New investors are often told to avoid pricey markets and buy rental properties in more affordable areas, but today’s guest did the exact opposite. Now, he owns three duplexes that bring in $9,000 in monthly cash flow and was able to quit his corporate job much sooner than would have been possible otherwise. With his investing roadmap, you could, too!
Welcome back to the Real Estate Rookie podcast! James Kitt couldn’t see himself spending the next 40 years of his life working in a cubicle, so when the world suddenly shut down, he decided to take a stab at real estate investing. But rather than chasing below-median home prices in other areas of the country, James leaned into his own market just outside New York City. Despite having very little money saved, he found a way to buy his first rental property with just $1,000 down!
No matter your market, James will show you how to use debt to fast-track financial freedom and potentially leave your W2 job with only a few properties. You’ll also learn how to “live for free” through the power of house hacking, save a fortune with do-it-yourself (DIY) home renovations, and more!
In This Episode We Cover
How James makes $9,000 in monthly cash flow with just three properties
Fast-tracking financial freedom by investing in high-cost-of-living areas
Saving thousands of dollars with do-it-yourself (DIY) home renovations
How to wipe out your living expenses with the house hacking strategy
Several creative ways to put low money down on an investment property
How to attract your “target tenant” and lower your vacancy rates
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-632
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