From $0 to Financially Independent in 3.5 Years!
I started real estate investing 3.5 years ago with no money, after listening to Bigger Pockets and learning about Hard Money Lenders, Private Lenders, etc. I had a career in Finance that covered our living expenses, so we didn't have to use any real estate income to live off of. For my first flip, I used a HML that funded 100% of the purchase and rehab, and leveraged a credit card for closing costs, etc.
My model from day 1 has been to flip single-family houses (including a lot of singlewides and doublewides on land) and buy-and-hold multi-family. I use property managers for my apartments, and contractors for my flips. My pure passive cash flow from my apartment rentals has recently surpassed our living expenses, so I quit my 6-figure Finance career to do REI full-time. I am currently flipping 9 houses (no partners or employees), and my rental portfolio is made up of:
8-Unit - 100% Ownership
16-Unit - 50% Ownership
20-Unit - 65% Ownership
15-Unit - 100% Ownership (pending to buy this one next week)
I just want to say thank you to BP for the life-changing content that has changed the trajectory of my family's lives. I wouldn't have known it was possible otherwise.
If I can do it, you can too!
P.S. If you're attending BPCON in Orlando this year, hit me up!
Most Popular Reply
@Jason Velie Awesome story, congratulations. I'll be at BPCON, hopefully we can meet up!