From Corporate Travel to Real Estate Freedom: The Milner Journey
Description
Nathan and Stacey Milner share their journey from corporate professionals to real estate investors who own multiple multifamily properties. Nathan previously worked as VP of operations for an event management company that required regular travel, while Stacey worked in the wedding industry before becoming a stay-at-home mom managing their rental properties.
What makes their conversation valuable is their candid discussion of early mistakes and lessons learned. They reveal how paying cash for one of their early rental properties taught them about the importance of leverage in real estate investing. Their experience demonstrates how education and strategic thinking can help busy professionals build a real estate portfolio while maintaining family priorities.
What You'll Discover
How one family transitioned from single-family to multifamily real estate investing using proper leverage strategies
The education insights that helped them understand how to finance properties more effectively
Why building relationships with local lenders can make purchasing investment properties easier
Key Timestamps
03:01 Getting Started by Accident - How a short sale purchase led to their first rental property investment experience
06:02 The Education Impact - Discussion of attending a two-day workshop and learning about leverage strategies for real estate investing
14:30 Life After Corporate Jobs - How they've structured their lives after leaving traditional employment to focus on real estate
19:02 Property Selection Insights - What they look for when evaluating potential investment properties and why some deals don't work
28:36 Perspectives on Control - Nathan and Stacey discuss what they value most about their current approach to building wealth
FAQs
How did Nathan and Stacey get started in real estate investing?
They began somewhat accidentally with a short sale purchase that they decided to keep as a rental property. They initially made the mistake of paying cash for one of their early properties before learning about the benefits of using leverage through proper financing strategies.
What role do their children play in their real estate activities?
Their daughters help with property turnovers by using their own cleaning supplies and following checklists. The children also assist with inspections and enjoy collecting coins from laundry facilities. Their oldest daughter has expressed interest in property management as a career path.
How do they manage properties while maintaining family time?
Nathan and Stacey divide responsibilities, with Stacey handling property searches and leasing while Nathan manages maintenance tasks. They can handle most situations remotely when traveling and have established relationships with local contractors for emergency situations.
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The information and opinions on the Del Walmsley Radio Show are for entertainment purposes only and do not constitute investment advice. Please consult a professional regarding your personal investment needs.
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