{"id":81989,"date":"2016-10-27T00:02:33","date_gmt":"2016-10-27T06:02:33","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=81989"},"modified":"2023-04-14T01:51:44","modified_gmt":"2023-04-14T07:51:44","slug":"bp-podcast-198financial-freedom-small-multifamily-rentals-eric-bowlin","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/bp-podcast-198financial-freedom-small-multifamily-rentals-eric-bowlin","title":{"rendered":"Financial Freedom Through Small Multifamily Rentals with Eric Bowlin"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">How many rental units does it take to achieve \u201cfinancial freedom?\u201d Maybe not as many as you think! That\u2019s the topic on today\u2019s episode, where Josh and Brandon sit down to talk with <strong>Eric Bowlin<\/strong>, a real estate investor who achieved financial freedom at the age of 30, largely using the \u201cBRRRR\u201d strategy to finance his deals. Eric owns fewer than 30\u00a0units but was able to \u201cretire\u201d off the cash flow &#8212; and today, you\u2019ll learn just how he did it (and how you can do the same). You\u2019ll also love his tips on <strong>how to find great deals on the MLS and how to manage your properties<\/strong> &#8212; even if you don\u2019t live close by. Be sure to take some notes on this one &#8212; you are going to need them! <\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC1089900568&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"Financial Freedom Through Small Multifamily Rentals with Eric Bowlin | BP Podcast 198\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/mUqMM788ciQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-77567 alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/03\/simplisafe.png\" alt=\"simplisafe\" width=\"271\" height=\"58\" title=\"\">Check out <strong>SimpliSafe<\/strong> Security&#8217;s DIY home security systems; an affordable, wireless, cellular, and customizable system that doesn&#8217;t require a contract!<\/p>\n<p>Try it today with a discount:\u00a0<a href=\"https:\/\/simplisafepockets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">simplisafepockets.com\/<\/a><\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-76287 alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/12\/limaone.png\" alt=\"limaone\" width=\"250\" height=\"106\" title=\"\">Lima One Capital is the nation\u2019s premier lender for residential real estate investors. They make it easy to finance all of your rental properties and fix-and-flip projects.<\/p>\n<p>Learn more by visiting <a href=\"https:\/\/limaonecapital.com\/bp\" target=\"_blank\" rel=\"noopener noreferrer\">LimaOneCapital.com\/BP<\/a><\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>How Eric <strong>started accidentally<\/strong> in real estate<\/li>\n<li>His<strong>\u00a0epiphany<\/strong> moment!<\/li>\n<li>What it\u2019s like <strong>earning overseas<\/strong><\/li>\n<li>Things that <strong>cost him money<\/strong> on his early flips<\/li>\n<li>A note on\u00a0dealing with <strong>contractors<\/strong><\/li>\n<li>Why every <strong>market<\/strong> is unique<\/li>\n<li>How he put together his <strong>team<\/strong><\/li>\n<li>Tips for <strong>finding<\/strong> contractors<\/li>\n<li>How many <strong>units<\/strong> he has now<\/li>\n<li>How to <strong>systematize<\/strong>\u00a0your business<\/li>\n<li>Using the <strong>BRRRR<\/strong> strategy<\/li>\n<li>How he <strong>finds<\/strong> his deals<\/li>\n<li>How to tell if a\u00a0property has <strong>tenant problems<\/strong><\/li>\n<li>His <strong>best<\/strong> deal ever<\/li>\n<li>His most recent<strong> multifamily<\/strong> property<\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"\/renewsblog\/wp-content\/uploads\/2015\/11\/BRRRR-HowtoMake100000PerYearwithFixerUpperRentalProperties.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">BRRRR Strategy<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/webinar?main_track_only=true\" target=\"_blank\">BiggerPockets Webinar<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/blog\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Blogs<\/a><\/li>\n<li><a href=\"\/renewsblog\/how-to-find-a-good-contractor\/\" target=\"_blank\" rel=\"noopener noreferrer\">4 Reasons You\u2019ll Never Find a Good Contractor (Insight From an Investor\/Contractor)<\/a>\u00a0(blog)<\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/proreplay\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Pro Replay<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/pro\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Pro<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/ubg\" target=\"_blank\" rel=\"noopener noreferrer\">Ultimate Beginner&#8217;s Guide to Real Estate Investing<\/a><\/li>\n<li><a href=\"https:\/\/twitter.com\/Jrdorkin\" target=\"_blank\" rel=\"noopener noreferrer\">Josh&#8217;s Twitter Account<\/a><\/li>\n<li><a href=\"https:\/\/twitter.com\/brandonatbp\" target=\"_blank\" rel=\"noopener noreferrer\">Brandon&#8217;s Twitter Account<\/a><\/li>\n<li><a href=\"\/renewsblog\/2013\/02\/28\/ryan-lundquist-podcast-appraisals\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2ek0sXc\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Rich Dad, Poor Dad<\/em><\/a> by Robert Kiyosaki<\/li>\n<li><a href=\"http:\/\/amzn.to\/2eR4Axx\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Successful Landlord<\/em><\/a> by\u00a0 Maribeth Perry<\/li>\n<li><a href=\"http:\/\/amzn.to\/2dVzS7L\" target=\"_blank\" rel=\"noopener\"><em>The Psychology of Selling<\/em><\/a> by Brian Tracy<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;I just realized, I wanted people coming to me to pay me versus me trying to get money for somebody else.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22I%20just%20realized,%20I%20wanted%20people%20coming%20to%20me%20to%20pay%20me%20versus%20me%20trying%20to%20get%20money%20for%20somebody%20else.%22%20biggerpockets.com\/show198\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;I didn\u2019t know about financial independence when I first got started.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22I%20didn%E2%80%99t%20know%20about%20financial%20independence%20when%20I%20first%20got%20started.%22%20biggerpockets.com\/show198%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;A\u00a0person only earns plus or minus 10% of what they think they\u2019re worth.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22A%20person%20only%20earns%20plus%20or%20minus%2010%25%20of%20what%20they%20think%20they%E2%80%99re%20worth.%22%20biggerpockets.com\/show198%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Eric<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/EBowlin\" target=\"_blank\" rel=\"noopener noreferrer\">Eric&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"https:\/\/twitter.com\/EricJBowlin\" target=\"_blank\" rel=\"noopener noreferrer\">Eric&#8217;s Twitter Profile<\/a><\/li>\n<li><a href=\"http:\/\/ericbowlin.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Eric&#8217;s Website<\/a><\/li>\n<li><a href=\"\/renewsblog\/author\/ericbowlin\/\" target=\"_blank\" rel=\"noopener noreferrer\">Eric&#8217;s BiggerPockets Author Profile<\/a><\/li>\n<\/ul>\n<h2>Show Preview<\/h2>\n<p><iframe loading=\"lazy\" title=\"Podcast 198 Preview: This is what I&#039;m doing for the rest of my life!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/pWjtzGgCTZ8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How many rental units does it take to achieve \u201cfinancial freedom?\u201d Maybe not as many as you think! That\u2019s the topic on today\u2019s episode, where Josh and Brandon sit down [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-81989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/81989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=81989"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/81989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118654"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=81989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=81989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=81989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}