387: Time Freedom Through 7 Deals in Her First 3 Years With Megan Greathouse

2020-06-18

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On today's show: the massive impact of just a few flips and a few small multifamily rental properties.Starting in 2017, that combination allowed our guest Megan Greathouse to step aside from her W-2 job (her husband still works) and spend much more time with her two young kids... all while dedicating just 5 hours per month to self-managing her portfolio in St. Louis.Want to know how she did it? Megan spells it all out in this episode and provides the exact tools and templates she uses to maximize her efficiency—enabling her business to serve her and a...

On today's show: the massive impact of just a few flips and a few small multifamily rental properties.

Starting in 2017, that combination allowed our guest Megan Greathouse to step aside from her W-2 job (her husband still works) and spend much more time with her two young kids... all while dedicating just 5 hours per month to self-managing her portfolio in St. Louis.

Want to know how she did it? Megan spells it all out in this episode and provides the exact tools and templates she uses to maximize her efficiency—enabling her business to serve her and allowing more time for what really matters.

Give Megan a follow, and share this episode with a friend, partner, spouse, or family member who you think might enjoy it!

In This Episode We Cover:

Starting out with a fourplex
Investing with a full-time job and kids
The P.R.O.P. system for property management
How Megan and her husband use the "2 in 5 Rule" to avoid capital gains taxes
How she uses real estate to create time freedom and hang out more with her kids
Flipping an old house near Washington University in St. Louis
A BRRRR "fail" (contractor issues) that turned out OK
Lessons she learned in the military
The key to avoiding analysis paralysis: "Get to 80% and go!"
Buying a 60-acre farm outside the city
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Bookstore
BiggerPockets Podcast
Landlord Advisory Panel
BiggerPockets Events
BiggerPockets Magazine
BiggerPockets Money Podcast
BiggerPockets Guide in Finding Agents
BiggerPockets Books
BiggerPockets Webinars
BiggerPockets Podcast 100: The 1st Deal, Management Drama, and the Birth of BiggerPockets with Joshua Dorkin
Open Door Capital LLC
Ryan's BiggerPockets Profile
TenantCloud
QuickBooks
Boomerang for Gmail
Seth Mosley's Music and Money Group
Brandon's Instagram
BiggerPockets Shirt
Scott Trench