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Updated over 4 years ago,

User Stats

114
Posts
110
Votes
Dion McNeeley
Pro Member
  • Rental Property Investor
  • Tacoma, WA
110
Votes |
114
Posts

From one deal to freedom.

Dion McNeeley
Pro Member
  • Rental Property Investor
  • Tacoma, WA
Posted
It starts with one.

I started out by moving into an apartment and renting out my house. I wanted to see if I could handle being a landlord, single parent with three kids and working full time. 

Once I decided I could handle it I purchased a duplex, moved into one side and rented out the other. It started slow, but every couple of years I got another place. 

Financial freedom happened at 7 units. I am at 11 now and hunting for the next deal. I still work because I love what I do but life is a lot more interesting since work became optional. 

I was tired of losing sources of income, after Desert Storm the Marines down sized, in 2008 the recession caused me to get laid off from the police department. I found BiggerPockets and decided rental income was the way for me to have control over my income. It took me 8 years to go from 89k in bad debt to bad debt free and financially independent. 

I post a lot in the Official BiggerPockets group on Facebook. I am still learning but love to share what I have figured out so far. 

It isn't always easy. My first tenant was a close friend who was the worst (and only bad) tenant I have ever had. I almost quit over it. Luckily the market was down and I couldn't give the house away. I tried to. 

If you are having a hard time, reach out to this community and you may be surprised how many of us are here who like to help. 

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