{"id":83769,"date":"2016-11-24T00:02:28","date_gmt":"2016-11-24T07:02:28","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=83769"},"modified":"2023-04-14T01:46:19","modified_gmt":"2023-04-14T07:46:19","slug":"bp-podcast-202escaping-rat-race-rental-properties-mark-walker","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/bp-podcast-202escaping-rat-race-rental-properties-mark-walker","title":{"rendered":"Escaping the Rat Race Through Rental Properties with Mark Walker"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Most people dream of getting out of the \u201crat race,\u201d quitting their day job, and living on passive income sources. However, usually that\u2019s just wishful thinking. But today, we\u2019re excited to introduce you to a real estate investor who did just that using rental properties, and he explains just how he did it. You\u2019ll learn how our guest, <strong>Mark Walker<\/strong>, used single family houses at first to begin building his portfolio, and <strong>how his passive income really took off when he switched to multifamily<\/strong>. And you\u2019ll love the in-depth discussion on exactly how he acquired his 64-unit apartment building! <\/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=BIGPOC5591618568&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"Escaping the Rat Race Through Rental Properties with Mark Walker | BP Podcast 202\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/AYs7pMqeJLg?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=\"wp-image-80996 size-full alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/09\/Equity-Trust-Logo.png\" alt=\"Equity Trust\" width=\"270\" height=\"93\" title=\"\"><strong>Equity Trust<\/strong> is a financial services company that enables individual investors to diversify investment portfolios through alternative asset classes, including real estate, tax liens, private equity and precious metals.<\/p>\n<p>Get your free\u00a010 Ways to Partner on a Deal with Your IRA Checklist:\u00a0<a href=\"https:\/\/www.trustetc.com\/\" target=\"_blank\" rel=\"noopener\">trustetc.com\/bp3<\/a><\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>How Mark <strong>got started<\/strong> with a duplex that yielded a\u00a036.5% cash on cash return<\/li>\n<li>Tips for shifting from\u00a0developments to <strong>rentals<\/strong><\/li>\n<li>Why he doesn\u2019t want anything to do with <strong>property management<\/strong><\/li>\n<li>Why it\u2019s a matter of finding the <strong>right financing<\/strong><\/li>\n<li>The basics to know about <strong>amortization<\/strong> and cash and cash return<\/li>\n<li>How to\u00a0<strong>partner<\/strong> with the right people along the way<\/li>\n<li>How he <strong>finances his deals<\/strong><\/li>\n<li>How he structures his <strong>partnerships<\/strong><\/li>\n<li>The difference between conventional and\u00a0<strong>commercial loans<\/strong><\/li>\n<li>How he ended up partnering on a <strong>deal<\/strong> with a property manager<\/li>\n<li>How he knew that it was the right time to <strong>quit his job<\/strong><\/li>\n<li>Tips on <strong>job shadowing<\/strong> someone with\u00a0great experience<\/li>\n<li>Details on his <strong>64-unit deal<\/strong><\/li>\n<li>What\u00a0you should know about <strong>syndication<\/strong><\/li>\n<li>How much time he is spending <strong>on his business<\/strong><\/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=\"https:\/\/www.biggerpockets.com\/store\/store_front\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Bookstore<\/a>\u00a0(Black Friday Sale!)<\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/MindyJensen\" target=\"_blank\" rel=\"noopener noreferrer\">Mindy Jensen&#8217;s BP Profile\u00a0<\/a><\/li>\n<li><a href=\"http:\/\/www.mrmoneymustache.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mr Money Moustache<\/a><\/li>\n<li><a href=\"\/renewsblog\/BP-Podcast-201-Flipping-100-Zombie-Houses-with-Justin-Stamper\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 201: Flipping 100+ \u201cZombie\u201d Houses with Justin Stamper<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/webinar?main_track_only=true\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Webinar<\/a><\/li>\n<li><a href=\"https:\/\/quickbooks.intuit.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Quickbooks<\/a><\/li>\n<li><a href=\"http:\/\/abc.go.com\/shows\/dancing-with-the-stars\" target=\"_blank\" rel=\"noopener noreferrer\">Dancing with the Stars<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2ggu6Mf\" target=\"_blank\" rel=\"noopener noreferrer\"><i>Rich Dad Poor Dad<\/i> by Robert Kiyosaki<\/a><\/li>\n<li><a href=\"http:\/\/amzn.to\/2fS10pv\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Best Real Estate Investing Advice Ever<\/em><\/a> by Joe Fairless<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;I\u2019m the guy who likes to say yes. I don\u2019t like saying no. I let somebody else do that for me.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22I%E2%80%99m%20the%20guy%20who%20likes%20to%20say%20yes.%20I%20don%E2%80%99t%20like%20saying%20no.%20I%20let%20somebody%20else%20do%20that%20for%20me.%22%20%40biggerpockets%20biggerpockets.com\/show202\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;It\u2019s been a pleasant surprise for a multifamily owner. Once you get that property stabilized, it can go to autopilot.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22It%E2%80%99s%20been%20a%20pleasant%20surprise%20for%20a%20multifamily%20owner.%20Once%20you%20get%20that%20property%20stabilized,%20it%20can%20go%20to%20autopilot.%22%20%40biggerpockets\" target=\"_blank\" rel=\"noopener\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Never stop learning. Learning leads to action, and action leads to success.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Never%20stop%20learning.%20Learning%20leads%20to%20action,%20and%20action%20leads%20to%20success.%22%20%40biggerpockets%20biggerpockets.com\/show202\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Do your first deal and learn from it. Ask yourself what\u2019s working, what\u2019s not working, and what can improve.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Do%20your%20first%20deal%20and%20learn%20from%20it.%20Ask%20yourself%20what%E2%80%99s%20working,%20what%E2%80%99s%20not%20working,%20and%20what%20can%20improve.%22%20biggerpockets.com\/show202\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Mark<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/Mark_Luxmana\" target=\"_blank\" rel=\"noopener noreferrer\">Mark&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"http:\/\/www.luxmana.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mark&#8217;s Company Website<\/a><\/li>\n<li><a href=\"http:\/\/www.luxmana.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">Free gift for BiggerPockets&#8217; listeners<\/a><\/li>\n<\/ul>\n<h2>Show Preview<\/h2>\n<p><iframe loading=\"lazy\" title=\"Podcast 202 Preview: Do it, what are you waiting for?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/z8gZd9arsgc?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>Most people dream of getting out of the \u201crat race,\u201d quitting their day job, and living on passive income sources. However, usually that\u2019s just wishful thinking. But today, we\u2019re excited [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-83769","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\/83769","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=83769"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/83769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118646"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=83769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=83769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=83769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}