Episode 725
From Flipping Hundreds of Homes to Private Lending Success w/ Rich Lennon
Discover why seasoned investor Rich Lennon walked away from flipping and rentals after hundreds of deals — and how he built a thriving private lending business with returns that beat traditional investing. In this conversation, Rich shares his biggest lessons learned, including why expanding outside your market can be costly, the real truth about BRRRR returns, and how “lazy money” partners fit into his lending model.
We also dive into his philosophy on wealth-building, mistakes to avoid, and even how he teaches his kids about money with the "Lennon Bank." Whether you’re new to real estate or a seasoned pro, this episode delivers powerful insights you can apply right now.
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CHAPTERS:
00:00 - Intro
01:14 - Rich's Origin Story
03:04 - Rentals as Wealth Builders
04:00 - Rich's Lending Business Insights
08:49 - Expensive Lessons in Investing
09:52 - Starting Your Lending Journey
17:12 - Maximizing IRA Returns
20:24 - Teaching Kids Financial Literacy
24:31 - Key Takeaways We Missed
24:38 - Common Real Estate Myths
25:27 - Advice to My Younger Self
25:47 - Recommended Reading for Investors
25:58 - Time-Saving Strategies for Success
26:31 - Visit RichLennon.com
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