BiggerPockets Money19 Apr 2024

521: Full-Time FIRE and Traveling the World…All Thanks to Rentals!

Could real estate investing help you reach financial freedom much sooner than you thought possible? Today’s guest had his world turned upside down by one tragic incident, but he was able to quit his W2 job, pivot to real estate, and fast-track his journey to FIRE!

Today, we’re chatting with technology instructor turned full-time real estate investor Keith Nugent. After a skydiving accident rendered him unable to perform his previous job duties, Keith knew he needed a new path to financial independence. Fortunately, he discovered real estate at the perfect time. Taking advantage of the fallout from the 2008 housing market crash, Keith started loading up on rental properties—often buying them for pennies on the dollar. In just twelve years, he had not only achieved his goal of thirty cash-flowing units by 2020 but also added an additionalten units to his portfolio!

Thanks to real estate, Keith now has a career that fully accommodates his disability and will allow him to retire early. In the meantime, he enjoys his newfound financial freedom by traveling the world and spending time with his FIRE-bound friends. In this episode, Keith offers practical tips on how to start investing in real estate—from choosing your market to buying your first rental property and more!

In This Episode We Cover

How Keith became a full-time real estate investor after a tragic skydiving accident

How to replace your W2 income and achieve financial freedom with real estate

Why time in the market is MORE important than timing the market

How to determine how much cash flow you need to support your retirement

Why you NEED an estate plan and how to decide who inherits your assets

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE

Mindy on BiggerPockets

Scott on BiggePockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Find an Investor-Friendly Agent in Your Area

Find Investor-Friendly Lenders

Money Podcast 330 - The Ultimate Teen Money Hack for Parents

Money Podcast 397 - Estate Planning, Wills, & What to Do NOW to Protect Your Heirs

Grab Your “Family Emergency Binder”

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-521

Learn more about your ad choices. Visit megaphone.fm/adchoices

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(790)

Aswath Damodaran: Why AI Needs $10 Trillion in Revenue to Work

In this episode of the BiggerPockets Money Podcast, Mindy Jensen and Scott Trench sit down with Professor Aswath Damodaran, one of the world’s leading experts on valuation and a professor of finance a...

15 Sep 1h 10min

How She Built a $1 Million Net Worth and Quit Her Job Before 35

Two years ago, Alex Preziosi came to the BiggerPockets Money Podcast with one big question: should she quit her W-2 job and go all-in on real estate? Fast forward to today, and she's left behind her b...

11 Sep 51min

How to Buy a Franchise: What You Need to Know Before Investing

In this episode of the BiggerPockets Money podcast, Scott Trench is joined by Alex Smereczniak of Franzy to break down how to buy a franchise, what franchises actually cost, who is best suited for fr...

8 Sep 47min

Both Own Liquor Stores. One Makes $300K. The Other Makes $2.5M. What Went Wrong?

In this episode, Ashley Kehr and Tim Delaney share their very different experiences owning and operating liquor stores, from starting a business during COVID to buying an existing store and dealing wi...

4 Sep 53min

The Brutal Cost of $50M in Real Estate by Age 31

In this episode of the BiggerPockets Money Podcast, Nic Morales shares how his experience working for the NFL led him into real estate investing and ultimately to managing a $50 million portfolio. He ...

1 Sep 53min

5 Kids, Modest Income, and $1M Net Worth in 7 Years

In this episode of the BiggerPockets Money Podcast, Dave shares how he and his family went from no real savings to building more than $1 million in net worth in just seven years while raising five kid...

28 Aug 51min

Starting From Zero at 50: How to Build $1M by 65

In this episode of The BiggerPockets Money Podcast, we explore how someone starting from zero at age 50 can build wealth and potentially reach a $1 million net worth by 65. We break down a realistic 1...

25 Aug 40min

The Bear Case vs The Bull Case for Megacap Tech

In this episode of The BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench are joined by special guest Carl Jensen to explore the bull and bear cases for megacap stocks, the future of AI,...

21 Aug 38min