$8,000/Month Cash Flow in Just 2 Years (While Working a W2!) | Bigger Pockets Video

Episode #554

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Growing to $8,000 in monthly cash flow and 35 rental units—all while working a W2 job?! Just two years ago, today’s guest knew nothing about real estate investing. But he found a deal and brought it to someone with money, and this single move launched his investing journey. Want to do the same, starting from zero? Then you don’t want to miss this one!

Welcome back to the “Real Estate Rookie” podcast! Luke Tetreault was miserable at his W2 job. When he had finally reached his breaking point, he decided to take a swing at real estate—and at first, it wasn’t pretty. Without any investing knowledge or experience, Luke found his first property on Facebook Marketplace and didn’t even have the money to close the deal himself. So, he reached out to an old contact, who ended up funding the deal. Over time, he grew his network until he had contractors and private money lenders for all his deals!

He started with a single-family home, but his most recent deal? An 18-unit mobile home park he bought with creative financing. Stick around as Luke teaches you how to find off-market deals no one’s looking for, use your everyday hobbies to build out your investing team, and scale your portfolio starting with little to no cash!

00:00 Intro
01:05 “Falling Back” on Real Estate
03:12 Buying the First Property
06:32 Numbers on the Deal
10:51 Pivoting for Cash Flow
15:40 The “Secret” to Scaling
21:50 The Mobile Home Park
27:58 Hiring His Mom & Fiancée
32:49 Connect with Luke!