Greg Thompson’s story is proof that your past financial mistakes do not get the final say.
In his 20s, Greg admits he had no idea how to manage money. A string of bad financial decisions eventually left him homeless. Fast forward to today, and Greg owns a portfolio of 37 rental units and has built more than $1 million in equity.
On this episode, Greg walks us through how he completely turned his life around and, more importantly, how he came up with the money to start buying rentals when he had nothing. We break down how house hacking helped him get his first foothold, how refinancing allowed him to create free and clear properties, and how he leveraged that equity to keep growing his portfolio.
We also dig into the role his property manager plays in finding deals, the best deal he ever did, where he created $300,000 in equity on day one, and the worst deal that taught him some painful lessons.
We also get into the real numbers behind Greg’s portfolio so listeners can see exactly how it all works.
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