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123: Carefully Crafting Financial Independence Through Passive Income with Avery Heilbron

123: Carefully Crafting Financial Independence Through Passive Income with Avery Heilbron

FromBiggerPockets Money Podcast


123: Carefully Crafting Financial Independence Through Passive Income with Avery Heilbron

FromBiggerPockets Money Podcast

ratings:
Length:
64 minutes
Released:
May 4, 2020
Format:
Podcast episode

Description

Joining us today is Avery Heilbron, a listener on his way to financial independence through real estate investing. But Avery isn’t going all out and buying up every property as fast as he can. He’s making calculated purchases that allow him to live for free - and also cashflow while he’s there even though he lives in a high cost of living area. Once he moves out, that cashflow increases even more!Avery is also thinking ahead, and mitigating his risk of non-payment of rent by using the Section 8 rental assistance program to help guarantee rent payments. Oh, and Avery is 25. He went to college on a soccer scholarship, worked through school, studied hard and graduated with ZERO student loans and a great job.Do you have high school or college students in your life? This episode can help give them direction and encouragement that a little careful thought can have a HUGE impact on your future financial situation.In This Episode We Cover:How he purchased a property that was originally listed for $800k in January of 2020 for less than $700k Avery's journey with moneyHow he discover financial freedomTalking about FHA loan and why it is so unattractive to sellersHis plans to achieve financial independenceTalking about his rental propertiesHis philosophy on reservesWhat Section 8 program isOn house hackingHis side hustleAnd SO much more!Links:BiggerPockets ForumsShould I charge my Girlfriend rent?Real Estate Rookie Facebook GroupBiggerPockets Money Facebook GroupThe Official BiggerPocket Facebook GroupBiggerPockets Podcast 356Check the full show notes: http://biggerpockets.com/moneyshow123See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
May 4, 2020
Format:
Podcast episode

Titles in the series (100)

For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.