Real Estate Rookie 233: $1.1M in Real Estate at 21 WITHOUT a W2, Tax Return, or Degree! w/Logan Kohn
The path to financial freedom is a marathon, not a sprint. It requires patience, discipline, sacrifice, and a long-term mindset. Today’s guest, Logan Kohn, is on his way to financial freedom with over one million dollars of real estate with three properties at only twenty-one years old!
Logan planned to invest in real estate later in life, but COVID forced him to rethink his timeline. Since interest rates were at an all-time low during the pandemic and his income took a hit, Logan decided to expedite his investing journey. For his first investment property, he looked at his county, but it wasn’t affordable, so he looked at the next county over. It wasn’t the best area, but he saw the opportunity for growth, and now his first property has already appreciated over thirty percent!
Logan bought his first property and his other two properties in the span of one year, which required extreme financial discipline and frugality. Logan has been interested in growing his money since he was a child. From the age of ten to the end of his teenage years, he started various side hustles to make money. He’s done magic on the street, dropshipping, affiliate marketing, and email marketing. At seventeen, he discovered stocks and started stacking his money and letting it grow. Now he invests his money while having few expenses to be as frugal as possible so he can multiply his wealth through real estate!
In This Episode We Cover
How to spot a growing market through real estate market analysis
The importance of a long-term mindset and how to use it to find financial freedom
Living frugally and how to cut back on your expenses (it’s easier than you think!)
The process of self-managing your rental properties and building good rapport with your tenants
Flood Insurance and insurance options for those affected by Hurricane Ian
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Real Estate Rookie Facebook Group
Real Estate Rookie Podcast Channel
Designing a Frugal But Luxurious FI Life by Age 32
Should You Self-Manage Your Properties or Hire a Pro? Here’s How to Tell
Connect with Logan:
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-233
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