BiggerPockets Real Estate Podcast

919: How to Use Real Estate to Quit the 9-5 Grind

9 snips
Mar 21, 2024
Learn how to escape the 9-5 grind with real estate investing as experts share strategies for building wealth, creating cash flow, and choosing the best investments. Dive into the reality of full-time real estate investing, including the challenges and hard work that come with it. Discover the benefits of house hacking, diverse investment strategies, and the importance of aligning investments with personal goals.
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ADVICE

Focus on Equity, Then Cash Flow

  • Focus on building equity in properties, then convert that equity into cash flow.
  • This offers more control than relying solely on rent increases.
INSIGHT

Equity Needed for Income Replacement

  • Replacing W-2 income requires significant equity, not just cash flow.
  • Calculate the required equity by dividing desired annual income by target cash-on-cash return.
ANECDOTE

Flipping is Another Job

  • Rob Abasolo created a video advising against prematurely quitting jobs for real estate.
  • Flipping houses is active work, not passive income, despite what some influencers claim.
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