How I Built a $350K/Year Passive Income Stream in JUST 3 Years

Episode #873
How much passive income would you need to quit your job? How many rental properties would you have to buy? Most real estate investors think they’d need twenty, thirty, fifty, or a hundred units to finally retire with a six-figure passive income stream, but that could take decades to achieve. So, how do you do it faster? How do you build massive passive income, monstrous cash flow, and find financial independence fast? Follow Kate Lynch’s advice.
Three years ago, Kate was working…a LOT. Seventy-hour work weeks were the norm as she left the house before sunrise and returned well past sunset. Her family time was non-existent, moments with her kids were only reserved for the weekends, and her job controlled every aspect of her life. And while she was getting compensated fairly for the work she was putting in, watching her family time fly by was too much of a burden to bear. So, a rental property portfolio became the goal.
Kate bought in a completely unconventional area for her strategy, focusing entirely on cash flow, not caring much about equity, and doing whatever she could to replace her outrageous W2 income. Now, just three years later, she’s financially free, and if you follow her steps and only make a THIRD of what she’s making, you will be too!
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Show notes at: link.chtbl.com/BPRE
00:00 Intro
00:49 Working 70+ Hour Weeks!
03:56 All Work, No Family Time
10:48 Trading Retirement $$$ for Real Estate
14:03 Making $50K/Year with ONE Property
21:29 Kate's MASSIVE Cash Flow
26:47 Financial Independence in Under 3 Years!
32:03 SG: Long-Term vs. Short-Term Rentals

[@BrettMaverick]

There you have it guys, just take your 1 Million dollars, go back to 2019 and buy 7 properties with 3% interest rates. Anyone can do it!

[@keithlynn6210]

Stop whining, it won't help...

[@divertiti]

Why didn't you put yourself in that position and then have the courage and foresight to do it? All of that is on you and only you

[@BrettMaverick]

@@divertiti cuz im a moron

[@mybeloved1]

She is on it!!!! I love how well she's able to explain it all. Great job and congratulations 🎉

[@rozetaavetisyan7882]

Great interview! Can you please interview someone who has bought a property very recently and is still in the weeds of the process for us to get a an idea about the challenges in the current market?

[@DarElBarka]

I'm a senior software engineer who is sick and tired of working with computers 390 days a year. This is the video i needed.

[@zeon_trl1326]

You must be making great money. I always wondered why people who make great money each year can't retire relatively fast just by learning to invest. Me personally I know can live off of the stock market and real estate in the near future

[@DarElBarka]

@zeon_trl1326 My theory, not always, but often those who make a lot of money work so many hours a day that they have time for nothing else. The reason why they do not take the time to learn something else other than what they are working on

[@parkermudsen1063]

390 days a year? 🤔

[@DarElBarka]

@parkermudsen1063 Yes. Even more than 390 days. In terms of labor, a day = 8 hours. 😆 🤣 😂 😹

[@ldavidson6853]

This is a great story :) I have my Airbnbs in Toledo, a couple of hours from Cleveland. I get a similar return because property is soooo affordable in Ohio. My biggest house is in the most desirable neighborhood within the Toledo borders among the most valuable homes, and it's probably the busiest STR in Toledo. I bought it for $174,000 5 years ago. However, I don't "renovate" or remodel. I update fixtures, paint, wallpaper accent walls, and decorate uniquely in keeping with the home's charm. Lots of DIY, some handyman help, electrical and plumbing all pros, used high-quality furniture; $10,000 budget for set ups. Many people rent my homes to visit their family, weddings, funerals, graduations, holidays, etc. I also get bookings for university events, concerts, marathons, golf events, hospital visits... and work related -nursing, construction, auto and energy industry, etc. You can stay busy without a nearby major attraction.

[@victoriatongun1775]

Where do you list your property or how to you get all the rentals? Thank you.

[@ellenlopez3123]

Also Investing in Toledo. :) Where are you Airbnbs at?

[@marissakeynes2532]

People have wasted their time reading ur pat-on-the-back comment, at least try & be nice by answering their questions.

[@kateribeiro3636]

Awesome video! She’s so articulate. Great message for working mom’s. She’s also a rockstar with financial analysis and sticking to a strong ROI!

[@srchulo]

This is the first episode I've really really enjoyed in a long time. Good guest!

[@jaclynshawmsbisii3521]

She is awesome! Thank you for sharing your wisdom, Kate!

