Episode #572
Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus!
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Want to invest in real estate but fear you donāt have the time or energy? You DONāT need to quit your day job to build a cash-flowing real estate portfolio, and todayās guest is proof. In just two years, he scaled to six rentals (12 units) while holding down his nine-to-fiveāall thanks to a strategy that stretches your money further than you thought possible!
Welcome back to the āReal Estate Rookieā podcast! After immigrating to the US, Hoai Nguyen took the traditional path of college, career, marriage, and children. But when he realized heād be stuck in the rat race until normal retirement age, he went looking for a better way to build wealthāand found it in real estate. Starting with just $40,000, he used the BRRRR method (buy, rehab, rent, refinance, repeat) to buy six rental properties in only two years!
Despite Hoaiās rapid success, the journey hasnāt been easy. In fact, his first few properties gave him his fair share of headaches, from leaks to lawsuits. But by taking action, learning through experience, and staying consistent, he gained the confidence to keep buying rental properties. Tune in and heāll show you how to do the same!