Real Estate Rookie From a $35,000 Salary to Quitting with 11 Rentals
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Aug 4, 2025 Matt Krueger, a real estate investor who transformed his life by going from a $35,000 salary to quitting his job with 11 rental properties, shares his inspiring journey. He discusses how he broke through financial barriers through house hacking and leveraging short-term rentals. Matt reveals clever hacks to reduce down payments and closing costs that helped him secure his first property at just $2,500. He emphasizes the importance of networking and reinvesting cash flow to build wealth, showing that anyone can achieve financial freedom with the right mindset.
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Starting from a $35K Salary
- Matt Krueger started with a $35,000 salary working a dead-end job selling phones to support his young family.
- He and his wife bought a fixer-upper as their first home while preparing for their first baby.
Inspired by In-Laws' Success
- Matt was inspired by his in-laws who retired early through real estate investing.
- Their example motivated him to pursue rental properties to improve his family's future.
Lower Down Payment Hacks
- To lower upfront costs, find lenders offering first-time homebuyer credits and ask sellers to cover some closing costs.
- Matt bought his first home for $92,000 with only $2,500 out of pocket by negotiating seller-paid closing costs.