[@nab239]

Fantastic interview. Would be great to have more investors in similar scenarios. Many can relate

[@c3BlessedHealth]

I love her perspective. She already knows how to do hard things, what real stress is like. She doesn’t sweat the small stuff.

[@sophiasavanna1329]

Her story is so interesting and I would have luved to hear even more about her investment banking stories

[@Wisdomseeker1028]

Incredible woman! So sharp doing investment banking, being a mother to 3 kids, and picking up on real estate so quick and analytically! Wow just wow. True representation of what women are capable of!

[@alexjbriiones]

Wonderful podcast. Just want I need it. Not having IM in the bank - should not be - an impediment to starting your own $350K short-term rental business because you can borrow the money from a hard money lender, refinance, and then make the payments from the $50K income per triplex.

[@user-qh5yl3rn6c]

I really like the painting in the background. Do anyone know where i can get it or something like it?

[@oakwd4712]

Great show, 🙌🏼

[@paulorr9262]

She is the modern day Xena Princess Warrior. Very fun to listen to her story.

[@martyozaeta]

Far from it 😂

[@A_bou]

Very insightful episode and wonderful guest! She was so detailed in her plan and her execution resulted in pure success. I love her intent to make the same yearly salary as she was switching into the real estate path. This is a great method and very helpful to hear for the 9-5ers. It seems daunting to switch gears and make the same salary but she’s proof that it is possible. I am saving this episode. Thank you!

[@jamesfosterfishing7040]

Ep. 331 gotta check that out

[@ex-lwstlnd3888]

Is it bigger pockets podcast episode 331?

[@chris4045]

Very inspiring video -- I have 4 younger sisters with high W2 income 300k-650k+ (Doctor, SVP, Investment Banking, and Managing Director). Thank you for sharing your story.

[@BiggCope]

Dang! I’d like to hear the story on how everyone became so successful.

[@Anonyme67]

How about you?

[@robertruschak7083]

Anybody making $500k or more have ZERO EXCUSES if they cannot acquire xyz real estate assets & produce 6 to 7 figures post-tax cash flow within 2 years !!!! Make more money 💰

[@veronikao3276]

3 bedroom apartments on Airbnb in downtown Cleveland on a weekday start at $240/day as of 02.06.24. She must have kept rates low in exchange for high occupancy...$100/day×30 days=$3k/month/apartment×3 apartments =$9k/month/triplex ×12 months=$108k Gross income minus operating - taxes - mortgage payment = $50k/year/triplex × 7 triplex = $350k/year

[@dhowto3005]

Congratulations Mrs. Kate Lynch on your success!!!

[@omark8012]

Her honesty is amazing. She really goes in and tells you about blowing it on her first BRRR but managing to make lemonade.

[@omark8012]

@@katelynch3475 thank you for the insight and inspiration.

[@2ndspringswellness644]

Great episode! Certainly helps to start with 1mil and huge salary, but I also question her numbers. Property taxes in Cleveland are quite high for example (2+% in some areas). I guess as long as her occupancy remains solid it will work, but if there's a hiccup in the Airbnb model it could be a big challenge for the model. Thanks for the episode, very thought provoking.

[@xx-knight-xx2119]

Yeah she said $100 a night every night of the year and Im really doubtful it's possible to find someone to rent reliability for 365 nights a year.

[@janeho2808]

@@katelynch3475is occupancy really can be as 30 of a month on average? Great show thank you for sharing. Super relate. In my 40s want time with kids but can’t do.

[@j7py]

yeah.. if Cleveland does something similar to Vancouver BC (Canada) with the AirBnb situation, she's at a huge risk.. in Vancouver they basically canceled Airbnb if you don't live in the home

[@martyozaeta]

Yeah she was lying. For a numbers person she claims she is it just doesn’t add up. They need to vet their guests more and ask more pressing questions

[@MichelleBarhamblog]

Awesome success. Great inspiration ❤

[@emitchell.901]

That Beard game is 100% on the come up!

[@amymitchell7996]

Loved this episode so much I listened twice. Liquidating my 401k is something I’ve also considered, but of course I don’t have a million dollars invested in it. I’m also going to give Cleveland a second look now!

[@ShaanPuri.]

Amy I know someone that can help you.

[@lipsydelgadomaza1970]

This was one of the best podcast EVER! Thanks David, Rob, & Kate!

[@user-gs7zs3is4v]

Agree, straight to the point.

[@PlayYourSongz]

Exceptional video, very encouraging.

[@rlin656]

That's bold to pull out of 401k. 10% penalty on top of income tax. You must be very proficient will time the investment and expenses so that you don't pay extra taxes.

