Reaching financial freedom in ten years or less with a small real estate portfolio!? While it might seem like a lofty goal, it’s very doable when you maximize your cash flow and play the long game. If “the lazy investor” can do it, so can YOU!
Welcome back to the Real Estate Rookie podcast! When Dion McNeeley reached early retirement in 2022, he was raking in $200,000 per year from just sixteen units. Now, he’s using his newfound financial independence, knowledge, and resources to take a few more risks with his real estate investments. For his latest deal, he used the buy, rehab, rent, refinance, repeat (BRRRR) method on a house hack that generates enough cash flow to fund his travels!
It all sounds very impressive, but how on earth did he get there? In this episode, Dion shares some of the secrets and strategies that allowed him to go from $89,000 in debt to financially free within a decade. He talks about building a buy box that features a blend of market data and home attributes, as well as finding deals on the multiple listing service (MLS) that other buyers overlook. He even discusses an ingenious strategy that will have your tenants ASKING you to raise rents!
Ashley:
This is show number 369.
Ashley:
Today, we are going to be talking to someone who is not just a rookie, but has some great advice for rookie listeners. So father of three, 10 years to financial freedom and how it is possible for you. We’re also going to get an update to the binder strategy. So maybe you guys have heard this guest before on the BiggerPockets’ Real Estate Show, and we are going to get some updates as to how it is achievable for you to do this to get the best rents that the tenant picks. I’m Ashley, and he’s Tony.
Tony:
And welcome to the Real Estate Rookie Podcast where every week, not once, not twice, but three times a week, we’re bringing you the inspiration, motivations and stories you need to hear to kickstart your investing journey.
Tony:
Now, in today’s…