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Don’t Get Lost in the Sauce w/ Duane Brown
Manage episode 400111334 series 3486319
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In this episode, we meet Duane Brown, a married father of five and an electrical engineer from Trenton, New Jersey. Duane's real estate journey began in 2019 when he acquired a duplex in New Jersey for $125,000, which generated $2,000 per month in rent and appraised at $300,000. He quickly leveraged his success and completed two more deals within two weeks, followed by a fourth deal just three months later. With a total of 22 units and soon to be 28 units, including duplexes and single-family homes, Duane shares his strategies for finding deals on the MLS and emphasizes the importance of taking action. He also highlights the power of networking and attending meetups to expand his real estate knowledge. As an engineer, Duane overcame analysis paralysis and embraced commercial financing to grow his portfolio. Despite a challenging market, he closed two deals in 2023 and four in 2022. Duane dedicates just two hours a week to self-managing his properties and has achieved remarkable success, grossing $30,000 per month in rents and netting $10,000 per month within three years. His ultimate goal is to achieve financial freedom by reaching $20,000 per month in passive income. Tune in to hear Duane's inspiring story and his practical insights on real estate investing.
You can connect with our guest on Instagram @one_rental_at_a_time_NJ.
Are you interested in finding great off-market investment opportunities? We’ve partnered with DealMachine to help bring great deals to your doorstep. All you have to do is sign up with DealMachine and use the code THEREALFI at signup. Patrick and I are clients of DealMachine and have made a lot of money using their services. We hope you do too!
Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to info@TheRealFI.com and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!
You can connect with you hosts on instagram:
James on Instagram: @James_Rippeon
Patrick on Instagram: @RentalPropertyCouple
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