A Playbook to Building Wealth Through Rental Properties
Rich Spence loved Monopoly. Saturday nights in his basement, Leafs on the television, friends arguing over trades. That same game became the lens through which he built a real-estate portfolio spanning rental homes and multi-unit apartment buildings.
A wise RE/MAX broker who owned thousands of properties gave Rich a philosophy he never forgot: “Buy rentals on Baltic, live on St. James, and vacation on Boardwalk.”
That single insight shapes this entire book. It strips away the intimidation of real estate investing and replaces it with a clear, repeatable system anyone can follow.
BALTIC
Mid-to-lower-priced markets deliver the strongest cash flow, highest cap rates, and best return on investment. You don’t need Boardwalk to build wealth.
ST. JAMES
Live within your means. A comfortable, quality life that doesn’t cause financial stress. Let your portfolio pay for the upgrades over time.
BOARDWALK
Vegas, Italy, New York, Mexico. Let your cash-flowing properties fund unforgettable experiences for you and your family. That’s the real win.
How to identify cash-flow-positive properties near you and in other cities. Rich’s step-by-step method for analyzing a market without leaving your couch.
Equity take-outs, the BRRRR strategy, and how to use tax-free debt to fund your next purchase without draining your savings.
Cash flow, cap rates, the 100% Carry Rule, and equity appreciation explained in plain language. Know exactly how to evaluate any deal.
The process Rich wishes he had followed from day one. How to screen, select, and manage tenants so you sleep well at night.
Why Rich is a committed buy-and-hold investor and why selling a rental cost him an estimated $400,000 in a single emotional decision.
Understand capital gains, why debt is not income, and how to structure your portfolio to minimize your tax burden legally.
The same effort that buys a single unit can buy a 24-unit apartment. Rich shows you how to scale your thinking without scaling your stress.
At 8% of rent collected, a property manager is the best investment you’ll ever make. Learn how to delegate without losing control.
