Most people dream of getting out of the “rat race,” quitting their day job, and living on passive income sources. However, usually that’s just wishful thinking. But today, we’re excited to introduce you to a real estate investor who did just that using rental properties, and he explains just how he did it. You’ll learn how our guest, Mark Walker, used single family houses at first to begin building his portfolio, and how his passive income really took off when he switched to multifamily. And you’ll love the in-depth discussion on exactly how he acquired his 64-unit apartment building!

In This Episode We Cover:

How Mark got started with a duplex that yielded a 36.5% cash on cash return
Tips for shifting from developments to rentals
Why he doesn’t want anything to do with property management
Why it’s a matter of finding the right financing
The basics to know about amortization and cash and cash return
How to partner with the right people along the way
How he finances his deals
How he structures his partnerships
The difference between conventional and commercial loans
How he ended up partnering on a deal with a property manager
How he knew that it was the right time to quit his job
Tips on job shadowing someone with great experience
Details on his 64-unit deal
What you should know about syndication
How much time he is spending on his business
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Best Real Estate Investing Advice Ever by Joe Fairless

Tweetable Topics:

Connect with Mark

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202: Escaping the Rat Race Through Rental Properties with Mark Walker 01:04:50

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202: Escaping the Rat Race Through Rental Properties with Mark Walker