Growing to $8,000 in monthly cash flow and 35 rental units—all while working a W2 job?! Just two years ago, today’s guest knew nothing about real estate investing. But he found a deal and brought it to someone with money, and this single move launched his investing journey. Want to do the same, starting from zero? Then you don’t want to miss this one!
Welcome back to the Real Estate Rookie podcast! Luke Tetreault was miserable at his W2 job. When he had finally reached his breaking point, he decided to take a swing at real estate—and at first, it wasn’t pretty. Without any investing knowledge or experience, Luke found his first property on Facebook Marketplace and didn’t even have the money to close it himself. So, he reached out to an old contact, who ended up funding the deal. Over time, he grew his network until he had contractors and private money lenders for all his deals!
He started with a single-family home, but his most recent deal? An 18-unit mobile home park he bought with creative financing. Stick around as Luke teaches you how to find off-market deals no one’s looking for, use your everyday hobbies to build out your investing team, and scale your portfolio starting with little to no cash!
In This Episode We Cover
How Luke scaled to $8,000 in monthly cash flow and 35 units (in TWO years)
Boosting your cash flow by pivoting to another investing strategy
Buying an 18-unit mobile home park with zero money out of pocket
Creative ways to find off-market real estate deals at a deep discount
Two signs you’re ready to leave your W2 job for real estate investing
Leveraging your own hobbies and passions to build your investing team
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-554
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