414 | House FIRE | Alan Corey

Many of our listeners have tuned in to hear our guests discuss the real estate market, mortgages, and taxes as it relates to obtaining property. However, many of us on the road to FI may not realize how scaling the properties you own can actually act as a mutual fund-like portfolio. On this week's episode we are joined by our new in-house real estate expert, author, and podcaster, Alan Corey. Alan sheds light towards what expanding your real estate portfolio can look like from from a larger standpoint, and how approaching investment from a spreadsheet rather than lifestyle point of view can ultimately offer greater returns in the long run. While we know many listeners may be apprehensive to consider investing in multiple or larger real estate properties, or how this may not seem like a feasible option, this episode is available to you to educate and offer the mental framework on how to approach real estate in a way that it can be achievable!

Alan Corey:

Website: realestatemaxi.com
Podcast: Real Estate Maximalist
Book: House FIRE: How to Be a Red–Hot Real Estate Millionaire with a Wealth of Time and Money

Timestamps:

1:57 - Introduction
2:48 - The Value Of A "Door" And The Business Behind It
8:21 - Navigating The Sea Of Options
16:35 - Reducing Vacancy Impact/Maximizing Potential
23:37 - Tax Breaks
29:54 - The House FIRE Method
39:33 - Focusing On Income
49:59 - Selling 50 Doors
61:19 - Return On Hassle/Million Dollar Value Properties
67:50 - Conclusion

Resources Mentioned In Today's Episode:

More Helpful Links and Resources:

Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy
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Keep learning or start a new side hustle with one of our educational courses
Commission-Free Investing with M1 Finance