Episode #1135
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Five rental properties are all you need to change your life. This income alone could cover all your bills, allowing your entire paycheck to go toward investing as you're fast-tracked to financial freedom and early retirement. Even if you’ve got a demanding job with long hours and limited free time, investing in real estate is STILL the right move. Today’s guest was able to utilize her (very limited) downtime to build a rental portfolio of six units, all while managing her hectic day job. Now, she’s in a great position to retire early and is even eyeing her dream retirement house as we speak.
Jessica Cruel is editor-in-chief at Allure & SELF, but before the big title, she was living in expensive Newark, New Jersey, looking to invest in real estate while making less than six figures a year. After watching her ex-boyfriend successfully do a real estate deal, she thought, “If he can do it, I can do it better.” So, she bought a rental with multiple units but a sizable renovation checklist. It took her two years to turn it around, but now, she’s cashing the checks that will fund her early retirement.
Six years later, Jessica has a six-unit portfolio, with enough income to cover her bills and a hunger to build her small, slow-but-steady, financial freedom-enabling real estate portfolio. If she can do it in her pricey area, why can’t you?
0:00 Intro
1:54 Buying a “Revenge Rental”
5:43 Investing with a Demanding Job
7:40 5 Rentals Before 40!
12:16 Sponsor: Baselane!
13:13 1st Deal, 1st Disaster
20:27 3 More Units (BIG Tradeoffs)
29:21 Current Portfolio and Future Plans
32:52 Buy Your Retirement Rental NOW!
35:23 Start Small, Go Slow!