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369: Financial Freedom in 10 Years and $200K Cash Flow with a Small Portfolio w/Dion McNeeley

369: Financial Freedom in 10 Years and $200K Cash Flow with a Small Portfolio w/Dion McNeeley

FromReal Estate Rookie


369: Financial Freedom in 10 Years and $200K Cash Flow with a Small Portfolio w/Dion McNeeley

FromReal Estate Rookie

ratings:
Length:
54 minutes
Released:
Feb 19, 2024
Format:
Podcast episode

Description

Reaching financial freedom in ten years or less with a small real estate portfolio!? While it might seem like a lofty goal, it’s very doable when you maximize your cash flow and play the long game. If “the lazy investor” can do it, so can YOU! 
Welcome back to the Real Estate Rookie podcast! When Dion McNeeley reached early retirement in 2022, he was raking in $200,000 per year from just sixteen units. Now, he’s using his newfound financial independence, knowledge, and resources to take a few more risks with his real estate investments. For his latest deal, he used the buy, rehab, rent, refinance, repeat (BRRRR) method on a house hack that generates enough cash flow to fund his travels!
It all sounds very impressive, but how on earth did he get there? In this episode, Dion shares some of the secrets and strategies that allowed him to go from $89,000 in debt to financially free within a decade. He talks about building a buy box that features a blend of market data and home attributes, as well as finding deals on the multiple listing service (MLS) that other buyers overlook. He even discusses an ingenious strategy that will have your tenants ASKING you to raise rents!
In This Episode We Cover
How to reach financial freedom in ten years or less with real estate
Finding deals on the multiple listing service (MLS) that other investors miss
Why you should stick with ONE investing strategy for the long haul
The MOST important metric to include in your buy box
How to get tenants to ASK you to raise rents with the “binder strategy”
Why house hacking is the easiest way to start real estate investing
And So Much More!

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-369
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Released:
Feb 19, 2024
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.