Think you’re too busy to own rental properties? Real estate investing doesn’t have to dominate your time or energy. Today’s guest is living proof, having built a three-property rental portfolio in just two years—all while juggling a 50-hour workweek!
Welcome back to the Real Estate Rookie podcast! When Rashad George sold his primary residence for a $100,000 payday, he realized that real estate was the missing piece in his quest for financial freedom. Despite being swamped at his eight-to-six job, he found ways to start small, buying a new build investment property that required very little upkeep. Then, he graduated to more difficult projects needing cosmetic rehabs and eventually, full-gut renovations.
Now, Rashad has settled into Section 8 investing, which delivers consistent monthly cash flow while he continues to advance in his career. In this episode, he busts some of the myths surrounding this investing strategy, shares how he structured his first real estate partnership, and shines a light on the tax loophole he uses to offset his active income!
In This Episode We Cover
How Rashad built a 3-property portfolio in two years (while working eight-to-six)
How to get consistent monthly cash flow with Section 8 investing
What you need to know before forming your first real estate partnership
The short-term rental tax loophole you can use to offset your active income
How to find and buy discounted real estate deals at an auction
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-677
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