Can you continue to obtain monetary freedom with actual property investing? Round a decade in the past, it was widespread data that with just a few rental properties, you might simply change your revenue, retire early, and be fast-tracked to monetary independence inside simply three to 5 years of investing. Is that potential anymore? How lengthy will monetary independence truly take in the event you begin investing in actual property in 2025? And in the event you really feel such as you’re nearly there, must you give up your job and dive head first into actual property?
We’ve received two financially free buyers on the present, every taking completely different paths to get there. Dave stored his full-time W2 to pay for his extra passive actual property investments, whereas Henry give up his job to purchase leases and flip homes full-time. Would they each be okay in the event that they misplaced their “energetic” revenue right now? Sure! However they STILL select to work to construct the dream life that goes far past fundamental monetary freedom.
At this time, they’re sharing how the monetary freedom formulation has modified, what you must do to get on the trail to monetary independence/early retirement in 2025, and whether or not it’s best to keep at your W2 whilst you construct your rental portfolio or give up your job to pursue actual property full-time. The excellent news: monetary freedom by means of actual property remains to be a considerably faster path to retirement, however which path will you select to get there?
Dave:You may obtain monetary freedom by means of actual property. You simply have to be lifelike together with your expectations of what monetary freedom even means to you and about how we’re going to get there. I’m Dave Meyer from BiggerPockets and I’m right here with my pal Henry Washington. We’re each actual property buyers who’re on that monetary freedom path proper now, however because it seems, we’ve taken completely different approaches to attain monetary independence. Henry give up his company job to purchase leases and flip homes. I haven’t completed that and I in all probability by no means will. At this time we’re having an actual trustworthy dialog about what monetary freedom even means, the professionals and cons of various approaches to attaining it and which could possibly be proper for every of you. So Henry, I’ve what I feel is kind of a scorching take about monetary independence and retired early that I wish to share with you, however first lemme simply ask you, what do you contemplate monetary independence? What does that really even imply to you?
Henry:Properly, once I first received began, I believed I used to be going to purchase some properties and they might pay me each month after which I might not must work,
Dave:Didn’t work out that approach.
Henry:It didn’t fairly work out that approach. However monetary independence, what it means to me now and what I’m working in the direction of is to not must have energetic revenue. In different phrases, if I don’t wish to work anymore, then I don’t must, however my revenue wants are met by means of air quotes, some kind of passive revenue and actual property’s not really passive, however the concept is that I might work lower than 10 hours every week if I wanted to and survive. That’s what monetary freedom actually means to me. Now that I’ve began doing this enterprise for a bit of bit,
Dave:So it’s not absolutely retiring and really simply not working in any respect based mostly on proudly owning some rental properties,
Henry:I feel folks have gotten lots of these buzzwordy actual property objectives intertwined as a result of monetary freedom is one factor after which making sufficient revenue by means of actual property to give up your W2 is one thing fully completely different than monetary freedom. And generally I feel folks form of take these two objectives and say or use them interchangeably. I vividly bear in mind someone telling me, Hey, I simply hit monetary freedom. I left my day job, however that doesn’t imply you hit monetary freedom. It simply means you made sufficient energetic revenue in no matter else you’re doing in actual property that changed your W2 revenue,
Dave:Proper?
Henry:You’re nonetheless working, you’re simply now working in actual property, which is superb.
Dave:That’s a terrific level as a result of So monetary independence, monetary freedom, interchangeable phrases in my thoughts, however retiring is form of a distinct factor such as you have been saying, however I’m curious since you might say that you simply give up your job, proper? You give up your company job, what was it six years in the past now?
Henry:That’s proper. 2020,
Dave:Yeah. So a pair years in the past, however would you say you’re retired?
Henry:No, no, no. I’m not retired. I’ve to do one thing to make energetic revenue to outlive,
Dave:However I feel that’s form of the new take, nevertheless it sounds such as you kind of agree is I assume I simply really feel like this stuff have develop into conflated to the purpose the place it’s actually detrimental and other people begin actual property and say There’s not sufficient cashflow nowadays for me to retire from my job in three to 5 years.
Henry:There wasn’t 5 years in the past both.
