If early retirement seems out of reach right now, try semi-retirement. Once you get there, you’ll only be halfway to early retirement, just like today’s guest, Jessie Dillion. At only thirty years old, she is semi-retired and has scaled her real estate portfolio to almost two million dollars in nine months, with five properties total!
When people think about high returns, they often think about a high unit count—but why have a lot when you can do the same with a few? Jessie is strategic about each property purchase she makes and has made a goal to make one smart investment each quarter. She currently has a single-family home and two duplexes. One of her duplexes is a house hack, and her portfolio sports a mix of long-term, short-term, and mid-term tenants.
Jessie’s success is due to how responsible she is with her finances. To finance her first property, she built up her savings to ensure she had enough to cover any surprises. As Jessie continues to scale, she has gotten more creative with her financing. She has formed great relationships with her lenders because of her ability to ask questions and carefully choose where and how she gets her funding. Now she is semi-retired at thirty years old and pays a measly fifty dollars a month towards her mortgage!
In This Episode We Cover
The FIRE movement and how to start your early retirement journey today
How to use transferable skills from other jobs to make investing easier
Building trust with your spouse and getting them on board with your investing journey
Getting the funding for your first rental property and how to use creative financing for the rest
Brilliant savings tips and how to rapidly increase your savings
The loan process and how to build a strong relationship with lenders
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Ashley's Instagram
Tony's Instagram
Real Estate Rookie Facebook Group
On the Market Podcast
Jamil Damji's BiggerPockets Profile
Pace Morby's Instagram
Brittany Arnason's Instagram
Ashley Hamilton's Biggerpockets Profile
10 Deals on a $20K Waitress Salary With Ashley Hamilton
Rachel Richard's Instagram
Henry Washington's Instagram
Zillow
Furnished Finder
Craigslist
Facebook Groups
AirDNA
PriceLabs
Data.rabbu
Monday.com
Connect with Jessie:
Jessie's BiggerPockets Profile
Jessie's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-231
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