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Real Estate Strategies to Replace Income
Exploring ways to replace traditional income with real estate strategies like rental cash flow, house hacking, and fixing flips. The chapter emphasizes the importance of building equity for sustainable cash flow and provides insights on transitioning from a W-2 income to passive rental income.
Ready to escape the rat race and leave your nine-to-five behind? You’re tired of the early mornings, late nights, alarm clocks, and commuting. You want to go out on your own, create your own destiny, gain autonomy, and control your schedule. Can real estate help you get there? Definitely, but it won’t be the way you think. Those popular flipping shows on TV and influencer Instagram feeds love to show how easy and fun it is to be a full-time real estate investor. But is this reality?
Today, we’re having an “escape the rat race” roundtable as Dave Meyer, David Greene, and Rob Abasolo discuss the best way to quit your job with real estate. Two of these investors are full-time real estate professionals, while one still holds their nine-to-five. In this episode, they get into the exact strategies you can use to start building wealth through real estate, create cash flow to replace your job, and determine which investments will work best for you. There’s even one strategy they ALL agree is the best way to get started.
But before you hand in your two weeks’ notice, you better listen up. The world of full-time real estate investing isn’t what it seems on the outside, and unless you’re willing to put in the work, you might as well stay at your job and invest on the side. Want to hear about the grind none of the investing gurus will tell you about? Stick around; we’re sharing it all in this episode.
In This Episode We Cover:
How to quit your nine-to-five job and start investing in real estate full-time
The easiest way to get started investing in real estate that EVERYONE should do
Active vs. passive real estate investing and whether you should flip houses or fund other people’s deals
The truth about real estate cash flow and why it WON’T solve the problems you want it to
Which personality types should invest in which assets (and the ones you should avoid)
Real estate jobs you can start NOW that will help you get into the game even faster
And So Much More!
Links from the Show
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
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Grab Dave’s Book, “Start with Strategy”
Forum Post: Which real estate strategy works best to escape the 9-5 rat race?
Hear Last Week’s Seeing Greene, “Seeing Greene: Can I Escape the Rat Race with Just $70K?”
Why you shouldn’t quit your 9-5 job to become a real estate investor
Connect with Dave:
Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-919
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Listen to the best highlights from the podcasts you love and dive into the full episode