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A Real Estate Strategy that Helped Me Build a Six Figure Passive Income Stream

A Real Estate Strategy that Helped Me Build a Six Figure Passive Income Stream

FromFire Drill


A Real Estate Strategy that Helped Me Build a Six Figure Passive Income Stream

FromFire Drill

ratings:
Length:
40 minutes
Released:
Oct 9, 2019
Format:
Podcast episode

Description

Everyone's dream is to earn a healthy passive income every month.

Jennifer and her husband earn 6 figures every year in passive income from their real estate business. The interesting part? They follow a slightly different business model and strategy. They also spend most of their time travelling around the world with their 4 year old child.

You'll love that story.

We also chat about...

How Jennifer got started with real estate
Her property criteria
How to travel with a 4 year old
The pros and cons of renting out to disabled tenants
Her business helping out other investors

Enjoy this chat with Jennifer, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Jennifer's websites: Addicted to ROI and Agents Invest
Jennifer on Instagram
DHCS 

Key takeaways from our chat with Jennifer
1 - Getting started with real estate
Jennifer bought her first house at the age of 21 - she dropped out of college to work for a real estate company and immediately fell in love with the real estate world. Her husband worked in construction, and together they started buying houses, bit by bit. They would buy one house, live there for a year and then buy a second house. They kept switching and used the BRRR strategy (Buy, Rehab, Rent, Refinance) to get the majority of their investment back. They've bought properties mostly in Seattle, but in other states as well.
2 - Renting out to disabled tenants
What makes Jennifer's real estate strategy different is that she and her husband rent out to disabled tenants. They interact solely with a healthcare provider that helps disabled people find homes and provides them with healthcare assistants. The pros? Jennifer and her husband enjoy 35% more cashflow, no turnover and 100% occupancy at all times. The only cons are that they need to keep re educating new staff and there is usually more wear and tear on the houses. But overall, a creative and sound real estate investing strategy!
3 - How she created her ideal lifestyle
Since building a 6 figure passive income stream, Jennifer has found a new passion: helping other people build passive income streams. The real estate investing world can get lonely, and by helping others she's able to make friends, help others and build a network as well. Nowadays, she works purely on her real estate network and organises meetups - the rest of the time she and her family and travelling the world and enjoying their passive income.
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Released:
Oct 9, 2019
Format:
Podcast episode

Titles in the series (97)

Join host Julie Berninger on FIRE Drill podcast where she interviews guests with epic side hustles, real estate investors, early retirees, online business owners, and other inspiring people rocking financial independence. All things Early Retirement are broken down into simple, actionable steps for the average person. Step up your money game and renew your money philosophy with Fire Drill podcast.