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Living Off RentalsAuthor: Kirby Atwell
We believe that a high quality rental property is the best investment a person can make. This podcast equips listeners to build a rental portfolio of their own. Each week host, Kirby Atwell, interviews someone who is living off rentals and identifies best practices, advice, and potential investing pitfalls to avoid! Language: en Genres: Business, Entrepreneurship, Investing Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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#273 - Converting Garages to ADU's to create massive value
Wednesday, 7 May, 2025
In this episode of Living Off Rentals, we’re joined by Henry Russell—a Navy veteran, entrepreneur, and multifamily real estate investor with over 15 years of experience. Henry Russell attended the U.S. Naval Academy and went on to complete multiple combat tours in Iraq as a Naval officer. After leaving the Navy, he returned to Baltimore, where he founded a construction company, a property management company, and, in 2020, launched RFC Capital, a veteran-owned investment firm based in San Diego. RFC Capital specializes in a unique and impactful strategy: converting underutilized carports and garages into affordable rental units. This creative approach not only delivers strong returns for investors but also helps address San Diego’s growing affordable housing crisis. Listen to hear about Henry’s unique strategy and how to add tons of value to garage spaces by turning them into livable apartments. Enjoy the show! Key Takeaways: [00:00] Introducing Henry Russell and his background [03:17] His transition from the Navy to real estate investing [05:04] Different ways to start in real estate investing [13:45] Partnership to build a strong real estate resume [16:34] Henry's strategy for success [20:15] Converting garages to apartment units [24:21] Defensive strategy to buy real estate [30:01] Doubling the rental income by renovating existing units [39:30] The Ideal type of investor Henry works with [43:21] His advice for first-time investors [46:55] Connect with Henry Russell Guest Links: Website: https://rfccap.com/ Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – https://www.livingoffrentals.com/ Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals
