Flipping a $1.3M Rooming House w/ Rachel Swanson

The Real FI Podcast - Real Estate Investing to FI

In this podcast episode, we had the pleasure of speaking with Rachel Swanson, a former dental hygienist turned blogger, entrepreneur, and real estate investor. Rachel shared her journey of starting a blog, writing a personal and spiritual growth coloring book, becoming an author and speaker, and eventually becoming an accidental landlord during the COVID-19 pandemic.

Rachel discussed how she learned to pivot and adapt in her investing journey, starting with her first rental property that she refinanced and turned into a cash-flowing investment.

Rachel also shared her experience buying and selling different types of properties, including a four-plex and an assisted living home that she turned into a co-living, rent-by-the-room situation. She talked about the challenges of dealing with city planning battles and appraisers who didn't know how to properly value her properties.

Despite these challenges, Rachel has built a portfolio of 9 units and also property manages a total of 20 units, with plans to launch a short-term rental property management business.

Rachel emphasized the importance of screening tenants, changing course when necessary, and having a positive mindset when it comes to investing in real estate. Her story serves as an inspiration for anyone looking to build a successful real estate portfolio and achieve financial freedom.

You can connect with our guest on Instagram @rachelcswanson.

Are you interested in finding great off-market investment opportunities? We’ve partnered with DealMachine to help bring great deals to your doorstep. All you have to do is sign up with DealMachine and use the code THEREALFI at signup. Patrick and I are clients of DealMachine and have made a lot of money using their services. We hope you do too!

Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to [e-mail] and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!

You can connect with you hosts on instagram:

James on Instagram: @James_Rippeon

Patrick on Instagram: @RentalPropertyCouple

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