The Del Walmsley Radio Show

How to Get Started in Real Estate Investing: Your First Rental Property


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"I was making $220 a month positive cash flow. I had $2,000 invested. That came out to be 132% return... Before this, I had my money in savings accounts, bonds, stocks - all that stuff didn't work. None of it worked."

 

Ever wonder how someone working 12-hour days at a health club could retire with $4,000 monthly passive income? Del Walmsley breaks down the exact strategy that transformed his financial future - starting with just one rental property and $2,500 down.

 

This isn't another get-rich-quick scheme. It's the real story of how a college dropout discovered that one rental house could generate 132% returns while the stock market struggled to keep up with inflation. But here's what makes this different: Del shows you the complete roadmap from that first nervous purchase to building generational wealth.

 

What You'll Discover

 

Why that first rental property is the most critical step you'll ever take toward financial freedom - and how it teaches you everything you need to know about becoming an investor. Del reveals the psychology behind why most people stay trapped in the corporate grind instead of taking action, even when they know a better path exists.

 

You'll learn the exact numbers from Del's first deal: $2,500 down, $500 back at closing, and $220 monthly cash flow that opened his eyes to what real wealth building looks like. Discover how this single investment taught him to screen tenants, manage properties, and most importantly - that he could actually do it.

 

The episode exposes why traditional retirement plans fail high earners and how rental properties provide multiple profit centers: cash flow, mortgage paydown, appreciation, and massive tax advantages. Del shares the brutal truth about why most investments are designed to make others wealthy while keeping you hoping and praying.

 

Key Timestamps

 

01:45 The College Dropout Decision - Why Del left school after discovering nobody was working or trying and decided to find his own path to millions

 

05:40 The First Rental House Strategy - Exact breakdown of the $2,500 investment that generated 132% returns and $220 monthly cash flow

 

10:00 Multiple Profit Centers Revealed - How rental properties make money through cash flow, mortgage reduction, and appreciation working together

 

14:20 Scaling from 4 Houses to Freedom - The revelation that $880 monthly from four houses could cover all living expenses

 

19:15 The $200K Five-Duplex Deal - How one 10-unit property generating $2,000 monthly cash flow provided enough income to retire

 

FAQs

 

How much money do you need to buy your first rental property today?

 

You'll typically need $10,000 to $20,000 to get started with a single-family rental property. This covers the down payment and closing costs on a house you buy for around $100,000, renovate for $50,000, and refinance at $200,000 value. The bank will lend 75% of the appraised value, so you get most of your money back at refinancing.

 

What returns can you realistically expect from rental properties?

 

Current rental properties can generate $200 to $500 monthly positive cash flow per house, depending on the market and property type. This represents significantly higher returns than traditional investments when you factor in cash flow, mortgage paydown, appreciation, and tax benefits working together.

 

How many rental properties do you need to replace your income?

 

Most people need approximately 20 rental units to replace their current income and achieve financial freedom. This could be 20 single-family houses, 10 duplexes, or a combination. Higher-income earners will need more units, but they typically have more capital to invest faster.

 

Ready? Follow the Roadmap Today

 

Stop hoping your 401k will save you. Take the same first step Del took - learn how to buy your first rental property. Discover the exact strategies that built Del's empire and helped thousands escape the corporate grind.

 

Join our FREE Real Estate Investing Workshop - Learn the fundamentals of locating, evaluating, and financing your first rental property.

 

Explore Real Member Case Studies - See actual numbers and results from current Lifestyles Unlimited members who started exactly where you are today.

 

Get Your Lifestyles Unlimited Membership - Access comprehensive real estate education, mentorship, and the proven system that's helped thousands achieve financial freedom.

 

Connect With Us

 

Facebook | YouTube | Instagram | LinkedIn | TikTok

 

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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The Del Walmsley Radio ShowBy Del Walmsley

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