In this episode of Living Off Rentals, we’re joined by Henry Russell—a Navy veteran, entrepreneur, and multifamily real estate investor with over 15 years of experience.

Henry Russell attended the U.S. Naval Academy and went on to complete multiple combat tours in Iraq as a Naval officer. After leaving the Navy, he returned to Baltimore, where he founded a construction company, a property management company, and, in 2020, launched RFC Capital, a veteran-owned investment firm based in San Diego.

RFC Capital specializes in a unique and impactful strategy: converting underutilized carports and garages into affordable rental units. This creative approach not only delivers strong returns for investors but also helps address San Diego’s growing affordable housing crisis.

Listen to hear about Henry’s unique strategy and how to add tons of value to garage spaces by turning them into livable apartments.

Enjoy the show!

Key Takeaways:

[00:00] Introducing Henry Russell and his background

[03:17] His transition from the Navy to real estate investing

[05:04] Different ways to start in real estate investing

[13:45] Partnership to build a strong real estate resume

[16:34] Henry's strategy for success

[20:15] Converting garages to apartment units

[24:21] Defensive strategy to buy real estate

[30:01] Doubling the rental income by renovating existing units

[39:30] The Ideal type of investor Henry works with

[43:21] His advice for first-time investors

[46:55] Connect with Henry Russell

Guest Links:

Website: https://rfccap.com/

Show Links:

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – https://www.livingoffrentals.com/

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals