This investor built a multimillion-dollar <a href="https://www.biggerpockets.com/blog/building-scaling-real-estate-portfolio?utm_source=podcast&utm_medium=description&utm_campaign=none">real estate portfolio</a> with low-money-down loans and little cash-to-close. Thanks to his smart “rinse and repeat” strategy, he’s quickly scaled from zero to 13 rental units in just four years, all while collecting thousands of dollars of <a href="https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis">cash flow</a> a month. He would have never been able to get to this place if he hadn’t followed a strategy many investors are too scared to try.Mike Johnson knew the best way to take bigger career risks was to have a backup plan. The ultimate passive income plan? Rental properties. But he didn’t want to put 20% to 25% down on each property he bought, so he started where many investors do—<a href="https://www.biggerpockets.com/blog/house-hacking?utm_source=podcast&utm_medium=description&utm_campaign=none">house hacking</a>. Four years later, he’s continued his repeatable house hacking strategy, purchasing a new property every year, living in one unit, and renting out the others.This has allowed Mike to build a portfolio worth $3.4 million in just four years while buying in B+ or A-class neighborhoods and taking home a healthy amount of cash flow. But he has dealt with his fair share of headaches—squatters, non-paying tenants, and a lot of purple paint. Mike still says investing has been a massive win for him, and you can repeat his same strategy! In This Episode We Cover:How to start investing in real estate with little money using the house hacking strategy Why your primary residence IS an investment (and a phenomenal one at that)The biggest mistake Mike made that led to him buying a property with a squatter in the unit The new <a href="https://www.biggerpockets.com/blog/5-percent-fannie-mae-loan-compared-to-fha-loan?utm_source=podcast&utm_medium=description&utm_campaign=none">5% down multifamily loan</a> you can use to buy bigger, better, more expensive properties The cash flow AND appreciation market Mike is bullish on (and keeps investing in)When to <a href="https://www.biggerpockets.com/blog/property-management-vs-self-management?utm_source=podcast&utm_medium=description&utm_campaign=none">self-manage vs. hire property management </a>for your rentals And So Much More!Links from the Show<a href="https://www.biggerpockets.com/signup?utm_source=owned_media">Join BiggerPockets for FREE</a><a href="https://www.BiggerPockets.com/Podcastfeedback">Let Us Know What You Thought of the Show!</a><a href="https://www.biggerpockets.com/forums?utm_source=owned_media">Ask Your Question on the BiggerPockets Forums</a><a href="https://www.youtube.com/@biggerpockets">BiggerPockets YouTube</a><a href="https://airtable.com/appnZ2AGUknfciOzu/pagvbFaEPNprDBVKi/form">Apply to Be a BiggerPockets Podcast Guest!</a><a href="https://www.instagram.com/michael.johnson1334/">Mikes Instagram</a><a href="https://www.linkedin.com/in/michael-johnson-a7422196/">Mikes LinkedIn</a><a href="https://eqtytrst.co/bp">Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust</a><a href="https://get.biggerpockets.com/conference/">Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025</a><a href="https://store.biggerpockets.com/products/the-house-hacking-strategy?utm_source=owned_media">Grab the Book “The House Hacking Strategy”</a><a href="https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none">Sign Up for the BiggerPockets Real Estate Newsletter</a><a href="http://biggerpockets.com/findlenders">Find Investor-Friendly Lenders</a><a href="https://www.biggerpockets.com/resources?utm_source=youtube&utm_medium=description&utm_campaign=none">Download the “Should I Buy Points” Resource</a><a href="https://www.biggerpockets.com/users/michaelj803?utm_source=youtube&utm_medium=description&utm_campaign=none">Connect with Mike</a><a href="https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none">Connect with Dave</a>(00:00) Intro(01:28) Investing to KEEP Working?(03:32) First Deal with $19K Down!(09:12) 3.5% Down 4 Unit!(13:27) Worst Tenant Ever(18:51) 3 More Units and Hiring Management(23:32) $1.5M Property for $38K Down!(23:41) SOCIAL - 38k cash for a $1.5m property(28:14) Your Primary is the BEST InvestmentCheck out more resources from this show on <a href="https://www.biggerpockets.com/">BiggerPockets.com</a> and <a href="https://www.biggerpockets.com/blog/real-estate-1099">https://www.biggerpockets.com/blog/real-estate-1099</a>Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email <a href="mailto:advertise@biggerpockets.com">advertise@biggerpockets.com</a>. Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

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