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Ep 168 - How a Teacher Built a Real Estate Portfolio Using Leverage - BRRRR
Manage episode 446173848 series 2967182
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In this episode of the State 48 Homeowner podcast, we sit down with Chris Koning, a 35-year-old elementary school teacher and Purple Heart Iraq War veteran, to learn how he built a real estate portfolio of 7 doors—all while working on a teacher's salary. Chris walks us through his journey from buying his first home with an FHA loan to expanding his portfolio using a modified BRRRR (Buy, [very light] Rehab, Rent, Refinance, Repeat) investment strategy.
Whether you're new to real estate or looking for insights into building a portfolio with limited capital, Chris’s story is a testament to what’s possible with discipline and a strategic approach. We also break down the BRRRR method and how Chris adapted it to fit his investing goals without buying distressed properties.
Key Topics Covered:
● Chris Koning’s real estate journey: from one property to a growing portfolio. ● How the BRRRR method can help you scale up even if you start with little money. ● The power of leveraging equity to buy more properties. ● Why real estate is a powerful long-term investment tool for financial growth. ● The challenges and rewards of being a real estate investor on a modest income. ● Tips for building a trusted team of lenders, agents, and property managers to support your real estate growth.
Learn from Chris's Story: Chris’s journey proves that anyone with determination can succeed in real estate investing, regardless of income or background. If you're interested in growing your portfolio, learning how to use the BRRRR method, or simply exploring ways to invest in real estate, this episode is packed with valuable lessons and actionable advice.
About Our Guest: Chris Koning is an elementary school teacher, Iraq War veteran, and real estate investor with properties in California, Arizona, and Oklahoma. Through disciplined investing and strategic leveraging of equity, Chris has built a portfolio of 7 doors, with more on the way.
Listen and Learn: Join us to discover how you can build a real estate portfolio from the ground up, even with limited resources. Subscribe to the State 48 Homeowner podcast for more expert advice and insights into building wealth through real estate.
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