Tips on How to Expand Your Real Estate Portfolio in the Current Real Estate Market

The Myndful Investor

If you are in your 20s, dreaming about retiring early and living on a yacht sailing the coast, but you are not a child of a millionaire and you’re not a big risk taker, how would you go about it?

In today’s episode, Lauren and Kyle Clugston, DIY investors and the stars of The Bigger Pockets Rentals to Wealth series, share their journey and lessons learned from their first three years of investing in single-family and multi family homes in the South Jersey area.

Doing everything by themselves, from property management to renovations to finding the properties, Lauren and Kyle have acquired a rental property portfolio of 4 properties and 7 units. You’ll hear about their plans to scale and go beyond the DIY investor’s mindset, as well as about the audacious goal they’ve committed to achieve by The New Year’s Day, all while playing in the current crazy market!

What is Covered:

2:45 - How Lauren and Kyle got into real estate investing.
5:37 - How they split the work between themselves.
7:20 - The benefits and pitfalls of the DIY mindset.
12:40 - How to grow from doer to leader.
14:40 - What Kyle and Lauren’s next step is in evolving as investors.
16:20 - How to avoid the trap of ‘hunting’ for deals and buying emotionally.
21:45 - The importance of spending time in building a team.
24:20 - The challenges of investing out of your area.
28:05 - How to stay patient and observe real estate market cycles.
32:20 - The pros and cons of investing remotely and hiring a management agency.
40:15 - What has been the biggest challenge for Lauren and Kyle in building their portfolio.
43:49 - How to overcome the fear of the unknown on the investing journey.
48:20 - What Lauren and Kyle’s next big goal is.

Show Resources:

• Connect with Lauren and Kyle on Instagram
• Rentals to Wealth Blog
• BiggerPockets - Rentals to Wealth
• Rocket Fuel: The One Essential Combination That Will Get You More of What You Want From Your Business, a book by Gino Wickman and Mark C. Winters

Meet Lauren and Kyle:

Lauren and Kyle Clugston are a young couple of DIY investors from South Jersey, eager to make the most out of their lives. Their goal is to build long-term wealth through buy and hold rental properties, and retire by 2044. Lauren and Kyle’s journey through renovating and managing rental properties from start to finish is featured on The Bigger Pockets Rentals to Wealth series.