Ready to Retire Early in My Mid-40s with JUST 6 Rental Properties! | Bigger Pockets Video
Episode #1123
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Want to retire early? You don’t need millions of dollars in stocks, retirement accounts, or cash to do it. You might just need a handful of rental properties. Today’s guest, Paul Novak, only started investing four years ago in 2021, but he’s already nearly at his early retirement goal through rental property investing. He may only need one or two more rentals to fully retire in his mid-40s. Want to trim twenty years off of your working career? Follow Paul’s plan!
After realizing that stock investing could only get him to retirement so fast, Paul knew he needed a better path to early retirement. He thought real estate could be the answer. The problem? This was 2021, where every house was going over asking and competition was steep. He finally got a deal done after previous ones fell through and found he was already making 10 times more money than his stocks were giving him. It became a no-brainer to repeat the strategy.
Fast forward to 2025, Paul has five rentals, with seven units in total, and he’s nearly at his cash flow goal to retire from his job. He did it all through some very creative rental financing. One more rental could unlock the holy grail: early retirement, time freedom, and plenty of passive income. And this is just four years into his investing journey!
0:00 - Intro
1:39 - Stock Investing Takes TOO Long!
4:07 - Current W2 and Early Retirement Plans?
4:54 - Crazy Cash Flow (First Rental!)
9:10 - Managing the Rental
10:37 - Sponsor: Ignite Funding!
11:24 - Run Your Numbers Like THIS
16:31 - More Rentals through 401(k) Loans
19:17 - Financing for Rentals
20:38 - Retire in 10 Years!?