Dave:Yeah, until you’re beginning with 5 million bucks that I might simply purchase rental properties, all money, you’ve at all times wanted that energetic revenue after which you may select whether or not you need that energetic revenue to come back by means of actual property like Henry has, or you may select from that energetic revenue to be by means of a ten 99 or a W2 job I’ve completed. And that’s kind of the fact of the scenario. And you recognize what? It’s nonetheless nice. You may nonetheless use actual property investing to develop into extra financially unbiased and possibly transfer your retirement date up by 30 years, however the concept that you might retire and do nothing in 5 years is just not very lifelike.
Henry:No, that’s completely not lifelike.
Dave:Okay, good. I’m glad you agree.
Henry:Might somebody do it? I’m certain there’s a approach somebody might pull it off.
Dave:Positive.
Henry:However that’s prefer it’s a teeny minority of individuals. Most of us are going to must generate some kind of energetic revenue so as to complement our life-style, and I feel we simply must be extra clear about what it means as a result of I feel you completely can spend money on actual property and in a course of a 5 yr interval, decide up some rental properties after which determine make sufficient energetic revenue inside the true property area of interest to depart your W2.And that I consider is totally potential, however that doesn’t make you financially free. It makes you financially depending on one other revenue stream that you simply like extra and which you could leverage a life-style that simulates extra freedom. Such as you stated, I’m not air quotes absolutely retired from any energetic revenue. If I don’t flip homes or assist out on BiggerPockets or do a few of these different issues that I do to make energetic revenue, then my household can be in a troublesome place. We can’t and don’t wish to dwell off of our cashflow from our rental properties, not the life-style that we take pleasure in. And so I’ve to have the energetic revenue, however as a result of I’ve constructed this muscle and realized this skillset inside the true property business, I now have a device or a number of instruments that I do know I can use to go generate money and I can try this alone time and alone schedule.And since I can try this, I can simulate freedom. If I needed to go to Europe subsequent week, I imply I might in all probability determine a strategy to make that work. Dave, I’ve completed sufficient offers the place certain I might go purchase a ticket and my household and I might go and we could possibly be gone for every week or two and my properties would proceed to get renovated and labored on and get listed available on the market and I might take pleasure in my life and I might come again. Might I try this ceaselessly? No, I couldn’t. However the life-style and the skillset that I’ve obtained in actual property permits me to have this semblance of freedom inside the energetic revenue stream that I’ve in the true property business. I couldn’t try this with a W2, so I get to expertise what appears to be an entire lot extra freedom than I had earlier than. However yeah, you need to have some stage of energetic revenue.
Dave:I feel what you stated is simply so necessary, and also you’re saying it’s simulating freedom, however it’s actual freedom. I feel that the issue is that we deal with monetary independence as binary. It’s like both you’re financially free otherwise you’re not. When actuality it’s a path and the purpose, not less than for me has at all times been to simply develop into extra financially unbiased. Each deal you do, each monetary resolution you make will hopefully put you in a greater monetary place so you could have extra flexibility. For some folks like Henry, that flexibility is likely to be going to Europe and simply not working for a few weeks. For me, I relaxation straightforward realizing that if BiggerPockets determined to fireplace me tomorrow, I couldn’t work for a few years and be very snug and to me, wouldn’t contemplate myself absolutely financially unbiased as a result of if I left my job right now, I would wish to determine energetic revenue similar to you Henry. However I’m extra financially unbiased than I used to be 15 years in the past earlier than I began investing.
Henry:Completely.
Dave:And I’m extra financially unbiased this yr than I used to be final yr and the yr earlier than that and the yr earlier than that. And I really feel like that basically must be, the purpose is simply to maintain transferring in that route as a result of actually, your definition of what monetary independence goes to alter the sum of money I believed that I might’ve wanted to really feel snug once I began 15 years in the past. I handed that quantity some time in the past, let’s be trustworthy.
Henry:Sure, sure.
Dave:And my expectations, I strive to not have life-style creep, however once you become old and also you simply have a extra refined life, your bills simply go up. And in order that’s why I really feel like setting this purpose and saying I’m monetary unbiased or not is simply not lifelike. The purpose is simply to maintain making progress.
