Quitting Corporate with 8 Paid-Off Rental Properties ($100K Passive Income)
Summary
This article shares a BiggerPockets interview with an individual who retired early by building a portfolio of eight paid-off rental properties. Hosts can learn how to potentially replicate this strategy using savings, rental cash flow, and 401(k) loans. It also highlights the advantages of a small, debt-free portfolio.
Key Insights
- •Vicente used a strategy of 'Save, buy, repeat, pay off' to acquire and pay off his portfolio.
- •The guest generates over $100,000 per year in cash flow from eight rental properties.
Action Items
- ✓Consider using 401(k) loans to fund your first or next rental property, if applicable.Effort: mediumImpact: medium
Tools & Resources
- →Apple Podcasts: BiggerPockets Podcast.(apple podcasts)
- →Baselane: Baselane: Automate your real estate finances with banking and AI-powered bookkeeping.
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Curated by Learn STR by GoStudioM