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From Failure to $5M Portfolio | Melissa Nash on Long-Distance Investing
Manage episode 523179366 series 3294740
Melissa Nash reveals how she rebuilt her life after losing a multimillion-dollar business and scaled a $5M+ rental portfolio without ever seeing her properties.
In this episode of RealDealChat, Jack Hoss interviews Melissa Nash, founder of HelloMelissaNash.com, who shares her remarkable journey from losing a multimillion-dollar business to building a completely remote rental portfolio using systems, strategy, and the power of people.
Melissa explains how she transitioned from a failed children’s manufacturing company into real estate, why she hated being an agent, and how she discovered the freedom of long-distance investing. Today she owns rentals in multiple states, manages nearly everything with simple spreadsheets, and helps other busy professionals become “lazy investors” who build wealth passively.
She breaks down the difference between long-term rentals and short-term rentals, how she ran 50+ BRRRR projects (with wins and failures), how to evaluate landlord-friendly markets, how to vet property managers using real data, and why taking the first step matters more than understanding all 20 steps ahead.
This episode is packed with mindset, strategy, and practical frameworks for new and experienced investors alike.
What You’ll Learn
- How Melissa rebuilt after a business collapse
- Why she hated being an agent (and what she learned instead)
- The eye-opening moment that made her choose real estate
- How she bought her first rental in Alabama sight unseen
- Why long-distance investing is safer than people think
- The right way to evaluate markets using landlords, not Google
- How to vet property managers using real data
- BRRRR wins & losses — and why STRs bring stress
- Building a $5M portfolio using Google Sheets
- How she helps busy professionals buy their first out-of-state rental
📍 Learn more at HelloMelissaNash.com
💡 Want to scale your REI business with AI & operations tools? Visit RealDealCrew.com
TIMESTAMPS:
00:00 – Losing a multimillion-dollar business
01:20 – Why she hated being an agent
02:40 – Real estate inspiration from her husband’s grandmother
04:30 – Getting her license & realizing she learned nothing about investing
06:00 – Searching for mentors & understanding profit centers
08:00 – The first deal: buying sight unseen in Alabama
10:00 – Market selection: landlord-friendly + growth + people
12:00 – Real estate is a people business
14:00 – How she vets property managers with real data
16:00 – Asking the right questions (not leasing fees!)
19:00 – The real obstacle for new investors: money
20:00 – BRRRRs vs turnkey vs long-term wealth
22:00 – Creative ways she funded new deals
23:00 – Inside her portfolio: long-term + STR mix
25:00 – Why she stopped expanding STRs
28:00 – Tools & systems: Google Sheets + PriceLabs
30:00 – Coaching investors to take their first step
33:00 – Rapid Fire: lies, advice, books & tools
#RealEstateInvesting #LongDistanceInvesting #MelissaNash #PassiveIncome #LazyInvestor #BRRRRStrategy #TurnkeyInvesting #RealDealChat #OutOfStateInvesting #RentalProperties #FinancialFreedom
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