GH: Free Houses: How to Build a $1 Million Real Estate Portfolio on the Side
Austin Miller built a $1.2 million real estate portfolio at 31 years old -- for free. He's a side hustling real estate investor specializing in "creative" financing deals -- houses he can buy without using his own money. Austin is the author of Free Houses: How To Build Your Real Estate Investment Portfolio With No Money. His basic strategy is this: Find a killer deal on a house that needs some work. Buy it with the creative financing methods Austin talks about in this episode. Either do the work yourself or hire contractors. Put a paying tenant in the newly rehabbed home. Refinance the home with a traditional bank loan and pay back the original funding source. The end game is positive monthly cash flow from rental income, plus building a long-term wealth through tenants paying off the mortgage. Austin has developed some unique and interesting ways to hard money and private money to fund his property purchases. The best part – it’s truly a side hustle that can be done in a few...
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