Seattle agent Phil Greely shares how he leveraged new ADU laws and smart renovations to transform a single property into a $1.3M wealth-building rental deal.
Ever feel like you’re on the real estate hamster wheel — earning big commissions that disappear just as fast? In this episode, David sits down with Phil Greely, a Seattle agent who finally broke that cycle by building his own rental portfolio. Phil explains how Seattle’s unique housing laws opened the door for him to turn one property into multiple income streams — including a $1.3M deal — and how he’s using real estate investing to buy back his time and create lasting freedom.
KEY TALKING POINTS:
0:00 - Intro
0:10 - An Overview Of Phil Greely’s Real Estate Career
5:21 - An Example Of The The Numbers On One Of His Deals
8:13 - Lessons He Learned
12:24 - How They’re Approaching Construction
16:20 - The Real Estate Opportunity In Seattle Right Now
19:05 - How Being An Agent Helped Him Start Investing
24:00 - How He Finds His Deals
27:20 - His Goals Right Now
31:04 - What Phil Hopes To Learn At The Springboard Event
37:42 - The Podcast He Used To Do
38:29 - Where To Find Phil
39:13 - Outro
LINKS:
Instagram: Phil Greely
https://www.instagram.com/phil.greely/
Facebook: Phil Greely
https://www.greelygroup.com/
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/