Nearing Financial Independence with ONE “Luxury” Rental Property | Bigger Pockets Video
Episode #545
Manage Your Rental with RentRedi! Collect Mobile Rent Payments, Find Qualified Renters, and Manage Accounting and Maintenance from Anywhere!
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Seeing investors with hundreds of rental units can be intimidating, but you DON’T need a massive real estate portfolio to achieve your financial goals. As you’re about to hear, buying just one rental property could allow you to live rent-free and put you on the path toward financial independence!
Welcome back to the “Real Estate Rookie” podcast! From a young age, Ronny Heredia knew he wanted to achieve financial independence, but there had to be a better way than grinding away at a W2 job for 40-plus years. Naturally, he started investing in stocks, but before long, his curiosity had led him to real estate investing. He consumed as much information as he could, saved up some money for a down payment, and purchased his first property—a “luxury” house hack that covers his entire mortgage payment each month!
Now, Ronny has (good) problems on his hands. Should he pay off his mortgage or buy more rentals? We’ll explore all his options in today’s episode. But that’s not all. Ronny will also share some of the real estate investing hacks he’s picked up along the way—like the easiest way to raise rent (and keep your tenants happy) and how to use 100%-free AI tools to find the best real estate deals in your market!
00:00 Intro
00:55 Chasing Financial Independence
05:38 Living Rent-Free
08:14 The EASY Way to Raise Rent
10:48 Finding Deals with AI
20:37 The Power of Networking
22:40 Paying Off Mortgage vs. Scaling
32:24 Connect with Ronny!
