Jun 10, 2022
In this episode, we'll give you another inspiring story of success as we invited a former mailman George Gipson who was able to retire early by investing in rental properties. Get ready to learn something valuable today as we discuss the significance of knowing your markets and neighborhoods in determining rents and potential income from rental properties, taking action, and continuous education. Pay attention so you won't miss this great topic!
Key Takeaways from this episode
- Disadvantages of rental properties in rough and low-income neighborhoods
- Short-term vs. long-term rentals: Cash flow and rent collection
- The importance of taking your vision and acquired knowledge into reality
- Biggest challenge and lesson from buying cheap rental properties
- Compounding effect: Positive outcomes of taking action in real estate
References/Links Mentioned
Rich Dad's CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom by Robert Kiyosaki
About George Gipson
George was a mailman for 5 yrs and started buying homes on his mail route. After moving to Florida, he noticed his family having various businesses and rental properties. They had time freedom; while working for the post office, he listened to the Bigger Pockets podcast every day while on his working route. He sold his first house when it was increased in value and used the money to purchase a duplex. He has extended his portfolio to eight doors in two years, eventually, he was able to quit his job and do real estate full time.
Connect with George
- Instagram: @georgedorealestate
- YouTube: George Do Real Estate
- Podcast: The New American Dream
Neil J. Timmins is on a mission to make a deep personal impact in the lives of his team members and business partners through his work as a real estate investor and mentor.
He started as a traditional real estate agent where his team was recognized by the Wall Street Journal as a Top 100 team. Eventually, he made the transition from Realtor to full time investor.
Over the course of his career, Neil has been involved in over $300,000,000 in real estate transactions. Neil’s portfolio depth includes assets ranging from houses to industrial properties. Recently, Neil and his team launched the Legacy Impact Partner Program where they partner with fix and flip investors from around the country. Neil’s team brings capital to fund and fix rehabs, operational expertise, and years of experience catapulting their partner’s business to new heights. Want to partner? You can learn more and book a call with Neil at www.LegacyImpactPartners.com.
Connect with Neil
- Website: Real Grit
- LinkedIn: Neil J. Timmins
- Facebook: Neil Timmins