Owning rentals could help you become financially free, afford you more time with family, and allow you to travel the world. Whether you’re stuck in a career you dislike or you need a more flexible job, you’re about to learn that real estate investing could be your golden ticket!
Welcome back to the Real Estate Rookie podcast! Despite earning six-figure salaries as engineers, Emily Love and her husband were stressed, exhausted, and dissatisfied at their nine-to-five jobs. So, with the goal of one day trading their W2s for financial freedom, they set out to buy their first rental property. Little did they know that ONE deal would quickly snowball into a real estate portfolio with twelve doors—allowing them to leave their engineering careers behind and replace their income with a concoction of cash flow from rentals, co-hosting, and consulting!
Do you dream of leaving your job and becoming a full-time real estate investor? You won’t want to miss this episode! Emily shares how she reverse-engineered her cost-of-living number to set clear investing goals, used the profits from her first property to build her portfolio, and created multiple streams of income in her real estate business!
In This Episode We Cover
How Emily and her husband replaced TWO six-figure salaries with real estate
Why your FIRST real estate deal is so important for achieving your investing goals
How to scale a portfolio that allows you to leave your nine-to-five job
Reverse-engineering your cost-of-living figure to find your investing strategy
How to start (and scale!) your own co-hosting business from scratch
The BEST ways to find high-quality contractors for your renovation projects
How to extract multiple income streams from your real estate business
And So Much More!
Links from the Show
Real Estate Rookie Facebook Group
Try Hospitable, The Highest-Rated Vacation Rental Software
Join BiggerPockets for FREE
Buy the Book “Start with Strategy”
Find an Investor-Friendly Agent in Your Area
See Ashley at BPCON2024 in Cancun!
Real Estate Rookie – Episode 347: How to Quit Your W2 Job and Become a Full-Time Real Estate Investor
(00:00) Intro
(00:48) Life Before Real Estate
(07:31) Current Portfolio & First Deal
(15:16) “Snowballing” with Rentals
(21:28) Leaving Her W2 Job
(26:58) Creating Other Income Streams
(34:59) How to Start Today!
(36:54) Connect with Emily!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-436
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