393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman

<p>Real estate investing... old school!</p><p><strong>Rick Jarman </strong>(@realestateoldschool on Instagram) joins us today to share some of his hard-won wisdom from <strong>44+ years</strong> as a flipper and landlord in Tuscaloosa, Alabama. And it's <strong>quite the journey,</strong> from cabinet maker and campus maintenance man to cigar-puffing 64-year-old social media influencer!</p><p>In this episode you'll hear tales of <strong>up markets</strong>, <strong>down markets</strong>, losing it all, getting it all back... and a <strong>tornado</strong> that wiped out 20 of Rick's <strong>100+ rental houses</strong>. He also takes us through his rules for <strong>tenant screening</strong>, explains why he favors<strong> 15-year mortgages</strong>, and paints a picture of what it's like to <strong>self-manage</strong> such a large portfolio of single family homes (with a team, of course).</p><p>Give Rick a follow, and if you know someone who'd make a great guest on the BiggerPockets Real Estate Podcast send them over to <a href="https://airtable.com/tbleGMIyBenEoyboU/viwgoO69lRa3w2JCJ/biggerpockets.com/guest" target="_blank"><strong>biggerpockets.com/guest</strong></a> where they can apply to appear on the show.</p><p>In This Episode We Cover:</p><ul><li>How Rick went from maintenance guy to <strong>owning 100+ properties</strong></li><li><strong>Selling his truck</strong> to buy his first rental in 1981</li><li>Investing lessons learned through <strong>4 recessions</strong></li><li>Why his rentals saved him when his home building business <strong>failed</strong> in the late 90s</li><li>Losing 20+ houses in a <strong>tornado</strong> in 2011</li><li>Rick's<strong> tenant screening process</strong></li><li>Why tenants' <strong>credit scores</strong> don't tell the whole story</li><li>Wrapping 40+ houses into <strong>one loan</strong></li><li>Why some investors "<strong>get bored with what works</strong>"</li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="http:/