BiggerPockets Real Estate Podcast Financial Freedom in 6 Years by Buying Rentals with Just $6,000 Down
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May 5, 2025 Jeremy Taggart, a savvy investor and real estate agent from Pittsburgh, transformed a mere $6,000 into financial freedom in just six years. He reveals his innovative 'rinse and repeat' strategy for building a rental portfolio, even amidst setbacks like being fired from his job. Jeremy discusses house hacking, utilizing the BRRRR method to make tax-free profits, and the secrets to succeeding in Pittsburgh's cash-flowing market. His journey from humble beginnings to millionaire status offers inspiration and actionable insights for aspiring investors.
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First Property: $6K Triplex
- Jeremy bought his first property, a triplex, in 2016 with just $6,000 down using an FHA loan and seller's assist.
- He learned practical landlording early when a tenant refused to move out, giving him firsthand experience managing tenants.
House Hacking Strategy
- Use FHA loans with low down payments and seller's assists to acquire multi-unit properties affordably.
- Live in one unit to reduce living expenses and generate cash flow from the others to cover mortgage and utilities.
Rinse and Repeat House Hacks
- Repeat house hacking yearly to build your portfolio quickly by living in the property and renting out the other units.
- Use the savings and rental income to fund subsequent property purchases and scale up investments.
