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Episode 117: As seen on CNBC, Millennial Millionaire Todd Baldwin!
Description
At 27, Todd Baldwin is financially free on $12,000 a month net from six Seattle-area properties - house hacking duplexes with roommates paying $825 to $1,300 per bedroom, furnishing utilities and a weekly maid, turning his own home into a cash-flowing asset at $1,850 a month profit. He bought his first house with 3.5% down, gained $180,000 in equity in two years, refinanced out of PMI, and now cycles through owner-occupied purchases every 12 months to minimize down payments while scaling bedroom rentals and two Airbnb units that pull $3,000 to $6,000 monthly in peak season.
The episode covers Todd's path from a $3-an-hour job shoveling manure at 12 to millionaire by 25, his strategies for credit card and bank account churning, secret shopping that pays him to eat and travel (including $124 to see Star Wars and free Marriott platinum status), his $2,000 Seattle skyline graffiti mural in a garage-conversion Airbnb, plans to buy a $4 million Portland apartment building, and the CNBC feature that brought two million views in five days. He and his CPA wife share a 10-year-old Ford Focus, max out retirement accounts, and reinvest aggressively while living with roommates - prioritizing time freedom over flashy spending.
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