Apr 3, 2023
After spending nine years as a high school football coach and teacher in private Christian schools, Jimmy Stainback leveraged the strategy of "house hacking" to acquire an impressive 18-unit, $5 million real estate portfolio, which now generates six-figure annual passive income.
With a full-time focus on real estate, Jimmy has set his sights on an ambitious goal of acquiring 80 additional units within the next four years while also helping 100 individuals achieve their dream of owning their first rental property. Let's hear his story in today's episode.
Key Takeaways
- Transitioning from football to building a successful real estate business full-time
- Exploring various property management strategies and implementing effective systems
- Jimmy’s path to achieving success through house hacking
- The benefits of utilizing conventional mortgages and creative financing methods for real estate investments.
- Using the services and advantages provided by local credit unions
- Always take a look at cash-on-cash returns
Resources
- Avail.co
- Bigger Pockets
- Mailchimp
- The Millionaire Real Estate Investor by Gary Keller
- Rich Dad Poor Dad by Robert Kiyosaki
- MLS
- Follow Jimmy here
- Send More Offers Program