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399: $80,000/Year Cash Flow & Financial Freedom with 7 Properties (in 3 Years!) w/Sarah Msuya

399: $80,000/Year Cash Flow & Financial Freedom with 7 Properties (in 3 Years!) w/Sarah Msuya

FromReal Estate Rookie


399: $80,000/Year Cash Flow & Financial Freedom with 7 Properties (in 3 Years!) w/Sarah Msuya

FromReal Estate Rookie

ratings:
Length:
40 minutes
Released:
Apr 29, 2024
Format:
Podcast episode

Description

What’s YOUR reason for investing in real estate? For today’s guest, it was to achieve financial freedom and have a flexible schedule. By focusing on education, forming partnerships, and, most importantly, taking action, she was able to quit her job and acquire seven properties in just THREE years!
Welcome back to the Real Estate Rookie podcast! Sarah Msuya was firmly entrenched in her successful banking career when life threw her a series of curveballs. After her son was born prematurely and complications caused her to miss nine months of work, Sarah knew that a traditional nine-to-five was no longer an option for her and her family. She spent the next three years learning as much as she could about real estate and building a portfolio that provides $80,000 in cash flow per year!
Like many new investors, Sarah has dabbled in several investing strategies on her journey to financial freedom—from house hacking to flipping houses and everything in between. Eventually, she was able to pin down her niche—the BRRRR method. In this episode, you’ll learn how to find the best strategy for YOU and scale your portfolio through partnerships and creative financing!

In This Episode We Cover:
How Sarah brings in $80,000 cash flow each year from seven properties
Why you DON’T need to look ten years ahead before investing in real estate
How to cover your mortgage payment with the house hacking strategy
Three property management strategies you can use for your rental property
How to scale your portfolio FAST with partnerships, creative financing, and more
FHA loan limits explained (and how to avoid a surprise at closing!)
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
Get Tips, Advice, & Support in the BiggerPockets Forums
Grab Your Copy of “Real Estate Partnerships
Real Estate Rookie 207 - Working Towards Time Freedom “In the Trees” with 3 Treehouse Rentals:
Real Estate Rookie 742 - How to Achieve Financial Freedom Through Real Estate in 4 Steps:
Connect with Sarah:
Eileen's BiggerPockets Profile
Sarah's Bigger Pockets Profile
Sarah's Facebook
Sarah's Instagram
Sarah's LinkedIn

Jump to topic:
(00:00) Intro
(00:50) HUGE Life Changes
(06:42) $80K/Year Cash Flow!
(13:31) Sarah’s First House Hack
(20:52) How to Scale FAST
(27:51) Property Management 101
(31:57) Connect with Sarah!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-399
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
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Released:
Apr 29, 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.