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809: How 1 Rental Property Saved Corey Kent’s Financial Future

809: How 1 Rental Property Saved Corey Kent’s Financial Future

FromBiggerPockets Real Estate Podcast


809: How 1 Rental Property Saved Corey Kent’s Financial Future

FromBiggerPockets Real Estate Podcast

ratings:
Length:
53 minutes
Released:
Aug 24, 2023
Format:
Podcast episode

Description

Just six years ago, Corey Kent was a broke college graduate, renting out half of a room to save money, eating the same meal every day of the week. His dream was to make a living as a musician without selling out. Now, most country music fans know Corey's name and his platinum record speaks for itself. But what you don’t know is that Corey fueled his music career thanks to a handful of properties he bought years ago.
Corey’s side project real estate portfolio allowed him to launch his music career, make passive income when times got tough, and fall on his feet when the world was shut down. Corey was looking to invest in property at just seventeen years old, but when a bank turned him away, he had to change his entire mindset and learn the personal finance game from a very early age.
After his grandfather taught him the do’s and don’ts of buying raw land, Corey slowly built his real estate portfolio. At this time, Corey was below the poverty line, sleeping in his truck and saving whatever money he could to invest. He continued to buy property, EVEN when times were tight, successfully using his passive income to help him leapfrog into later becoming a chart-topping musician who now can follow his one true passion. 
In This Episode We Cover:
Investing in real estate when you have low (or no) credit 
Buying land and the rule of thumb that Corey ALWAYS follows before he invests 
Corey’s “side project” passive real estate portfolio that helps pay for his lifestyle 
How one rental property saved Corey’s family when the lockdowns began 
Why real estate DOESN’T need to be your passion to build passive income 
And So Much More!
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Rob's YouTube
12 Ways To Make Passive Income From Real Estate Investing
The Risks and Rewards of Investing in Raw Land
Is Raw Land the Most Underrated Asset of 2023?
Connect with Corey:
Corey's Facebook
Corey's Instagram
Corey's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-809
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Released:
Aug 24, 2023
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.