Growing the Money with Rich Lennon

Episode 92: How I Quit Flipping Houses in 2020 and Now Travel While My Money Works For Me.


Listen Later

What if working harder isn’t the answer anymore? In 2020, Rich Lennon walked away from flipping houses, managing teams, and grinding every day, and didn’t look back. Instead of chasing deals, he chose a different seat at the table. The one where the money works, and life gets a lot simpler.

In this episode, Cody Hofhine sits down with Rich to talk about the exact shift that allowed him to stop flipping, start lending, and design a life around freedom, travel, and consistency. Rich breaks down how he moved from active investing to private lending, why being the bank changes everything, and how everyday investors can do the same without taking on unnecessary risk.

You’ll Learn How To:

  • Know when it’s time to stop flipping and shift strategies
  • Turn active income into passive returns
  • Understand why lending can be the safest seat in real estate
  • Earn strong returns without managing properties
  • Build wealth without burning yourself out

Who This Episode Is For:

  • Investors are tired of constant deal-chasing
  • Flippers are wondering what the next phase looks like
  • Business owners are sitting on cash and are unsure what to do with it
  • Anyone who wants more freedom without risking their money

Why You Should Listen:
If you’ve ever wondered what comes after flipping houses, or how people actually reach financial freedom without chaos, this episode pulls back the curtain. Rich shares what worked, what didn’t, and the mindset shift that changed everything. 

What You’ll Learn in This Episode:

  • [00:00] Why Rich shut down his flipping business in 2020
  • [03:00] The moment he realized lending was the better play
  • [07:00] How private lending really works in plain English
  • [11:00] Why being the bank lowers risk, not raises it
  • [15:00] The returns Rich targets and how he protects his capital
  • [20:00] Who private lending is and isn’t for
  • [26:00] How lending created freedom to travel and step back

Follow Rich Lennon here:
Website: https://richlennon.com/
Facebook: https://www.facebook.com/rich.lennon.121
Instagram: https://www.instagram.com/richlennon92/

 

...more
View all episodesView all episodes
Download on the App Store

Growing the Money with Rich LennonBy Rich Lennon

  • 5
  • 5
  • 5
  • 5
  • 5

5

143 ratings


More shows like Growing the Money with Rich Lennon

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,731 Listeners

Rental Income Podcast With Dan Lane by Rental Income Podcast

Rental Income Podcast With Dan Lane

834 Listeners

Main Street Business by Mark J Kohler and Mat Sorensen

Main Street Business

578 Listeners

The Tom Ferry Podcast Experience by Tom Ferry

The Tom Ferry Podcast Experience

1,109 Listeners

Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

Your Money, Your Wealth

806 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,463 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,079 Listeners

Real Estate Investing with Coach Carson by Chad Coach Carson

Real Estate Investing with Coach Carson

622 Listeners

Ken McElroy Show by Ken McElroy

Ken McElroy Show

722 Listeners

Private Lenders' Podcast by Hard Money Bankers - Jason Balin and Chris Haddon

Private Lenders' Podcast

67 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,834 Listeners

BiggerPockets Daily by BiggerPockets

BiggerPockets Daily

326 Listeners

On The Market by BiggerPockets

On The Market

898 Listeners

The Great Retirement Debate with Ed Slott & Jeffrey Levine by The Great Retirement Debate with Ed Slott & Jeffrey Levine

The Great Retirement Debate with Ed Slott & Jeffrey Levine

151 Listeners