[@MIHMastermind]

Great Video, Impressive results❗

[@morajits]

I needed this. I’m also a working professional. I don’t work wall street or have the type of income she does but I clear almost 250k a year for nothing. My days are wasted and my kids are teenagers now. I accidentally became a landlord because of the pandemic and moving. Now I’m on rental number 2 and they’re only making about 12k each per year. Gotta go bigger.

[@BiggCope]

What do you mean by “..clear almost $250k a year for nothing”?

[@Austin-zr7he]

Nothing - Lost time with kids / wife

[@CORDERO09262]

Only those who’ve been “absent” parents because of their profession will have the ability to empathize with @morajits. 🙏🏼

[@morajits]

The amount of effort it took to get to that dollar amount was not worth the amount of lost time. Slowly making my way away from that life thru real estate. Buying my third property and going to start pour my energy into building a real estate empire with my kids.

[@eddiemalvin]

Does it have to be an either-or decision? Why not both? Is there an opportunity to restructure your work so that you have better work-life balance and your time isn't wasted? My wife and I both did this and now we have the best of both worlds: Salaries and benefits plus real estate income with plenty of time to manage both and still enjoy "family time".

[@mydarlingdaisy]

Likes this episode. However, when you buy a property with cash, you can cash flow. Being able to retire is all about the cash flow. Most people don’t have the funds to purchase a property cash or even put a large down payment. Therefore, cash flow opportunities are either nonexistent for most or greatly reduced. Huge fan of Bigger Pockets but keep putting out content that teaches creative approaches for the average owner and saver. How do they achieve cash flow, whether in real estate or otherwise? Thanks!

[@itsprezkev]

A lot of comments make it seem like it's easy to do this with her salary. Its certainly easier but a few things. Its telling that it took her 20 years or so. If youre making $400k in NYC, you lose 140-180k in taxes (i live in NYC and am an accountant for many high earning w2 professionals). Her rent was probably 2500-5000/month in those years. And if she had student loans she was probably paying at least 1500 month. Plus life expenses, savings, 401k. Again, far from poor, but still impressive. Lots of ppl are sitting on cash and have no idea how to deploy it or have analysis paralysis despite binging BP lol.

[@martyozaeta]

Don’t forget her husband was probably making the same or more.

[@RoccoG74]

Those 'little' facts seem to always get glossed over...... hmmmmm

[@martyozaeta]

It didn’t take her 20 years. She just didn’t even think of doing real estate until after her baby. Remember her husband was making 400k or more. They had an easy life. It to mention she grew up wealthy and her husband

[@02nupe]

Kudos to Kate talking about the Ashley Hamilton episode. I heard her episode on bigger pockets and on rants & gems (earn your leisure network) and those were absolutely motivational.

[@laurasamaniego5937]

Ashley Hamilton is AMAZING!

[@getinthespace7715]

Nice. I'm building a house this year in a tourist trappy market. I'll have the option of selling it after 2 years of living in it and making $500k profit tax-free by selling my primary residence, or I could make $40k-60k a season on short-term rentals. I'm thinking of building 2 houses and selling them to build a million dollars cash to invest. Then, I'd switch to building rentals. If I build 5 smaller rental houses, they could cost $200k and be worth over $500k each, but bring in $40k a season from each place. Debt free. We'll see how it goes. I think I could make more money faster by just building and selling. Also has lower tax and legal liability.

[@ShaanPuri.]

I know exactly who can help.

[@josephziolkowski217]

Where are you building for 200k with the land included and selling for 500k?

[@getinthespace7715]

@@josephziolkowski217, I'm not going to disclose my location but it's a small tourist trappy town of 4k people. If I build small 1500 sq ft slab on grade rental, on a $40k .8 acre lot. I could either Rent it out on Airbnb etc. for $40k-60k a season or sell it for $500k. The median household income in this little town is $41k, but the median house price is $750k. That's for a old 1500-1700 sq ft 3 bedroom built in the 70's that needs work. Saw one listed for $1.2 million near their little hospital that was renovated. It's pure lunacy. This can't be the only place. Look at small costal or lake communities around the country where they have healthy tourist industry and Airbnb's are allowed.

[@sidshri6080]

and thats in Cleveland. Imagine if it was in a good market. Amazing episode, thanks Kate! you are an inspiration to all of us.

[@bigballa8220]

When buying 4 properties in a year how does that effect your credit?

