43 min
52 Units Without a JV Partner with Kellan James Real Estate Golden Nuggets: Real Estate Investing Simplified
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- Investing
Why check out this episode:
Find out how to build a 52-unit portfolio without relying on joint partners
Learn about an investing strategy that earns a lot more in the long run than what you can generate on a monthly cash flow
Find out essential considerations and mindset shift to take in quitting your job to jump into real estate, so you manage expectations and know what you are running towards
In this episode, Kellan shares how he is able to strike a balance between his personal and professional life while growing his real estate business.
Kellan James reached financial independence through real estate cash flow by the age of 29. He was able to quit the rat race to pursue his passion for real estate investing full time. Kellan hosts the On FIRE Podcast, shares his daily journey on Instagram, and runs local meetup groups like London on FIRE. Kellan started by house-hacking: living in a duplex and renting out the other side in order to live for free. In just over two years, he built a solely-owned, multi-million dollar portfolio consisting of 10 properties with 32 units. Kellan was able to accomplish this while working a full-time job, using the BRRRR investing strategy. Since then, he has added to his portfolio, currently totalling 52 units, all solely owned.
Topics Covered:
01:54 - How he got started in real estate
07:55 - Financing his deals without JV partners
09:34 - How a credit union works for him in refinancing his deals
11:19 - Interest rates with a credit union and where he finds his deals
14:58 - Creating active income and thoughts on borrowing money from private lenders
18:54 - What his lifestyle looks like now and location of his goldmine market
21:19 - From residential to duplexes to apartment buildings -- why the shift to this portfolio
23:20 - Portfolio for someone just starting out in terms of monthly cash flows
24:07 - The extent to which you can self-manage your properties
25:41 - His thoughts when it comes to tenant screening
26:25 - Incorporating versus your personal name
27:19 - Maintaining your focus on where you want to make money
29:02 - What it takes to quit from your full-time job and fully focus on real estate investing
32:32 - His take on the cryptocurrency and the 'shiny syndrome' thing
35:32 - What's a day for him like and plans to scale his portfolio
39:04 - Books he loves and recommends, travel destinations, advice for anyone getting into real estate
Resources:
Bluefishing: The Art of Making Things Happen by Steve Sims
The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
Connect with Kellan James:
Website: https://www.kellanjames.ca/
Instagram: https://www.instagram.com/kellan.james/
YouTube: https://www.youtube.com/c/kellanjames
Connect with Ross Nedaee:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaee
Why check out this episode:
Find out how to build a 52-unit portfolio without relying on joint partners
Learn about an investing strategy that earns a lot more in the long run than what you can generate on a monthly cash flow
Find out essential considerations and mindset shift to take in quitting your job to jump into real estate, so you manage expectations and know what you are running towards
In this episode, Kellan shares how he is able to strike a balance between his personal and professional life while growing his real estate business.
Kellan James reached financial independence through real estate cash flow by the age of 29. He was able to quit the rat race to pursue his passion for real estate investing full time. Kellan hosts the On FIRE Podcast, shares his daily journey on Instagram, and runs local meetup groups like London on FIRE. Kellan started by house-hacking: living in a duplex and renting out the other side in order to live for free. In just over two years, he built a solely-owned, multi-million dollar portfolio consisting of 10 properties with 32 units. Kellan was able to accomplish this while working a full-time job, using the BRRRR investing strategy. Since then, he has added to his portfolio, currently totalling 52 units, all solely owned.
Topics Covered:
01:54 - How he got started in real estate
07:55 - Financing his deals without JV partners
09:34 - How a credit union works for him in refinancing his deals
11:19 - Interest rates with a credit union and where he finds his deals
14:58 - Creating active income and thoughts on borrowing money from private lenders
18:54 - What his lifestyle looks like now and location of his goldmine market
21:19 - From residential to duplexes to apartment buildings -- why the shift to this portfolio
23:20 - Portfolio for someone just starting out in terms of monthly cash flows
24:07 - The extent to which you can self-manage your properties
25:41 - His thoughts when it comes to tenant screening
26:25 - Incorporating versus your personal name
27:19 - Maintaining your focus on where you want to make money
29:02 - What it takes to quit from your full-time job and fully focus on real estate investing
32:32 - His take on the cryptocurrency and the 'shiny syndrome' thing
35:32 - What's a day for him like and plans to scale his portfolio
39:04 - Books he loves and recommends, travel destinations, advice for anyone getting into real estate
Resources:
Bluefishing: The Art of Making Things Happen by Steve Sims
The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
Connect with Kellan James:
Website: https://www.kellanjames.ca/
Instagram: https://www.instagram.com/kellan.james/
YouTube: https://www.youtube.com/c/kellanjames
Connect with Ross Nedaee:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaee
43 min