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evin Hart and Mike Gorius, a dynamic duo in the real estate world, have built an impressive portfolio through their innovative approach to flipping and wholesaling properties. Their strategy is centered around generating quick cash through flips, which they then use to fund long-term rentals that provide steady income streams.

    Hart's journey into real estate began during his college days when he was renting a duplex with his fraternity brothers. He realized the potential for generating significant monthly income by owning rental properties and has been hooked ever since. After graduating from the University of Kentucky, Hart pursued a career in accounting but found himself daydreaming about real estate and other business ventures.

    It wasn't until 2017 that Hart made the leap into real estate, starting as an independent contractor for State Farm and taking out a business loan to help with marketing expenses. This move introduced him to home flippers in his area, who motivated him to flip a house himself. With $8,000 down using a hard money lender, Hart's first property purchase was a success, selling the house for around $160,000 after putting in roughly $40,000 of work.

    Hart and Gorius have been working together since 2022, forming an official partnership under the Joe Homebuyer franchise in 2024. Their combined efforts resulted in 50 transactions between wholesales, wholetails, and flips in their first full year working together. They also own over 20 rental properties in the Louisville area.

    Their advice to new investors is to start with a flip to generate quick cash, which can then be used to fund long-term rentals. Hart emphasizes the importance of starting small and avoiding costly mistakes, such as hiring the cheapest contractor or taking on too big of a project. He recommends interviewing multiple contractors and starting with cosmetic flips before moving on to more extensive renovations.

    Gorius, who initially connected with Hart when looking to buy in the Louisville market, has a different approach to real estate investing. He started by purchasing a duplex in Louisville despite living in Phoenix at the time, turning it into a long-term rental. Gorius' first rental check brought in a profit of $400, but he soon realized that generating significant income from rentals would require multiple properties.

    Thanks to their real estate ventures, Hart has eliminated bad debt and is on track to achieve financial freedom. Gorius expects to pay off his debt by 2025 and is excited about the flexibility that comes with being his own boss. Their ultimate goal is to never have to work for income again, but they're not looking forward to a life of leisure just yet.

    The duo's two-pronged wealth-building strategy involves flipping properties to generate quick cash, which is then used to fund long-term rentals. They encourage new investors to follow this approach, starting with small flips and gradually moving on to more extensive renovations. By building a portfolio of rental properties, they believe that anyone can achieve financial freedom and create a secure retirement plan.

    In their market, Hart and Gorius can profit around $100 to $200 per month per unit from long-term rentals. However, they view these properties as slow-burning investments that will provide a steady income stream over time. They emphasize the importance of being prepared for unexpected repairs and maintenance costs, which can eat into cash flow.

    Ultimately, Hart and Gorius' success in real estate is a testament to their innovative approach and dedication to building a robust portfolio. By following their strategy and avoiding common mistakes, new investors can achieve similar results and create a secure financial future for themselves.