Five rental properties are all you need to change your life. This income alone could cover all your bills, allowing your entire paycheck to go toward investing as you're fast-tracked to financial freedom and early retirement. Even if you’ve got a demanding job with long hours and limited free time, investing in real estate is STILL the right move. Today’s guest was able to utilize her (very limited) downtime to build a rental portfolio of six units, all while managing her hectic day job. Now, she’s in a great position to retire early and is even eyeing her dream retirement house as we speak.
Jessica Cruel is editor-in-chief at Allure & SELF, but before the big title, she was living in expensive Newark, New Jersey, looking to invest in real estate while making less than six figures a year. After watching her ex-boyfriend successfully do a real estate deal, she thought, “If he can do it, I can do it better.” So, she bought a rental with multiple units but a sizable renovation checklist. It took her two years to turn it around, but now, she’s cashing the checks that will fund her early retirement.
Six years later, Jessica has a six-unit portfolio, with enough income to cover her bills and a hunger to build her small, slow-but-steady, financial freedom-enabling real estate portfolio. If she can do it in her pricey area, why can’t you?
In This Episode We Cover
The single best strategy for starting in real estate (it will save you a TON)
Why you DON’T need a huge real estate portfolio to retire early
How to invest in real estate even with a demanding day job
How NOT to get your AC unit stolen while you’re away (seriously)
Buy your retirement home now! How to have your dream home pay for itself
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1135
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