202: Escaping the Rat Race Through Rental Properties with Mark Walker

<p>Most people dream of getting out of the “rat race,” quitting their day job, and living on passive income sources. However, usually that’s just wishful thinking. But today, we’re excited to introduce you to a real estate investor who did just that using rental properties, and he explains just how he did it. You’ll learn how our guest,&nbsp;<strong>Mark Walker</strong>, used single family houses at first to begin building his portfolio, and&nbsp;<strong>how his passive income really took off when he switched to multifamily</strong>. And you’ll love the in-depth discussion on exactly how he acquired his 64-unit apartment building!</p><p>In This Episode We Cover:</p><ul><li>How Mark&nbsp;<strong>got started</strong>&nbsp;with a duplex that yielded a&nbsp;36.5% cash on cash return</li><li>Tips for shifting from&nbsp;developments to&nbsp;<strong>rentals</strong></li><li>Why he doesn’t want anything to do with&nbsp;<strong>property management</strong></li><li>Why it’s a matter of finding the&nbsp;<strong>right financing</strong></li><li>The basics to know about&nbsp;<strong>amortization</strong>&nbsp;and cash and cash return</li><li>How to&nbsp;<strong>partner</strong>&nbsp;with the right people along the way</li><li>How he&nbsp;<strong>finances his deals</strong></li><li>How he structures his&nbsp;<strong>partnerships</strong></li><li>The difference between conventional and&nbsp;<strong>commercial loans</strong></li><li>How he ended up partnering on a&nbsp;<strong>deal</strong>&nbsp;with a property manager</li><li>How he knew that it was the right time to&nbsp;<strong>quit his job</strong></li><li>Tips on&nbsp;<strong>job shadowing</strong>&nbsp;someone with&nbsp;great experience</li><li>Details on his&nbsp;<strong>64-unit deal</strong></li><li>What&nbsp;you should know about&nbsp;<strong>syndication</strong></li><li>How much time he is spending&nbsp;<strong>on his business</strong></li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="https://www.biggerpockets.com/s