Season 2 Episode 31
Logan Rankin – Road to 500
Sign up for The Real Wealth Solutions newsletter https://bit.ly/RWSNews.
By the time an investor has reached 500 units, they are in a place where systems are set up, refined, and working well. Lessons have been learned and applied, and momentum is carrying them forward. We are tapping to these investors to share their knowledge to help you get to, and past, your first 500.
In addition to the story of Logan’s investing journey, this episode is a must listen for anyone looking to bring management in house. In the last 15 minutes of the episode, Logan describes his move in-move out and turn strategy. If you have a 3rd party manager that matches the level of detail and systemization that Logan has deployed, consider yourself lucky and we suggest you do everything you can to keep them happy. If not, take a listen to how things could be.
Beyond self-management we also talk about some of the counter intuitive aspects of debt and equity like how can $200-300 profit per door be better than $700-800? Why should you pay for rehab out of pocket instead of borrowing the money?
About Logan –
Logan is an experienced Real Estate investor owning and operating a growing Real Estate business with a portfolio of more than 1,000 units, valued over $100M across the state of Wisconsin.
Logan spent the first decade of his professional working career with a fortune 50 corporation leading retail operations. He escalated quickly through various leadership positions where he built high performing teams and managed large P&L portfolios. During that time, Logan led and implemented strategic operational changes at the enterprise level across the US.
In 2013, Logan began investing in Real Estate through the purchase of an investment single family home. Logan was able to achieve financial freedom in the spring of 2018 at the age of 30. At that time, Logan left his corporate leadership role to focus his attention on scaling and developing his three Real Estate businesses.
Reach Logan at –
loganrankin.com or on Instagram @LoganRankin
Thanks for listening and, as always, an honest review or follow is greatly appreciated.