How He's Building Generational Wealth With A Small Portfolio With Mike Thompson (Ep 568)

Mike Thompson isn't trying to build a massive rental empire. His goal is simple: a handful of solid properties that generate income for retirement and create something he can pass down to his kids. Mike started by buying a 4-unit property in Ohio, where he was living at the time. He self-managed and handled his own maintenance. He enjoyed the hands-on approach and quickly learned the business. But after relocating to South Carolina, everything changed. Turning the property over to a property manager didn't go as planned, and within a year, Mike decided to sell… walking away with a profit. After taking time to understand his new market, Mike got back in by buying two condos that he now self-manages. On this episode, we break down his numbers, how he budgets for expenses, and how he's finding deals in today's market. Thanks To Our Sponsors: Flock Homes - Retire from real estate investing and landlording (whether it's one problem property or your whole portfolio) through a 721 Exchange. MidSouth HomeBuyer s – Turnkey Rentals In Memphis, Little Rock, and Dallas. Instant Cash Flow On Day One. (5% Management Fee for 5 Years, and $5,000 towards closing costs). Ridge Lending Group - Making the investment mortgage process simple and stress-free. Sign up for a free 30-minute investor strategy session. Rental Accounting Software Made Easy. Free 30 Day Trial.

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How He's Building Generational Wealth With A Small Portfolio With Mike Thompson (Ep 568) is an episode from Rental Income Podcast With Dan Lane: Landlord l Rental Property Owner l l Real Estate Investor l Passive Income l Find Good Tenants by Rental Income Podcast.

This episode is 23:53 long.

This episode was published on Apr 7, 2026.

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