How much passive income would you need to retire early? $60K/year? $80K/year? $100K/year? What if you could build a financially freeing passive income stream in just five years? Five years from now, you could retire early, quit your job, or keep building wealth. What would that freedom feel like?

Joe Hammel has already achieved it, using a simplistic, beginner-friendly “bread and butter” rental strategy. Today, he’s generating $115,000/year in pure cash flow from his rentals, just five years after buying his first rental. In this episode, Joe shares exactly how he grew his six-figure passive income stream and the exact blueprint you can use to replicate it.

Joe invests in a market that real estate investors used to laugh at—Detroit. However, the tables are now turning, as Detroit continues to see solid appreciation, cash flow, and affordable prices. Joe buys houses for $100,000 (yes, even today), often using the “slow BRRRR strategy”, and rents them out for well above his costs. He says out-of-state investors can do this easily as well, and he has helped dozens repeat his system.

This could be your path to achieving financial freedom in under a decade, just like Joe!

In This Episode We Cover

The “bread and butter” rentals beginners can buy to build passive income streams

Why Joe says Detroit is such a solid real estate investing market (especially now)

Using the “slow BRRRR” method to build wealth faster and increase your equity

The best rental property types to target (for beginner investors, especially!)

How to invest in affordable markets even if you live hours away

And So Much More!

Learn more about your ad choices. Visit megaphone.fm/adchoices

#318 Wil de democratische leider opstaan?

Amerika Podcast

Luisteraarsvraag: Arabische kiezer en invloed van Midden-Oostenbeleid

The AI-powered Podcast Player