292: Free Houses: How to Build a $1 Million Real Estate Portfolio on the Side

<p>Austin Miller built a $1.2 million real estate portfolio at 31 years old -- for free.</p> <p><em>Note: <a href= "https://nickloper.lpages.co/leadbox/145e2adb3f72a2%3A12b7a20bab46dc/5659750096175104/" target="_blank" rel="noopener">Click here to download Austin’s top tips for finding and financing property from this episode.</a></em></p> <p>He's a side hustling real estate investor specializing in "creative" financing deals -- houses he can buy without using his own money.</p> <p>Austin is the author of <a href="https://amzn.to/2ufLZUa" target="_blank" rel="nofollow noopener"><em>Free Houses: How To Build Your Real Estate Investment Portfolio With No Money</em></a>.</p> <p>His basic strategy is this:</p> <ul> <li>Find a killer deal on a house that needs some work.</li> <li>Buy it with the creative financing methods Austin talks about in this episode.</li> <li>Either do the work yourself or hire contractors.</li> <li>Put a paying tenant in the newly rehabbed home.</li> <li>Refinance the home with a traditional bank loan and pay back the original funding source.</li> </ul> <p>The end game is <strong>positive monthly cash flow from rental income,</strong> plus building a long-term wealth through tenants paying off the mortgage.</p> <p>Austin has developed some unique and interesting ways to hard money and private money to fund his property purchases.</p> <p>The best part – it’s truly a side hustle that can be done in a few hours a week the end result is passive income from rental revenue.</p> <p>Tune in to hear how Austin finds killer deals, buys the houses without risking his own capital, and then rehabs them to get ready to rent.</p>