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Replacing Her HUGE W2 Salary in Just 3 Years w/ "Negative" Equity Rentals w/Kate Lynch
Description
How much passive income would you need to quit your job? How many rental properties would you have to buy? Most real estate investors think they’d need twenty, thirty, fifty, or a hundred units to finally retire with a six-figure passive income stream, but that could take decades to achieve. So, how do you do it faster? How do you build massive passive income, monstrous cash flow, and find financial independence fast? Follow Kate Lynch’s advice.
Three years ago, Kate was working…a LOT. Seventy-hour work weeks were the norm as she left the house before sunrise and returned well past sunset. Her family time was non-existent, moments with her kids were only reserved for the weekends, and her job controlled every aspect of her life. And while she was getting compensated fairly for the work she was putting in, watching her family time fly by was too much of a burden to bear. So, a rental property portfolio became the goal.
Kate bought in a completely unconventional area for her strategy, focusing entirely on cash flow, not caring much about equity, and doing whatever she could to replace her outrageous W2 income. Now, just three years later, she’s financially free, and if you follow her steps and only make a THIRD of what she’s making, you will be too!
In This Episode We Cover:
How to get off the “hamster wheel” of working a W2 job and find financial freedom
Using your retirement funds to invest in real estate (and whether or not it’s worth it)
The unconventional short-term rental markets that make HUGE cash flow
Buying homes with “negative equity” and how they can make you massive passive income
Long-term vs. short-term rentals and whether the extra cash flow is worth more work
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
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