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Updated 2 months ago on . Most recent reply

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Kyle Shipley
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New and eager to learn how to start and scale a RE portfolio

Kyle Shipley
Posted

I will keep this very short and sweet. I am a 37 year old high school basketball coach that is not very happy with where I am financially and am seeking a way out of living paycheck to paycheck. I have listened to the BiggerPockets podcast for sometime now but have never taken any action, hoping to change that very soon. I am very new and am open to any and all suggestions/help. 

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Nicholas L.
#3 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
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Nicholas L.
#3 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Kyle Shipley

can you house hack?

i wish i had better news for you but it's probably not feasible in the short term to replace your W2 income with rental income.  on a recent podcast Dave and Henry Washington talked about 10-15 years being a potential timeframe.  high interest rates have hurt cash flow and long term rentals are still a great investment... they're just not going to throw off rental income in the first few years of ownership.

  • Nicholas L.