How You Created Your Financial Independence

Taylor: I created an actionable three-year plan to replace my active army paycheck with real estate income. We're about two years into that plan, and not only were we able to replace his active duty army paycheck, but we were able to double that. Taylor: Once we get out of the service next year, I feel comfortable leaving without having to sacrifice,. But we can get out comfortably, and I can focus on starting my real estate business.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Financial freedom in two years? How can that be possible with high interest rates and higher home prices? If you’re looking at what’s on the MLS as the only deals around, you could be missing out on buying properties that could fast-track your journey to early retirement. Taylor Wing, unlike most investors, didn’t go the conventional route when building his rental property portfolio. But, walking the road less traveled has paid off significantly, as he has already found financial freedom in less time than it takes most investors to buy their first property!

Taylor’s career trajectory was cut and dry from the start. After graduating from West Point, he entered the Army and knew exactly how rankings, raises, and benefits would work from the day he started until the day he retired. This rigidity didn’t sit well with an entrepreneurial-minded, soon-to-be investor like Taylor. After his first house hack, and a very successful BRRRR, Taylor went full-throttle on investing.

Now, just two years later, he has a portfolio of over thirty rental units, a Rolodex full of private money lenders, and teams in multiple states ready to help him grow. So what sets Taylor apart from the rest? Aside from his resilience, Taylor chose to take action once he had enough information, instead of falling victim to analysis paralysis. If you follow Taylor’s advice, you too could grow a portfolio as fast as he did!

In This Episode We Cover:

Taking action, pushing past fear, and refusing to be stuck in analysis paralysis

Direct-to-seller marketing and how to find off-market real estate deals

Creative financing strategies, the subject to method, and no money down deals

Defining your “buy box” and red flags when looking for a BRRRR or rental property

Building your real estate team and the most important hire you can have

How to create an actionable plan to reach financial freedom in only a few years

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership