David shares how nine rentals appreciated $1M in five years while riding with Bruce Arellano, who’s transitioning from California to Indianapolis real estate.
David Lecko takes listeners on a car ride to tour his 19 rental properties, nine of which have appreciated by over $1 million in just five years. Joined by Bruce Arellano, a California investor transitioning to the Indianapolis market, they discuss managing rentals, the BRRRR strategy, and lessons learned from scaling a portfolio in two very different markets.
KEY TALKING POINTS:
0:00 - Introduction
0:28 - Why Bruce And His Wife Moved To Indianapolis
3:00 - California’s Squatter Rights
4:42 - The Rental Scam David Discovered
6:09 - Bruce Says Vetting People In Indy Is Easier Than California
7:50 - How Him And His Wife Divide Up The Duties
12:55 - His Current Approach To Marketing
13:59 - The Differences With Midwest Markets
15:39 - How David Chose His First Investment Party & Self-Managing His Rentals
20:29 - What Bruce Is Looking To Learn From Riding With David
21:21 - Why David Wanted To Take A Look At All Of His Properties
24:27 - People On The Internet Who Hate On Landlords
25:38 - Bruce’s Background In The Military
26:35 - Where Bruce And David Are At In Their Real Estate Careers
27:09 - The Payment Structure That Bruce Recommends For Acquisitions
28:18 - David’s Takeaway
28:32 - Outro
LINKS:
Instagram: Bruce Arellano
https://www.instagram.com/investing4arellanos/
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/