After hearing this episode, you’ll have no excuse not to reach financial freedom in under a decade. Today’s guest did it in even less time, scaling up to income-replacing cash flow in just a matter of years, even with a very demanding full-time job and constantly moving around the country. Through pure hustle, Taylor Wing is now financially independent in his late twenties with a sizable rental property portfolio that spits out cash flow to pay for his South Florida lifestyle. He’s got so many tricks to reach financial freedom faster, but his best piece of advice? The number of rentals you own doesn’t matter.
Taylor was a full-time military member, serving in the Army for the first five years of his career, bouncing between North Carolina, South Dakota, and beyond. Wherever he was stationed, he began buying houses as soon as possible. That meant Taylor spent almost every hour of the day working, either at his job or on his rental property portfolio, for years straight. Was it a grind? Yes. Was it worth it? 100%.
Now, fast forward seven years after graduating from West Point, and his family is financially free. He has his beautiful house on the water in Florida and is spending more time with his new (and growing!) family. Through “rebalancing” his rental portfolio, strategically using “reverse 1031 exchanges,” and other savvy strategies, Taylor is now in complete control of his time. He’s teaching you how to do the same today!
In This Episode We Cover
Why “unit count” doesn’t matter for financial freedom, but cash flow does
Buying rentals in multiple markets and how to maximize your profit with medium-term rentals
Why every real estate investor MUST review and “rebalance” their rental portfolio (or it’ll cost them)
How to do a “reverse 1031 exchange” and move your headache rentals into better cash-flowing real estate
The $140,000 properties Taylor is buying today that make $300-$400/month cash flow!
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1147
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