Henry:Yeah, that’s completely true. I used to be a type of folks once I received began that I believed I might purchase sufficient rental properties to provide sufficient cashflow in present daysThat I might have the ability to take the cashflow from the rental properties after which when that variety of cashflow hit the variety of cash I made monthly in my day job, that I might depart my day job and dwell off of my cashflow. However as I began to purchase properties, I began to comprehend that that wasn’t essentially going to be a factor. I used to be completely shopping for properties that cashflow. However your online business and your properties, they don’t operate linearly. It’s not such as you purchase it after which it money flows and nothing ever occurs or goes incorrect. It simply makes you simply prints that cash each month and it’s good and the world is nice, however that’s not the case. The extra properties you purchase, issues break at completely different occasions. Issues break all on the identical time. Folks transfer in, folks transfer out. There’s this fixed circulation of cash that it’s arduous for you to have the ability to say, okay, nicely I purchased 10 properties and every property money circulation is $500 a month, and so now I’ve $5,000 each month that I simply will take out of this account and spend on my payments and the cash is flowing too fluidly for that to be a actuality.And so I noticed that if I really need these properties to pay me cashflow that I might dwell off of passively, then it’s going to occur far into the long run
Dave:When
Henry:These property are paid off. And so I needed to pivot my technique to suppose, okay, nicely how can I take advantage of actual property to nonetheless purchase leases but in addition make money now in order that I can proceed to develop my portfolio but in addition stabilize my portfolio after which begin to aggressively repay these properties so I can hit that purpose sooner. That wasn’t what I believed beginning out.
Dave:Completely. Yeah. And I wish to ask you about the way you’ve pivoted your online business, however I’m simply curious, first was that disappointing to you realizing that?
Henry:That’s an fascinating query. I don’t bear in mind feeling upset about it simply because I used to be actively within the enterprise at that time and knew, knew I had the foundational ability, which is I understand how to go purchase a very good deal. All I needed to change was the way in which I used to be monetizing that deal, which was flipping it and getting extra cash upfront versus holding onto it and taking a pair hundred {dollars} right here or there. So no, it wasn’t disappointing as a result of I simply love the enterprise of actual property.
Dave:Alright, we received to take a break, however on the opposite facet, extra of my dialog with Henry Washington about what monetary freedom means to us. Thanks for sticking with us. Let’s soar again in with Henry Washington. Looks like persons are avoiding entering into actual property as a result of people who find themselves actual property educators, BiggerPockets as a part of this have been saying, Hey, you will get actual property monetary freedom in a few years. And like I stated, through the 2010s, it was at all times troublesome, nevertheless it was simpler than it was right now. It was
Henry:Simpler
Dave:For certain, however I assume I nonetheless really feel just like the prospect and the worth of actual property investing remains to be so sturdy that it frustrates me when persons are like, I’m not going to get in as a result of now it’s going to take 10 years to be financially freedom or 15 years to monetary freedom. That’s unbelievable common. It’s superb. The common profession in america is like 45 years. You’re saying you narrow it into a 3rd if that doesn’t get you excited. I don’t actually know what would, however I do really feel like, I don’t know in the event you hear this too, however I hear folks saying like, oh, I can’t discover cashflow. I’m not going to get into it. However the fundamentals haven’t actually modified. That is form of at all times the way it’s labored.
Henry:The basics are they haven’t modified. They’re extra necessary now than they’ve ever been, proper? It’s the basics you need to keep on with now so as to achieve success, however that is one of the best ways to speed up that path in any method {that a} regular particular person might. Are you able to do it in different pathways? Are you able to do it within the inventory market? However you bought to get actually good at buying and selling shares. Completely. However the common particular person in actual property can do that with out being an expert actual property investor and that’s unbelievable.
Dave:Given this, given the fact, it feels like we agree that it’s going to take you 12 to fifteen years to do it, in my thoughts, that’s implausible and you’ll kind of be agnostic, not less than to me, about the way you pursue that energetic revenue. I feel there’s a very good argument to be made that it’s best to simply pursue no matter energetic revenue makes you essentially the most cash, and for me, that’s persevering with in an everyday job. Nevertheless it feels like for you, why did you make that alternative realizing that you simply wanted energetic revenue to do it by means of actual property fairly than you had a very good job, you had a very good company job and also you selected to depart that.
