Lamon Woods used an ingenious rental property strategy to go from one house to over one hundred rentals in a small market without using almost any cash. This strategy is so brilliant that most real estate investors assume it doesn’t exist or they can’t use it in their rental property portfolio. Lamon luckily stumbled upon this way to invest, and now, he’s growing his real estate portfolio at a pace unfathomable to most landlords.
But Lamon didn’t start as some rental property investing expert. He was making a low income, working a job he had no passion for, and looking for any avenue that could help make him more money. When his wife suggested that they buy the house they were currently renting, Lamon put up a fight but eventually went along with the plan. It wasn’t until he moved out and rented his first home that the real estate investing lightbulb went off.
From there, Lamon realized how quickly passive income could replace his paycheck. So, he made it his goal to buy one house a year. The plan was working, but then Lamon realized he could purchase homes without using his own money. In fact, Lamon could take the properties he already owned and use them to grow his rental property portfolio even faster. Now with over one hundred units to his name, Lamon wants to teach other investors (like you) how to do the same!
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Show notes at:
00:00 Intro
02:31 Quick Tip
03:04 $70K Per MONTH!?
08:48 From Low Paycheck to Landlord
17:09 Properties You SHOULDN'T Buy
22:02 The "Infinite Return" Financing Method
32:55 What Matters in Your Market
40:43 100+ Units with NO Money Down
46:21 Connect with Lamon!
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By: BiggerPockets Title: Low Income to $70K/Month with “Infinite Return” Rental Properties Sourced From: www.youtube.com/watch?v=g6Hgdizw7B8
