Episode #701
What if the life you _dream_ of is *just a few rental properties away?*
You don’t have to have it all figured out to start. Today’s guest knew close to nothing about real estate investing when he bought his first rental, but it was *one of the best decisions he could have made for his future self!*
Welcome back to the _Real Estate Rookie_ podcast! *Justin Whitted* has been cutting hair for over 20 years, and while he’s *built a thriving small business* in that time, the 55-hour workweeks are starting to take their toll. Justin’s ultimate goal? Completely *replace his business income with rental income* so he can *work fewer hours and spend more time with his family.* And as you’re about to hear, he’s well on his way!
Justin became an “accidental” landlord 16 years ago when his parents suggested he move out of his apartment and buy a duplex. That first house hack was a home-run deal, *offsetting his living expenses, giving him monthly cash flow,* and propelling him toward bigger and better deals.
With every new property, Justin *takes another step toward financial freedom,* and by following the advice he lays out in today’s episode, YOU could replicate his success!
Episode Show Notes:
https://lnk.to/realestaterookieYT
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_BiggerPockets Real Estate_ 1187 – How Much Do You Need to Invest to Replace Your Income with Rentals?:
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Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
00:28 More Time & Freedom!
06:51 The “Perfect” House Hack
10:18 “Stepping Back” from His Job
11:59 Buying a Commercial Building
21:19 $300K Profit (ONE Property!)
26:07 Costly Rookie Mistakes
31:49 Replacing His Income
33:08 Connect with Justin!