Henry:Sure, I did have a terrific company job and I loved my job. That’s why I stored it so long as humanly potential. I used to be going to do each till I couldn’t do each anymore till somebody was going to cease me from doing each. And I did. That’s what occurred is I give up when it price me cash to have the job after they needed me to work extra hours and I simply couldn’t give them extra hours, it will take away from what I used to be doing in actual property. However the reply to your query is I had to decide on the true property as a result of I imply, I’m going to throw all of it out right here. I used to be making $110,000 a yr, which isn’t a ton of cash, nevertheless it’s good cash, proper? It’s good cash. It’s arduous not to decide on actual property as your full-time revenue path once I’d must commerce 40 hours every week for 12 months to make $110,000 in the event you depend my bonus, I used to be in all probability making nearer to $140,000 once I might flip two homes and make that and I might flip two homes in the identical month
Dave:Once you put it that approach,
Henry:Proper? We simply offered a deal and made 70 Okay final week. So yeah, it took us 5 months to make 70 ok, however that wasn’t the one home I used to be flipping. I had to decide on the true property. It made extra monetary sense and likewise I like it a lot greater than I cherished my day job. I appreciated my day job. I like doing this.
Dave:Clearly I’ve chosen the opposite, proper? I proceed to work full time at BiggerPockets and I feel there are professionals and cons, however for me simply I like having a gradual paycheck. I like realizing that my payments are coated. I like having advantages.
Henry:That’s the factor nobody thinks about after they depart that W2, that insurance coverage is silly.
Dave:As you recognize, I simply moved again to america and I’m like, holy crap. Yeah,
Henry:It’s no joke.
Dave:The insurance coverage prices are insane, however that’s similar to my psychology. I like having that as a result of what I really feel like is it permits me to really feel snug taking danger in actual property as a result of I do know that if I spend money on a syndication and it doesn’t do nicely, I’ll be tremendous. I dwell inside my W2 revenue and actual property is simply gravy for me.
Henry:So stated in a different way. If BiggerPockets went away tomorrow, would you go discover one other W2 since you just like the constant revenue or would you determine a approach to make use of actual property full time?
Dave:I assume in all probability the latter. I feel it’s fairly arduous for me to consider working at one other Corpor company proper now.
Henry:I don’t suppose me or James Dard would allow you to go get one other job. We might simply feed you offers till you bought ok to do that by yourself.
Dave:Properly, the humorous factor is I received into my job at BiggerPockets as a result of I actually appreciated actual property. I received into actual property in 2010, kind of on a whim. It was a pal of mine was doing it, and I used to be like, that appears enjoyable. I’m going to try this and I might actually use 250 bucks a month. So I began doing that after which I went again to grad faculty and I used to be like, I actually similar to the true property factor. And so I googled actual property tech jobs and located BiggerPockets. It was down the highway from the place I used to be dwelling. It was simply form of coincidence, however I’ve at all times actually appreciated the true property facet of it. So I feel I might discover a strategy to both do non-public lending or flip homes or simply be much more concerned in my rental properties. I do suppose I in all probability quit three, 4% money on money return a yr. Greater than that, I pay 8% to the property supervisor. However even on high of that, there’s simply an inefficiency of it. I can’t spend sufficient time on it, and I’m okay with that. It permits me to make my revenue, butI would in all probability do one thing like that. I don’t know. It’d be arduous to consider simply beginning a brand new company staff.
Henry:Sure. Sure, sure. That was the place I discovered myself in.
Dave:Yeah, I get that. Are there any, I imply advantages, you simply introduced that up as one of many trade-offs, however are there trade-offs?
Henry:Yeah. Properly, at the start, it’s simply scary. So what helped me soar off the cliff truly was we have been promoting a flip. So this was 2021. That was when issues have been going loopy. And what had occurred was we have been promoting two properties and we ended up getting over asking on each properties and the quantity over what we had underwritten them to promote at ended up being a yr’s wage
Dave:From
Henry:The W2. And I used to be like, look, we’ve received this more money we weren’t planning on. Let’s simply squirrel that away into an account and that provides us 12 months. We’re used to this revenue, we’ll simply pay ourselves out of that account for 12 months and if this actual property full-time factor doesn’t work, then I’ll go get one other job. And in order that was what gave us the arrogance to actually pull the set off.
Dave:Yeah, I imply I might think about that it’s more durable for folks now to try this, however I feel it’s additionally necessary to do not forget that was the anomaly, not now. And folks suppose I can’t give up my job in actual property instantly as a result of it was simpler again then, however that was uncommon. The varieties of returns and the varieties of offers that you simply see right now are literally nearer to historic normsAnd actual property was nonetheless a very good funding within the nineties when it was nonetheless these sorts of returns or through the early 2010s when the returns have been strong, however not spectacular. Nonetheless higher than some other asset class, not less than for my part. So I simply suppose it’s necessary to recollect, regardless that you hear these tales about implausible returns, you don’t want that. It’s nice. I hope it occurs to everybody, however you don’t want that to develop into financially unbiased or to pursue monetary independence by means of actual property. We received to take a break, however on the opposite facet, extra of the BiggerPockets Actual Property podcast are again with the remainder of the BiggerPockets Actual Property podcast.
