Quitting Corporate with JUST 3 Rental Properties ($9,000/Month Cash Flow)

Episode #632 Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations: https://resimpli.com/biggerpockets?ut... Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?... Grab the Book, _The House Hacking Strategy_: https://store.biggerpockets.com/produ... Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-s... Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch Real Estate Rookie 630 - How to Reach Financial Freedom Faster with “Slow and Steady” Investing: https://www.biggerpockets.com/blog/ro... Connect with James: https://www.biggerpockets.com/users/j... Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/a... Tony: https://www.biggerpockets.com/users/t... New investors are often told to avoid pricey markets and buy rental properties in more affordable areas, but today’s guest did the exact opposite. Now, he owns three duplexes that bring in $9,000 in monthly cash flow and was able to quit his corporate job much sooner than would have been possible otherwise. With his investing roadmap, you could, too! Welcome back to the Real Estate Rookie podcast! James Kitt couldn’t see himself spending the next 40 years of his life working in a cubicle, so when the world suddenly shut down, he decided to take a stab at real estate investing. But rather than chasing below-median home prices in other areas of the country, James leaned into his own market just outside New York City. Despite having very little money saved, he found a way to buy his first rental property with just $1,000 down! No matter your market, James will show you how to use debt to fast-track financial freedom and potentially leave your W2 job with only a few properties. You’ll also learn how to “live for free” through the power of house hacking, save a fortune with do-it-yourself (DIY) home renovations, and more! 00:00 Intro 00:40 $9K/Month Cash Flow! 04:51 The $1,000-Down Rental 11:38 Using Debt to Scale FAST 14:26 Saving $70K with DIY Renovations 22:23 Finding Your “Target Tenant” 28:48 The FBI Raided My Property! 32:02 Trialing Other Strategies 38:23 Investing in Pricey Markets 42:57 Connect with James!