7 Steps to Replacing Your W2 Job with Rentals | Bigger Pockets Podcast
Do you wish you could quit your job—for good? With enough rental income, you could! The very first step is to calculate your financial freedom number, and in today’s episode, we’ll show you how to do just that. Then, we’ll give you a step-by-step roadmap for reaching it!
Welcome back to the Real Estate Rookie podcast! Whether you’re eager to hand in your two-week notice or dream of retiring with real estate, Tony and Ashley provide a simple blueprint any beginner can follow. By the end of this episode, you’ll know how much money you need to comfortably leave your nine-to-five job behind, how many rental units you’ll need to achieve your cash flow goals, and proven tactics you can use to build and scale your real estate portfolio.
But that’s not all. You’ll learn about the different ways to tap into your home equity and buy properties faster, choosing an investing strategy that supports your lifestyle and long-term goals, and the variable expenses you’ll want to account for during real estate investment analysis!
In This Episode We Cover
Seven simple steps to achieving financial freedom with rentals
How to calculate your “freedom number” (and then reach it!)
Determining how many rental units you need to quit your W2 job
How to choose the right investing strategy for your long-term goals
Variable rental expenses you can’t afford to miss when analyzing deals
The three main levers you can pull to buy rental properties faster
Four ways to tap into your equity and scale your rental portfolio
And So Much More!
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