Real Wealth Show: Real Estate Investing Podcast

How to Leave Your W-2 Through Real Estate Investing with Grace Gudenkauf

4 snips
Mar 14, 2025
In this engaging discussion, Grace Gudenkauf, a savvy real estate investor and co-author of 'The Self-Managing Landlord', shares her journey to financial independence in her twenties. She reveals how she started with house hacking and the importance of seeking mentorship. Grace delves into her transformative experiences with the BRRRR strategy and discusses the significance of automating tenant management. Her tips on building a support team and maintaining boundaries with tenants provide invaluable insights for aspiring young investors.
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ANECDOTE

Origin Story

  • Grace Gudenkauf's real estate journey began in college, inspired by her boyfriend's flip.
  • During COVID, they DIY-renovated a cheap house, doubling their budget and timeline.
ADVICE

Funding Early Deals

  • Start with smaller investments, using private money or creative financing.
  • Scale gradually by reinvesting profits from successful deals.
INSIGHT

Market Advantages

  • Investing in lower-cost markets like Iowa offers a lower barrier to entry.
  • While requiring more properties to achieve the same portfolio value, it also carries less risk.
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