[@animallover4174]

He's so happy about the Recession coming in, like he's super excited to be witnessing it.

[@krose9941]

That's the perfect time to purchase a home.

[@hansenmarc]

There’s a lot of talk about how to convert equity to cash flow properties, but not many step-by-step examples of how to do it. Glad to have found this case.

[@chamixone]

Very inspiring… I make 30k a year working from home. I need to become a banker and get out of the house!

[@powelldiesel7422]

Must be nice to go from rich to rich. Hard to relate to this 😢

[@Wibb14]

Is what she has done realistic with today's interest rates?

[@AndresDCRealtor]

Love this channel! She made very smart investments which allows her to retire at 45 instead of 65.

[@ginacardarella]

I wish everybody would stop calling it past of income. I have yet to see real estate in landlords. It be passive. There's nothing passive about it

[@user-sz4fz6ou8u]

Well, starting with 900K sure helps.

[@dianekelly9648]

Has anyone considered going to Las Vegas Market and buying furniture and accessories at wholesale pricing ?

[@ShaanPuri.]

Yes I have

[@ShaanPuri.]

Diane I know someone that can help.

[@jasonjosephlee]

I always like to see all the different ways that Real Estate helps out a lot of people make a salary for themselves. So many ways to get creative. Multifamily investing changed my life.

[@franklincarreno8668]

Even though is not necessary in real estate, my dream is to get a MBA done as well. Very good video, story. Love it

[@entertainmentjunkies9926]

What a superstar tbh! She’s sosososo to the POINT! I love her smile when she talks about her kids and her brother crashing it. Family is the back bone of happiness and she knows that. What a HUMAN BEING. Do you have a social media where we could follow you at???

[@yenifferramos7274]

Oh my God. I am going to save this post cost! I am a full-time nanny and my dream is to be a stay-at-home mom with real state investment on the side. This video is my inspiration! Also, I am a part time psychologist student and in the future, I would love to give my time to people who needs it in family therapy into the Catholic community ☺️

[@melonibarber3524]

Thank u for this! U have no idea how this show has impacted me! With this path other doors will open!

[@Wavyysav]

I aspire to be like this! What a true hustler true leader and role model for everyone to see how its possible for everyone!

[@Lana2cute4u]

She’s an inspiration woman and very quick on her feet. I love it

[@erlynsantana5137]

😂 I stopped watching when she said she makes $600k and 1m in 401k. I like rags to riches stories. 😂

[@johnjohnrn8655]

I’d like to disagree with you but I definitely was tempted. These are people that started with large access to liquid. That doesn’t apply to me but I kept watching.

[@wesleyberry4261]

Same. Love BiggerPockets, but this is their most unrelatable episode yet

[@Pseudify]

There’s so much wrong with this comment it is staggering. First, you don’t know her entire life history and the challenges that she has overcome. Also, she is clearly an intelligent person and probably has something worthwhile to hear. And, she is clearly a very hardworking individual and that alone should be inspiring to most people. Finally, it shows a lack of imagination that you don’t think you can learn something useful for your own goals just because the person had a good paying job at some point. Biggerpockets would be negligent if they didn’t share stories from a diverse group of individuals. I wish you well with your investing goals.

[@cortishashort]

Thanks for saving me my time

[@gisellmorales5007]

Agreed but… there is so much to learn from this story as well! We all want financial freedom no matter what🥳🥳🥳🥳

[@aaronmurphy8796]

It would be cool if the show categorized what type of rentals The guest has or if it’s more like wholesaling that they do . Then we could filter for the types of investments we were interested in

[@dillyfrank5562]

I’ve never met an IB professional that loved what they did. But they all say it’s the best stepping stone in to most other careers.

[@KO-im6sm]

Stay on topic

[@God_of_Poets]

We cracking down on short term rentals in our state. Way too many rules and it’s definitely going to disrupt the AIRBnB industry.

[@harveymemories9202]

So I was wondering if it's possible to get a mentor ship with a bigger podcast. Please, I'm new to your channel. And I am very interested in becoming a investor in that help my family.

[@ShaanPuri.]

Harvey I know someone that can helo

[@gdelete8098]

I'm seeing more and more towns recently banning or limiting airbnb properties. When no short term rentals are allowed, that is highly impacting the purchase price in order to make the numbers work on long term rental income alone. Now that the property has negative cash flow and is valued less than the purchase price, are there any examples of what other airbnb owners are doing in this situation since the rental income doesn't cover the monthly MTI on long term rental alone?

