BiggerPockets Real Estate Podcast

Financial Freedom in 11 Years Thanks to This “Perfect” Rental Strategy

46 snips
Mar 10, 2025
Join Jon Kessler, a real estate investor from Baltimore, who achieved financial freedom in just 11 years using the BRRRR strategy. He reveals how he got paid $50,000 to buy his first cash-flowing rental property and how he repeated this success multiple times. Jon shares his transformation from being an accidental landlord with a negative equity home to building a robust rental portfolio while juggling a full-time job and family life. Tune in to learn about the 'perfect BRRRR' strategy and the importance of adaptability in real estate investing!
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ANECDOTE

Accidental Landlord

  • Jon Kessler's first investment property was his primary residence, which he turned into a rental due to the 2008 market crash.
  • Underwater on the mortgage, he rented it out to avoid losing his down payment.
ANECDOTE

Market Crash Impact

  • Jon bought his first house in 2006 for $150,000 with 100% financing.
  • Two years later, its value dropped to $90,000, leaving him $60,000 underwater.
ADVICE

Real Estate Education

  • Educate yourself about real estate investing to learn strategies and best practices.
  • BiggerPockets podcast can provide valuable insights and information.
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