Episode Details

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

Episode 369 Published 2 years, 4 months ago

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!

Links from the Show

Find an Agent

Find a Lender

Ashley's BiggerPockets Profile