[@onedropontv8863]

What a great story. Forget the money. This is what humans were made for.

[@LeezyLoco]

Real hustler.

[@gisellmorales5007]

Loved this episode! I can relate to her story. Left my 9-5 only because my drive to be at home and not go to an office was the highlight of my life! I now earn less than my 9-5 but I am my own boss!!! The $$$ difference I am “missing” I used to buy office clothe, shoes and bags for my important meetings. Not any more!!! And could not be any happier! I keep learning and investing and I have projected in less than 5 years I will double what I used to make in my 9-5🥳🥳🥳 How is it possible that David has not ever been to NY?😮😅

[@janeho2808]

Super relate . Great show so I dig deeper. I checked Cleveland Airbnb everything there near the clinic seems to be around $60/night as high….if 20 days of the month are rented, $1200….triplex will be $3600 gross…7 of them will be $25200/month gross. And yearly $302400…GROSS. But in the show profit is $350-450k. Anyone can tell me what info I am misunderstanding 😢😢😢

[@punksux99]

I was trying to figure out the same thing. Assuming $20k for operating cost/taxes per year and here mortgage is paid off, she would need 70k gross for each building. Each unit from a triplex would need to make $2k a month. In the show she nentioned $100 a night as an air bnb means Kate is renting 20 nights per month. The above is just my assumption but trying to put context into it

[@joshkathrinus5934]

Me too!

[@rlin656]

7 properties but 14-16 units.

[@itsprezkev]

Weekends are probably higher than weekdays, sporting events amd other things thay can impact dynamic pricing, overcharging on cleaning fees, maybe they,offer a vehicle for rent, adding fees if you have more than certain umber of guests....lots of different workarounds

[@veronikao3276]

3 bedroom apartments on Airbnb in downtown Cleveland on a weekday start at $240/day as of 02.06.24. She must have kept rates low in exchange for high occupancy...$100/day×30 days=$3k/month/apartment×3 apartments =$9k/month/triplex ×12 months=$108k Gross income minus operating - taxes - mortgage payment = $50k/year/triplex × 7 triplex = $350k/year

[@juliepark8411]

Just WOW.. dont know what else i can comment on her story..!!

[@Mav0585]

Finally - need more working professional shows. Vs the barista that now owns $100M in real estate with no money down!

[@kelvingavin9519]

Why?

[@alphagenisis1]

This implies a barista could not put money down on a home…

[@kelvingavin9519]

@@katelynch3475 Wrong!!!

[@sidshri6080]

@@katelynch3475 thank you so much!

[@Fabuloustransportation]

If your credit is good you can do no money down.

[@amconstructiontv1710]

Hello guys I need a advise my wife and me desire to buy a new home she want to but the house cash but I want to buy the house in credits and buy like 3 house with the rest of the money but she don't want to doing like it what do you recommend me to do

[@gordenlopes]

$350k PROFIT from 16 STR units in Cleveland, That's $25k per unit....I have been doing real estate for last 6 years and currently own 22 doors and I find it tough to believe those numbers....more power to her but those numbers don't add up

[@ShaanPuri.]

Lopes I know some that can help you.

[@HappyPenguin75034]

She explained it. Listen again.

[@punksux99]

9ne thing i failed to catch, are all of the units paid off? For kate to make 50k a year on one building, i am assuming it is to make that cash flow.

[@HappyPenguin75034]

No. She said $100 a night per floor. One house is $300 a night. That’s $110k a year. $50k a year profit. She had a niche. I mean not everyone can do this.

[@laprepper]

I get the sense she came into this with with a lot of capital😂

[@chamixone]

Which Cleveland is this?

[@buddyrevell511]

Cleveland, Tennessee

[@UsefulElectrons-ni1fq]

Cleveland Ohio, she said Lake Erie

[@embrj1453]

Well, she had the money to invest , and knowledge background, very hard to not succeed, however there are people with less resources that had made it too

[@ShaanPuri.]

I know someone that can help you

[@alessa_xo5319]

Are the 350-400 net after taxes or before? Great video!!

[@katelynch3475]

Sorry I tripped on the answer in the podcast. It’s ~$350k pretax profit, which was my income before leaving the w2. RE has better tax treatment, so I’m a little ahead with the same pretax income. I used round numbers to make it simple but I average $50k profit per house (last year one profited $65k and one was $40k but the podcast isn’t long enough to go through each one). I use maximum leverage, 30-year fixed rate loans. Keep in mind the seasonality of STR’s. They might rent for $60 per night in January and $400 per night when we have a major sporting event. $100 per night per unit is about my average across the year and it makes the math easy to understand. Anyone seriously interested in following this path can read Avery Carl’s STR Long Term Wealth book and you’ll have most of the tools to do what I do, assuming you’ve saved money for retirement.

