I Bought 15 Rental Units While Making $15/Hour Putting Up Fences

**Henry Washington** (0:00)
This has to be one of the wildest, funniest episodes I've ever recorded on this podcast. Britton Eads tried college, and then he dropped out. He tried joining the electrician's union, then he dropped out. Now he was working for a fencing company, getting paid just $15 an hour. And you know what he did with his paychecks? He spent every dollar he had on rental properties. He bought a duplex, then a fourplex, then seven more units while making just $3,000 a month. He made the classic beginner mistakes. He bought a house without ever going to look at it. He didn't get an inspection, had pipes burst just two weeks into owning his first rental. Oh, by the way, don't ever do half the stuff he mentions early on. But what he didn't do was give up. Now he's got over 15 rental units that have replaced his paycheck and built him over $200,000 in equity. He used that equity to buy more properties when he didn't have the money, got seller credits to fund his renovations, and did it even with 8% interest rates. Britton had every excuse not to be successful in real estate, and he made it work. This is how you can do it too.
What's going on, everybody? I'm Henry Washington, host of the Bigger Pockets Podcast, and we have an investor story for you today. We have investor Britton Eads out of Kentucky.
Let's jump in.
Britton Eads, welcome to the Bigger Pockets Podcast.

**Britton Eads** (1:30)
Oh, it's good to be here.

**Henry Washington** (1:31)
Man, so good to have you. For our audience, why don't you give us a little bit of a peek into your background and how you first got into real estate.

**Britton Eads** (1:37)
So I graduated high school in 2021 I was 18 years old, and when I graduated, I didn't really know what I wanted to do. So I went to college for about six months, and then I dropped out.
So then I joined the electrician union. My dad wanted me to do that, and I went to electrician union for probably another six months, and then the school started, and I thought, well, I don't know if I really, I don't think I really want to go and do the school because they was wanting us to go and work all day and then go to school for like two or three hours at night after work. And I was like an hour away from my house where I was having to work at. So while I worked there, my wife, well, it was my girlfriend, but now my wife, her grandma gave me the book Rich Dad Poor Dad. And I read it, and as soon as I read it, I was like, wow, is it really this easy to go and buy real estate or start a business and not have to work and become financially free through real estate investing?

**Henry Washington** (2:36)
All right.

**Britton Eads** (2:36)
So then I just, I was like, well, I don't really want to go to school anymore, so then I quit doing that.

**Henry Washington** (2:41)
Yeah, we picked up on that. I noticed the theme of you not wanting to go to school amongst your story, which fair enough, school isn't for everybody.
I get it, I get it.

**Britton Eads** (2:51)
I got lucky probably to pass high school. Not really, not really.
I had A's and B's, but I hated every single second of it. So after that, I went back to work for my dad, and I started looking for properties and listening to podcasts. That was 2022, and by the end of 2022, December, I bought my first property, it was a duplex, for $70,000. Wow. But when I bought this duplex, I had never seen it. I didn't do an inspection, I didn't even know how old it was. I didn't know anything about it.

**Henry Washington** (3:22)
You just knew how much it cost.

**Britton Eads** (3:23)
I just knew how much it costed. Honestly, the guy asked me, he said, I want $80,000. I said, I'll give you $70,000. And he said, okay.

**Dave Meyer** (3:29)
He just wanted rid of it too.

**Henry Washington** (3:32)
All right, okay, all right, okay, hold on.
First and foremost, what I like about what you told me about your story is it was action based. You took massive action. You started looking for properties. You found something to buy. I do not love the fact that you didn't see it, nor did you get an inspection.

**Britton Eads** (3:54)
I didn't even know how old it was.

**Henry Washington** (3:55)
Wild.

**Britton Eads** (3:56)