Henry:I might say the most important commerce off to reply your earlier query is it’s not prompt cash once I’m flipping homes. It may be faster in the event you do assignments, however I don’t do assignments, so if I’m earning money, I’ve to seek out one thing, I’ve to purchase the one thing, after which I’ve to get it to a degree to the place someone else needs to purchase that one thing from me, and I additionally depend on someone else needing to wish to promote to me. It’s not like I can simply go to this open market
Dave:And
Henry:Purchase properties which are going to make me a bunch of cash. Sure, the MLS exists. Sure, there are offers on it, nevertheless it takes lots of effort to try this in quantity and use it sustainably. So as a result of I’m shopping for off market and since I’ve to flip a home, I’m doing work right now that I received’t receives a commission for not less than 60 to 90 days, and that’s quick, nevertheless it’s in all probability nearer between 4 to 6 months. And so in the event you slack right now, that doesn’t harm you now. It hurts you down the highway. And if you end up in a lull the place you couldn’t discover a deal over 30 to 60 days or one thing, you’re going to be on this place down the highway the place you’re like, I don’t know the place cash goes to come back from. Proper?
Dave:Yeah. That’s scary.
Henry:That’s a scary commerce off. So that you’ve received to be actually good about your cash and budgeting your cash so that you could have revenue all year long as a result of it’s not a sustainable supply. In order that’s what I envy about what you could have. You bought cash each two weeks and it’s not like that right here. Sure, I make them in larger chunks, however then you need to be extra financially accountable with it in order that it’s not all gone on the identical time.
Dave:See, that’s why I can’t do what you’re doing. I’m not financially accountable. I truly at all times joke with my spouse as a result of I’ve develop into a monetary educator and I’ve by no means had a finances in my total life. Even once I was broke, I by no means had one. I didn’t neither. I might simply spend cash till I didn’t have any. After which I’d eat ramen for just a few days and then you definately’d wait and also you’d determine it out. I’ve by no means completed that, and that’s in all probability one of many causes I like having this regular revenue. I can’t mess up that badly in two weeks. Proper?I’m simply kidding. I’ve clearly found out a strategy to be financially accountable, however there’s a psychology ingredient of that that may fear me. If there was a lull for a month, regardless that it’s not lifelike, I might be tremendous. It might kind of weigh on me a bit of bit. And it’s additionally once you have been speaking about that, it made me notice or take into consideration the way you nearly must be accountable, do each on the identical time. Should you’re going to transition into it as a result of you could have gotten to a degree the place you do sufficient flips and you’ve got such a very good pipeline that even in the event you miss on one month and also you don’t get an acquisition, you’re like, I’m going to get one subsequent month. You’ve gotten a fairly good concept of that. However in the event you simply give up your job and also you’re like, I’m going to go flip homes, then you definately higher have that deal circulation work out actually fast. Simply assuming you’re a mean one that doesn’t have months and months and months of emergency
Henry:Reserves
Dave:That might get unhealthy rapidly. So that you kind of must develop the pipeline of deal circulation whilst you’re nonetheless working full time.
Henry:It’s important to construct some stage of consistency into your online business earlier than you give up as a result of somebody has to wish to promote me a home. Now I understand how to go search for these folks. I understand how to assist these folks. I’ve positioned myself in a approach that I can construct a enterprise round that, nevertheless it’s not like I’m counting on someone else to resolve that they need me to purchase their residence for me to earn a living. That’s
Dave:Robust for certain. And also you’re superb at it, and also you’ve practiced loads to have the ability to have that confidence, and it simply doesn’t come that rapidly. And I’m having fun with this dialog as a result of I actually simply need folks to comprehend two issues that Henry and I are speaking about right here. At the start, the concept that you’re going to to simply do nothing within the subsequent few years, not possible until you’re ranging from a really advantaged place with lots of money. And in the event you’re going to do what? I don’t know, it’s in all probability 95% or extra of actual property buyers nonetheless work for energetic revenue. I feel it would even be increased than
Henry:That. I feel it’s increased than that.
