764: Making $200K/Year in JUST 3 Years with This High-Cash Flow Strategy w/Brittany Swait
BiggerPockets Real Estate Podcast
The Decision to Leap Into Real Estate
"We just didn't know. We ended up reading Rich Dad Poor Dad and that lit the fire under both of us," she says. "I said, we have to buy this property. And so to me, it was a no brainer."
For real estate investors, passive income is almost always the goal. You may be making good money at your job, but the long days, longer nights, lack of sleep, and limited time off is probably leaving you feeling fatigued. This is exactly how Brittany Swait felt after a severe diagnosis put her life in danger. She was working harder than ever, but the time with her family was slowly slipping away. That was until she started investing.
Brittany was able to build a fifty-nine-unit rental property portfolio in just three years. These properties bring in a staggering $200,000 per year passive paycheck, allowing Brittany to focus on her family, not take tasks from a boss. But this portfolio wasn’t easy to build, even though it happened quickly. Brittany had to learn the BRRRR method, take considerable risks (like draining her retirement accounts), and put herself in an entirely new position.
Now, just a few years later, Brittany is building her rental property portfolio at a fast pace, but she loves every minute of it. In this episode, she’ll walk through the exact strategy she uses to make such high cash flow, her five tips for remodeling and renovating that will save you TONS of time, and how she’s been able to pull her cash out of the deals she’s doing. If you want to scale your real estate portfolio, Brittany is the person to listen to.
In This Episode We Cover:
The one skill that allowed Brittany to scale from zero to fifty-nine rentals in three years
Medium-term rental investing and how to triple your rent with one strategic move
Using Facebook to find off-market deals and the one factor that matters MUCH more than you’d think
How to estimate rehab costs and five tips you MUST follow when doing a renovation
BRRRRing in 2023 and how to get around the one-year seasoning requirement for a cash-out refinance
Being more than your job and how to build a life that YOU are in control of
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Hear Our Episode with Rick Morin on Making $300K/Year with 11 Rental Properties
Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties
Book Mentioned in the Show:
BRRRR by David Greene
Connect with Brittany:
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-764
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
The AI-powered Podcast Player
