BiggerPockets | How to Replace Your W2 Income with Rental Properties in Just 3 Years @biggerpockets | Uploaded July 2024 | Updated October 2024, 11 hours ago.
Episode #996
Episode Show Notes: link.chtbl.com/BPRE
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See Henry at BPCON2024 in Cancun!
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4 Serious Points to Consider Before Quitting Your Miserable Job to Invest:
biggerpockets.com/blog/before-you-quit-consider-this?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Grant:
biggerpockets.com/users/grantf1?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Henry:
biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none
Can rental properties replace your W2 income, lead you to financial freedom, and help you build multimillion-dollar wealth in the process? Yes, and Grant Francke is proof you can do it in a few years or less. After the burnout of forty-eight-hour shifts as a railroad conductor (yes, you read that right) left him searching for an escape, Grant stumbled upon real estate investing and the "BiggerPockets Real Estate" podcast. Within three years, he built up enough cash flow to quit his job and never looked back.
In today’s show, Grant walks through the “boring,” stable, and safe rental property investments that have led him to complete financial freedom. He’ll touch on the first duplex he bought, why Grant prefers multifamily real estate to single-family homes, reverse-engineering your financial freedom to calculate HOW many rentals you need, and the sacrifices he had to make to get there.
If you’re tired of missing out on time with your family, children, or friends and want to start living life on YOUR schedule while making MORE money than you would at your job, this is the place to start!
00:00 Intro
02:02 48 Hour Shifts!?
03:17 Replacing His Salary
10:21 Quitting and Buying First Rentals
17:33 Current Portfolio and Financing
21:19 Real Deal Review
24:37 Scaling with “Controlled Growth”
30:39 Replace YOUR W2
Episode #996
Episode Show Notes: link.chtbl.com/BPRE
Join BiggerPockets for FREE 👇
biggerpockets.com/signup?utm_source=owned_media
Grab Your Copy of “Rich Dad Poor Dad”:
store.biggerpockets.com/products/rich-dad-poor-dad?utm_source=youtube&utm_medium=description&utm_campaign=none
Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
See Henry at BPCON2024 in Cancun!
biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none
4 Serious Points to Consider Before Quitting Your Miserable Job to Invest:
biggerpockets.com/blog/before-you-quit-consider-this?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Grant:
biggerpockets.com/users/grantf1?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Henry:
biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none
Can rental properties replace your W2 income, lead you to financial freedom, and help you build multimillion-dollar wealth in the process? Yes, and Grant Francke is proof you can do it in a few years or less. After the burnout of forty-eight-hour shifts as a railroad conductor (yes, you read that right) left him searching for an escape, Grant stumbled upon real estate investing and the "BiggerPockets Real Estate" podcast. Within three years, he built up enough cash flow to quit his job and never looked back.
In today’s show, Grant walks through the “boring,” stable, and safe rental property investments that have led him to complete financial freedom. He’ll touch on the first duplex he bought, why Grant prefers multifamily real estate to single-family homes, reverse-engineering your financial freedom to calculate HOW many rentals you need, and the sacrifices he had to make to get there.
If you’re tired of missing out on time with your family, children, or friends and want to start living life on YOUR schedule while making MORE money than you would at your job, this is the place to start!
00:00 Intro
02:02 48 Hour Shifts!?
03:17 Replacing His Salary
10:21 Quitting and Buying First Rentals
17:33 Current Portfolio and Financing
21:19 Real Deal Review
24:37 Scaling with “Controlled Growth”
30:39 Replace YOUR W2
