How To Quit Your Job With Rentals (7 Steps To Financial Freedom) | Bigger Pockets Video

Episode #606

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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!

00:00 Intro
00:36 The Secret to Scaling Faster
01:25 Step 1. Define Your Baseline
05:43 Step 2. Add Your “Lifestyle Cushion”
13:16 Step 3. Confirm Your Freedom Number
15:01 Sponsor: TurboTenant!
15:42 Step 4. Choose Your Strategy
25:42 Step 5. Pick a Cash Flow Target
29:12 Step 6. Create an Acquisition Timeline
34:49 Step 7. Calculate Variable Expenses
40:56 Reach Your Freedom Number!