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

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Manage episode 264742147 series 2478842
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

On today's show: the massive impact of just a few flips and a few small multifamily rental properties.

Starting in 2017, that combination allowed our guest Megan Greathouse 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 5 hours per month to self-managing her portfolio in St. Louis.

Want to know how she did it? Megan spells it all out in this episode and provides the exact tools and templates she uses to maximize her efficiency—enabling her business to serve her and allowing more time for what really matters.

Give Megan a follow, and share this episode with a friend, partner, spouse, or family member who you think might enjoy it!

In This Episode We Cover:

  • 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

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1045 episodes

Artwork
iconShare
 
Manage episode 264742147 series 2478842
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

On today's show: the massive impact of just a few flips and a few small multifamily rental properties.

Starting in 2017, that combination allowed our guest Megan Greathouse 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 5 hours per month to self-managing her portfolio in St. Louis.

Want to know how she did it? Megan spells it all out in this episode and provides the exact tools and templates she uses to maximize her efficiency—enabling her business to serve her and allowing more time for what really matters.

Give Megan a follow, and share this episode with a friend, partner, spouse, or family member who you think might enjoy it!

In This Episode We Cover:

  • 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

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1045 episodes

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