to stick around as long as possible? They will! Too scared to have the rent raise talk? Let Dion do it for you! In this episode, we’re breaking down the ten different “Dionisms” (unconventional landlord advice) that have literally made Dion millions and can do the same for you.
Dion went from debt-riddled to multi-millionaire in just over a decade, starting his journey making just $17/hour, with three kids and very little time. If Dion can reach financial freedom with FEWER rentals, why can’t you?
In This Episode We Cover:
Dion’s small (but mighty) financial freedom-enabling real estate portfolio
Dion’s “binder strategy” that has tenants raise rents FOR you
Why Dion never has his leases expire in the summer (even though EVERYONE says to do this)
Buying in average school districts? Dion says DON’T buy near good schools (and he’s right)
The surprising reason why the “worst states to invest in” will make you the richest
And So Much More!
Links from the Show
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Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust
Retire with FEWER Rentals with “The Small and Mighty Real Estate Investor”
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Investor Spotlight: From USMC to FIRE With Just 5 Properties Featuring Dion McNeeley
Connect with Dion
Connect with Dave
(00:00) Intro
(01:42) Low Income, High Debt, Lots of Responsibility
(05:33) $21,000/Month Portfolio!
(08:20) Have FEWER Rentals
(11:51) 1. DON'T Raise Rents
(18:18) 2. End Leases in the Winter
(21:05) 3. DON’T Buy Near Good Schools
(26:45) 4. DON’T Diversify
(29:59) 5. DON’T Use LLCs
(32:29) 6. Buy in BLUE States
(37:30) 7. Value-Add Isn’t Worth It
(40:23) Be Like Dion!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1085
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Making $200K/Year With the Least Amount of Rentals Possible | BiggerPockets Real Estate Podcast - Listen or read transcript on Metacast
