cover of episode 387: Time Freedom Through 7 Deals in Her First 3 Years With Megan Greathouse

387: Time Freedom Through 7 Deals in Her First 3 Years With Megan Greathouse

Publish Date: 2020/6/18
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BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p>On today's show: the massive impact of just a few flips and a few <strong>small multifamily rental properties.</strong></p><p>Starting in 2017, that combination allowed our guest <strong>Megan Greathouse</strong> to step aside from her W-2 job (her husband still works) and spend much more time with her two young kids... all while dedicating just <strong>5 hours per month</strong> to self-managing her portfolio in <strong>St. Louis</strong>.</p><p>Want to know how she did it? Megan spells it all out in this episode and provides the <strong>exact tools and templates</strong> she uses to maximize her efficiency—enabling her business to serve <em>her </em>and allowing more time for <strong>what really matters</strong>.</p><p>Give Megan a follow, and <strong>share this episode</strong> with a friend, partner, spouse, or family member who you think might enjoy it!</p><p>In This Episode We Cover:</p><ul>
  • Starting out with a fourplex
  • Investing with a full-time job and kids
  • The P.R.O.P. system for property management
  • How Megan and her husband use the "2 in 5 Rule" to avoid capital gains taxes
  • How she uses real estate to create time freedom and hang out more with her kids
  • Flipping an old house near Washington University in St. Louis
  • A BRRRR "fail" (contractor issues) that turned out OK
  • Lessons she learned in the military
  • The key to avoiding analysis paralysis: "Get to 80% and go!"
  • Buying a 60-acre farm outside the city
  • And SO much more!

    • Links from the Show

    Check the full show notes here: http://biggerpockets.com/show387

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