Journey to Financial Independence through Real Estate Meetups

Franklin discusses setting his financial independence number using the 4% rule, shares motivations for investment, and explores out-of-state opportunities in real estate. The chapter includes a sponsor ad and the experience of finding a business partner at local meetups with highlights on curiosity, passion, and energy.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Reaching financial independence and becoming a millionaire before the age of thirty?! While this path requires several years of ruthless saving, smart investing, and unwavering discipline, there’s no reason why YOU can’t enjoy financial freedom and attain the lifestyle you want!

Shortly after graduating from college with over $50,000 in student loans, Franklin Zheng found himself working a grueling, eighty-hour-per-week factory job. Fortunately, it was also around this time that he discovered BiggerPocketsand decided to try his hand at real estate investing. He started attending local meetups, where he learned that simply getting in the same room with other investors presented all kinds of opportunities. It wasn’t long before Franklin had found his future investing partner, and in just FIVE years, he has built a cash-flowing real estate portfolio of thirty-eight units, as well as a business that has allowed him to leave his W2 job and travel the world!

In this episode of the BiggerPockets Money podcast, you’ll get a glimpse of what it takes to achieve financial independence and amass a one-million-dollar net worth. Make no mistake—it’s not easy. Franklin will be the first to tell you that the last five years have been filled with all kinds of successes, challenges, and failures. But if he can do it, YOU can, too!

In This Episode We Cover

How Franklin reached financial independence by thirty in just FIVE years

What you MUST know before investing in commercial real estate

Fast-tracking your real estate journey through the power of local meetups

How to start a real estate business that allows you to leave your W2 job

The secret to forming successful real estate investing partnerships

How to defer capital gains tax on your rental property with a 1031 exchange

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding