Reaching financial freedom in ten years or less with a small real estate portfolio!? While it might seem like a lofty goal, it’s very doable when you maximize your cash flow and play the long game. If “the lazy investor” can do it, so can YOU!
Welcome back to the Real Estate Rookie podcast! When Dion McNeeley reached early retirement in 2022, he was raking in $200,000 per year from just sixteen units. Now, he’s using his newfound financial independence, knowledge, and resources to take a few more risks with his real estate investments. For his latest deal, he used the buy, rehab, rent, refinance, repeat (BRRRR) method on a house hack that generates enough cash flow to fund his travels!
It all sounds very impressive, but how on earth did he get there? In this episode, Dion shares some of the secrets and strategies that allowed him to go from $89,000 in debt to financially free within a decade. He talks about building a buy box that features a blend of market data and home attributes, as well as finding deals on the multiple listing service (MLS) that other buyers overlook. He even discusses an ingenious strategy that will have your tenants ASKING you to raise rents!
In This Episode We Cover:
How to reach financial freedom in ten years or less with real estate
Finding deals on the multiple listing service (MLS) that other investors miss
Why you should stick with ONE investing strategy for the long haul
The MOST important metric to include in your buy box
How to get tenants to ASK you to raise rents with the “binder strategy”
Why house hacking is the easiest way to start real estate investing
And So Much More!
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The Lazy Person’s Guide to Financial Freedom in Less Than 10 Years with Dion McNeeley
How to Use Public Data to Find Real Estate Deals That 99% of Investors Miss
Try the "Binder Strategy" Yourself
Grab Your Copy of “One Rental at a Time”
Connect with Dion:
Dion's BiggerPockets Profile
Dion's Facebook
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Dion's Website
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-369
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