Dan went to college for finance. He got into real estate when the company he worked for after college committed massive fraud. Dan saw what his colleagues were going through who relied on their sales income to live when that income was torn out from under them. Dan became interested in the financial independence movement. He learned that with real estate, a tenant can pay down your mortgage every month, among other great benefits. Dan did momentarily succumb to analysis paralysis while learning, but he was able to buy his first property after 3 years. Now, he has a house hack duplex in Chicago, a SFR in Milwaukee, and 3 townhouse/condos in Milwaukee. Naturally, the conversation transitions to what it’s like to buy in a Homeowner’s Association (HOA). Lauren then asks, why did Dan pick Milwaukee for investing when he lived in Chicago? What ensues is a funny story about a friend who knew nothing about the area suggesting it to Dan. Lauren also asks about goals – what does Dan want to get out of his properties? The answer is indestructible wealth. Then, the conversation transitions to Dan’s podcast, Landlord Horror Stories. He proceeds to tell Lauren a story from his podcast. Like all of these “horror stories,” the landlord always ends up feeling like real estate is worth it, even if you have to put up with some challenges.
If you liked this episode, you’ll also like episode 123: When You House Hack and It Has Mold But You Still Make Money.
About Dan:
Dan is a real estate investor based out of Chicago running a humble portfolio of 5 doors. He also hosts the Landlord Horror Stories podcast. A show that combines storytelling, history, and real estate.Currently Dan is working on Season 2.
Connect with Dan:
https://podcasts.apple.com/us/podcast/landlord-horror-stories/id1633686856
https://twitter.com/ResilientRei
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.realadultingiseasy.com/
https://www.instagram.com/adultingiseasyreal/
