448: The Lazy Person’s Guide to Financial Freedom in Less Than 10 Years with Dion Mcneeley

<p>Busy people tend to be...busy, and often,<strong> real estate investing</strong> is one of the things that they “just don’t have time for”. If you feel that way, listen to today’s guest, <strong>Dion Mcneeley </strong>as he describes his own system for <strong>buying real estate the “lazy” way</strong>.&nbsp;</p><p>Dion was a police officer and a truck driving instructor, taking care of his kids as a single parent, and struggling to get ahead. He went from $89,000 in debt to becoming <a href="https://www.biggerpockets.com/blog/12-give-debt-free-year" rel="noopener noreferrer" target="_blank"><strong>debt free</strong></a><strong> and financially free</strong>, thanks to the help of rental properties, in just 10 years.&nbsp;</p><p>After buying his primary home, Dion heard of success in owning rental properties, so he decided to<strong> move out of his house and into an apartment to see if he fit as a landlord</strong>. He rented the house to his friend, who later moved out without notifying him. Dion tried to make landlording work with another tenant, but ended up being<strong> underwater on the house payments</strong>. This is when <strong>he found BiggerPockets and read </strong><a href="http://biggerpockets.com/richdadpoordad" rel="noopener noreferrer" target="_blank"><strong><em>Rich Dad Poor Dad</em></strong></a><em>.&nbsp;</em></p><p>What was Dion’s mistake? He<strong> wasn’t running his rental properties like a business</strong>. After upgrading his processes, he went on to buy and <a href="https://www.biggerpockets.com/blog/6-house-hacking-strategies-you" rel="noopener noreferrer" target="_blank"><strong>house hack</strong></a><strong> a duplex</strong>. Then he bought another duplex as an investment, and another one, then another house hack duplex. Within just 6 years, he had <strong>7 units and was raking in $2,700 a month in pure cash flow</strong>!</p><p>Dion talks about the mistakes he made, why he prefers<strong> side-by-side duplexes</strong>, how he’s located his properties for maximum