Dave:I feel it’s everybody, and in the event you’re going to do this stuff on the identical time, earn energetic revenue and make investments long run in order that finally you may actually do nothing, you may select both the trail I’ve gone down, which is to work a extra conventional profession and make investments on the facet. Or you might do what Henry’s completed. And there have been kind of simply trade-offs and professionals and cons between each of them, however each are fairly widespread. You do want energetic revenue and also you don’t have to give up your job. The extra widespread approach to do that is to discover a strategy to earn revenue proper now and make investments that into passive property for the lengthy
Henry:Time period. Once we speak about our approaches to actual property, they sound completely different, however the framework is ideally the identical of what you and I are doing, which is we’re shopping for property, so we’re rising our portfolio to no matter comfortability stage we’re with that, after which we’re stabilizing these property, after which we’re specializing in getting these property paid off and throughout all three of these buckets, you and I each have energetic revenue coming in to assist us fulfill what’s occurring in these buckets in order that we will lastly end off that third bucket of paying off the property in order that we will be financially free. Our framework is precisely the
Dave:Identical. Yeah, that’s
Henry:Proper. How we’re producing the revenue and the place inside our course of we’re is completely different, however the body is identical.
Dave:That’s a very good level. I hope that’s encouraging to folks as a result of I’m certain you hear this on a regular basis. This expectation that you must give up your job or to be in actual property or really feel the stress, actually, to retire and do nothing, simply isn’t needed. And I feel you have been saying you suppose it’s increased than 95%, however do you truly even know anybody who is actually retired from actual property?
Henry:Perhaps one investor possibly of all of the folks I’ve ever met.
Dave:Yeah, proper. Everybody retains doing stuff.
Henry:That dream of going and sitting on the seaside and retiring and dwelling. Look, I do know loads of buyers who moved to the seaside, however they work in in the future there.
Dave:Completely. Yeah, precisely. Precisely. Yeah. So hopefully this dialog helps normalize this for folks and simply notice that actual property is implausible, superb. It’s unbelievable what it does for you. Simply go into it with lifelike expectations and never solely will that provide help to get in and recover from a number of the worry, I truly suppose it makes actual property investing simpler. Lemme simply give an instance. I’ll purchase a deal proper now that makes three or 4% money on money return as a result of it’s a terrific asset in a terrific neighborhood, and I don’t want greater than that. I don’t want 8% cashflow as a result of I don’t want the cash proper now and permits you to take this long-term view. Deal choice and portfolio technique turns into a lot simpler once you’re not hyper-focused on how do I change my revenue by tomorrow?
Henry:Sure. That man, the stress that you simply don’t must really feel so as to do that’s superb. Yeah. It’s simply purchase a very good asset in a very good appreciating neighborhood that pays for itself and simply don’t give it some thought for the following 15 to twenty years. That’s fairly cool.
Dave:I simply need folks as we, particularly getting into a brand new yr to enter issues with lifelike expectations as a result of actual property simply nearly as good the asset, simply nearly as good as a enterprise because it’s ever been. Should you simply have lifelike expectations about what is possible with this asset class and acknowledge that lots of the advertising that was happening in BiggerPockets is a part of this during the last couple of years is just not the most typical approach, the extra widespread approach to make use of actual property is to take 10 or 12 or 15 years to construct out a portfolio and provides your self most monetary freedom simply over an extended time frame.
Henry:Couldn’t agree extra.
Dave:Properly, thanks. This was a really enjoyable episode. I respect you being right here.
Henry:Hey, man, thanks for having me. I like placing a sensible spin on issues. That is nonetheless the best monetary resolution that I’ve ever made, regardless that I nonetheless work on a day-to-day foundation in an actual property enterprise. So it’s modified my life in additional methods than I might have ever imagined, and I feel that there ought to be much less worry round getting began. There ought to completely be schooling and preparedness, however there’s a technique that may work for actually nearly anybody,
Dave:And
Henry:You don’t have to be an expert air quotes actual property investor to hit that stage of monetary freedom inside 10, 12, 15 years. You may simply be an everyday Joe Schmoe with a job and get there.
Dave:All proper. Properly, thanks all a lot for listening. We’d love to listen to your opinion about monetary independence and what it means to you. So both hit Henry or I up on BiggerPockets or on Instagram or within the feedback under in the event you’re watching this on YouTube. Thanks all a lot for listening or watching to this episode of the BiggerPockets Podcast. We’ll see you once more quickly.
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