From a $35K Salary to Owning 3 Rentals (Starting in 2024!)

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Feb 23, 2026

Flo Jacques, a former $35K/year college admissions worker turned real estate investor and rehabber. She recounts buying low-priced rehabs, managing two simultaneous renovations while working multiple jobs, using hard-money financing, firing contractors who price-gouge, and pulling cash-out refinances to scale into multifamily and a big flip. Energetic, action-focused stories about starting young and growing a rental portfolio.

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ANECDOTE

Bought First Home At 22 And It Sparked Investing

Flo bought her first home at age 22 with $15,000 saved while working multiple jobs instead of renting.
That first purchase seeded her learning and networking that led to full rehab investments starting in 2024.

ADVICE

Use MLS Packages To Find Cheap Rehabs

Look for cheap rehab inventory on the MLS in lower-cost towns; you can still negotiate like an off-market deal.
Flo found investor packages and bought a single-family rehab in Rocky Mount under $100,000.

ANECDOTE

First Rehab Closed Lower After Flood Zone Discovery

Flo went under contract at $90,000 but closed at $70,000 after discovering the house was in a flood zone.
The listing agent failed to disclose the flood zone, yet she proceeded and treated it as her first major rehab.

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