6. Minimum wage laborer to builder to a multimillionaire, 5 recessions and 47 years of marriage later | Rick Jarman, Real Estate Old School

If you are in need of some REAL real estate wisdom, the best stories, and a fantastic southern accent, this episode if for you.  Learn what generation is REALLY responsible for putting carpet over those beautiful hardwood floors.  I love to hear Rick tell it like it is.  He shares so many practical tips like how to see if there is hardwood under the carpet.  He talks through all the benefits of section 8, how he loves late fees but always focuses on helping people get back on track, while still maintaining a successful business.  He stresses the importance of keeping turnovers to a minimum, and has only evicted 2 (now 3) people in all of his years as a landlord.  Rick has been doing the BRRRR method since before it was cool, and he has some great suggestions on how he maximizes the amount of money he keeps after the refinance portion of the process.  I think you will love his unique advice on how to start as a newbie, as it was quite different from the "househack" advice that is prevalent everywhere today.  I love his stance on cars and avoiding personal debt.  I also learned that Rick has some hidden musical talents, which even snagged him his wife of 47 years.  She must have been a keeper too, as they have moved 31 times all while raising their son and daughter.  I could have talked to Rick all day (but instead we chatted for an hour and 40 minutes before edits), and you all MUST let me know which of his great stories are your favorite.  Oh AND you should follow him on YouTube, Instagram, his PODCAST AND TicTok.  (I am pretty sure he is a better millennial than I am...)  Learn more:   The podcast that first led me to find Rick: House hacking success podcast, SURVIVING THE 2008 RECESSION AND GROWING TO OVER 100 PROPERTIES WITH RICK JARMAN | PODCAST 34 Section 8 Owner financing  Live in flip True costs of tenant turnover Multifamily vs. Single-family homes (and why we BOTH love single-family homes!) --- Support this podcast: https://podcasters.spotify.com/pod/show/nerdsguidetofi/support