Can real estate investing still propel you to financial independence in 2024? Despite starting with very little money or know-how, this investor found creative ways to build a real estate portfolio of five rental properties and reach his financial goals!
Kadeem Leslie was just fifteen years old when he learned about FIRE (financial independence retire early) and set a lofty goal of retiring by thirty. He knew that real estate would need to be part of his journey, but like many new investors, he had very little money to start. So, he used the Airbnb arbitrage strategy, sleeping on his couch while guests rented his bedroom. In the first month, he covered his rent, and by the third month, he had already doubled his rental income. With proof of concept, Kadeem started renting out virtually any space he could find—from podcast studios to parking spaces—giving him money to buy his own rentals!
Today, Kadeem is financially free, but he has used several strategies and side hustles to get there. In this episode, you’ll learn how to combine real estate investing and other revenue streams to fast-track your portfolio. You’ll also learn why the one-percent rule is still possible in today’s housing market and why finding a top real estate agent is the key to uncovering a great deal!
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In This Episode We Cover:
How Kadeem was able to achieve financial freedom with real estate investing
FIRE (financial independence retire early) explained and how to achieve it
How to use rental arbitrage as a stepping stone toward property ownership
Creating additional revenue streams to help build your real estate portfolio
Why working with a top real estate agent is crucial for finding deals in today’s market
How to achieve the one-percent rule with the house hacking strategy
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Ask Your Question on the BiggerPockets Forums
Get 10% Off Any BiggerPockets Book with Code “Ashley” or “Tony”
Buy “The Book on Rental Property Investing”
Find an Investor-Friendly Agent in Your Area
See Ashley and Tony at BPCON2024 in Cancun!
Airbnb Arbitrage: How to Make Money Without Owning Property
Kadeem’s Instagram
Airbnb
PadSplit
Peerspace
Neighbor
(00:00) intro
(00:57) The Journey to FIRE
(03:53) Rental Arbitrage 101
(12:41) Building Income Streams
(20:47) Current Portfolio & Partnerships
(24:54) Kadeem’s Most Recent Deal
(30:34) Advice for New Investors
(34:46) Connect with Kadeem!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-455
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