$80K/Year Cash Flow and TOTAL Financial Freedom with 7 Properties

What’s YOUR reason for investing in real estate? For today’s guest, it was to achieve financial freedom and have a flexible schedule. By focusing on education, forming partnerships, and, most importantly, taking action, she was able to quit her job and acquire seven properties in just THREE years!
Welcome back to the “Real Estate Rookie” podcast! Sarah Msuya was firmly entrenched in her successful banking career when life threw her a series of curveballs. After her son was born prematurely and complications caused her to miss nine months of work, Sarah knew that a traditional nine-to-five was no longer an option for her and her family. She spent the next three years learning as much as she could about real estate and building a portfolio that provides $80,000 in cash flow per year!
Like many new investors, Sarah has dabbled in several investing strategies on her journey to financial freedom-from house hacking to flipping houses and everything in between. Eventually, she was able to pin down her niche-the BRRRR method. In this episode, you’ll learn how to find the best strategy for YOU and scale your portfolio through partnerships and creative financing!
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Grab Your Copy of “Real Estate Partnerships”:
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Working Towards Time Freedom “In the Trees” with 3 Treehouse Rentals:
www.biggerpockets.com/blog/ro...
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How to Achieve Financial Freedom Through Real Estate in 4 Steps:
www.biggerpockets.com/blog/re...
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Connect with Sarah:
BiggerPockets: www.biggerpockets.com/users/s...
Facebook: / sarahtalksrei
Instagram: @sarahtalksrei or / sarahtalksrei
LinkedIn: / sarah-msuya-458a511b3
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or / wealthfromrentals
Tony: @tonyjrobinson or / tonyjrobinson
Show notes at: link.chtbl.com/Rookie
00:00 Intro
00:50 HUGE Life Changes
06:03 $80K/Year Cash Flow!
12:53 Sarah’s First House Hack
19:48 How to Scale FAST
26:47 Property Management 101
30:53 Connect with Sarah!

[@userxid]

Amazing episode. At first glance, I thought "Gee, another BP episode about someone getting $20k in cashflow with just 3 properties in 1 year via Airbnb", but this turned out to be full of gems. She built her impressive portfolio by learning, taking action, and pivoting. Incredible determination and extremely inspiring.

[@SarahMsuya-MaineRealtor]

Thank you!!

[@edgonzalez186]

She speaks so real; seems like a sound decision to do business with her.

[@buhr1mm1]

Hi Tony and Ashley, Can you guys talk a little more in detail about refinancing/HELOC(s) on your rental properties, when to, when it makes sense, etc? We own 6 LTRs (8) units in total and love the idea of pulling money out from them to go buy more, but when running the numbers it just doesn't make sense to do so with interest rates, current cash flow, etc. Is this something you just hold on until interest rates ever drop again, have more pay down on the properties, etc? Much appreciated as I love listening to your podcasts and am a member of bigger pockets!

[@CoyiaOfficial]

Helocs if you have a good interest rates but only If you can pay the heloc back in a year. (typically heloc interest rate is locked in for a year) or look into fixed interest rate helocs. Do not refi if you have a current good interest rate

[@KevinMullaney333]

She’s telling my story. Such a great podcast episode ❤

[@TennisTD]

Great motivator. Time is important and money is the only way to get that. I really hope she can make progress with her son. Not easy

[@ewinston_]

Really appreciate Tony and Ashley putting together this Podcast every week. As a recent college graduate I’ve learned so much from you all’s content in the past three months, thank you so much!

[@honkaiming4jesus]

I'm listening and 15 units totaling $1.3m valuation is only about $87k per unit. I wonder why that's so small per unit and what the average price of a home is in her area.

[@DionTalkFinancialFreedom]

Good stuff

[@shelleygreyrealtor]

I really need an episode geared towards renting homes to care homes, elderly facilities, etc. I know there are investors that want these homes. I keep getting contacted by them and am not sure how to fully protect myself or assess their risk. Even after speaking with an attorney, I would love to see an episode from the perspective of the property owner.

[@million7144]

The most powerful action based episode. Sarah is super power mom and investor. Thank you for your time.

[@SarahMsuya-MaineRealtor]

Thanks so much Million!

[@adrianwooten6848]

My son is 25 and was diagnosed with Autism at 2 years old. It's great to see that there are now treatments to help ppl.

[@gilbertjean-louis4826]

That's awesome, congrats!

[@SarahMsuya-MaineRealtor]

thank you!

[@DEEDGENIUS]

Very informative 🎉✨️ We all know Financial Literacyis key. Thank you for being a part of my learning process!

[@ambernicole.]

How could I make the best of my situation: I currently live rent free in a home my family inherited. The house isn’t mine, so I don’t have the option to sell. But I want to take advantage of my situation. I’m interested in SFH but am unsure of what loans I qualify for or how to finance the sfh rental.

[@Socalarborist]

It depends on if you have any extra money for a down payment. And how much of a mortgage payment you could afford with your current monthly income. Also can you add another renter to the house your family inherited?

[@buyfixrentrepeat1270]

Get that smoke alarm battery replaced

[@SarahMsuya-MaineRealtor]

haha will do!

[@buyfixrentrepeat1270]

@@SarahMsuya-MaineRealtor I must have had too many section 8 inspections maybe lol

[@Glennpoythr]

He doesn’t need to lose his diagnosis. There is nothing bad about being autistic. Therapies are helpful to help develop skills that WE lack, but cancelling his identity should never be the focus.

[@mikesterling7694]

You're dead wrong. Autism is most often extremely debilitating and it's not something that lower functioning ones would ever choose for themselves any more than somebody would choose diabetes or multiple sclerosis for themselves. You probably have a kid or relative or something that's autistic and you're trying to feel for them but really you're making this about you and your own virtue signaling. This is a mental cognitive sensory disorder and the vast majority of these people are suffering not to mention the people that have to take care of them

[@SarahMsuya-MaineRealtor]

There are a lot of challenges that come with being autistic. If I can do something to reduce or eliminate those challenges for my son to have the best, most fulfilling life he can, then I will. Unless you have someone very close in your life that is autistic it's hard to fully understand what they and their families go through every day. You may be thinking more of high functioning, slightly quirky individuals but that is not the situation for my son.

[@craigroy9614]

The most depressed investor ive ever listened to. Great job and all but DAMN