[@OscarLook-sl4qu]

Thank you for these follow up details Kate. It makes a bit more sense to me now. You have a fantastic story (on of the best I’ve heard in a while) and are very inspiring. Cheers.

[@SpoileralertGMA47]

@@katelynch3475thanks Kate I appreciate you and this information I also subscribed to your channel!!

[@Alessaa2010]

Thank you Kate very impressive video! Could I do this in Ohio if I hire an Airbnb manager if I live in NYC or Miami (meaning if I am not on-site there)? Is this possible? Are there still good deals in those areas? And did you buy those properties all in cash or on a mortgage? I think you mentioned a mortgage but please elaborate on this again when you have a moment. And last question, did you find those houses through a real estate agent or by yourself? @@katelynch3475

[@tim4505]

I love that everyone's first question to Investment Bankers is, "Is Investment banking really......(that many hours/like the movies, etc etc)?"

[@mattinnj979]

Or rent them both out and move

[@jacobdittmer5512]

this could be a game changer for me. I have about $80K that i can spend and didn't realize the cash flow on short terms was that insane

[@huypham9458]

I am transitioning out from owning a Resturant to going into real estate but don’t know where to start , can someone please help ??

[@ShaanPuri.]

I know someone that can help you.

[@ShaanPuri.]

Go to my description.

[@joannahighet7266]

I just told my husband the other day that if I had $1 million to start with, I could create an economic engine of income producing properties immediately. The opportunities are endless when you have $$$ to invest. If only…

[@sidshri6080]

You just need 40k to get 80% 160k from bank to start on a decent property

[@sidshri6080]

@DavidGreene. David, link please 🙏

[@MrDomemi]

Maybe the best and most relatable episode I heard on BP. People rarely appreciate the power of golden handcuffs these high paying W2 jobs put. Great job breaking them to favor family time with your kids.

[@jtowensbyiii6018]

Because 90% of Americans don't make even 200k let alone the 400k she was making, she literally was in the top of the top of earners

[@user-lo8mv3th7g]

Amazing and inspiring Kate! My question to you, say you make average $100 per night its $3,000 a month but what about all the Mortgage, insurance, property tax and repairs expenses ? That $3,000 isn't the net profit right?

[@ShubhaVilasGovindaDas]

3000 per unit So 9000 for triplex - 3 units Assuming 70 % occupancy = 6300 Mortgage , expenses etc =2300 Net profit 4000 per month Annual 50k approx

[@mp12345]

Good 👍😅😊🎉

[@mtmt9899]

I made $20k last year. Hoping to make 400k this year then I am on my way to greatness.

[@Benzene75]

I earned 200 million last year just doing NOTHING in my sleep

[@ShaanPuri.]

Ben I know someone that can help.

[@Winston0Boogie]

I work about 80 hrs/wk and go to school ft. All my money niw is going into the markets but once i hit my goal of 12k/hr I'm buying properties.... mainly duplexes

[@ShaanPuri.]

Winston I know some that can help you make 6 figures annually.

[@ShaanPuri.]

Winston I know someone that can help 0:00

[@johnjohnrn8655]

Let’s be honest a background in finance will always serve as an real weapon in being an investor and toss on a high earning salary- it’s a win win when you aren’t afraid of numbers and you have access to cash. I know short term is not my avenue- I prefer to be a silent investor. Don’t call me for a leak or hair in the tub.

[@crazy3rdgen]

Gross or net? 100/ night doesn't come out to 50k yr per house. Especially if you have a mortgage.

[@romi929]

It’s very interesting how people explain their real estate journey and everything sounds sooo easy. In reality there are soo many details that are missed and that can literally make or break your business. Not mentioning that any investment made before 2022 ( when interest rates were so low ) is absolutely un relevant now when interest rates are 8% . Even if you got cash , you would need substantial more money now vs 4-6 years ago to buy the same property.

[@katelynch3475]

The show indicates that all of the investments were made between 2021 and 2023. If your math says that’s 4-6 years ago, you have bigger issues.

[@ShaanPuri.]

I know someone that can help you

[@johnjohnrn8655]

I know I don’t want to do short term rental- I am not here for the service industry . People are outrageously demanding and know how to milk the airbnb system. I want long term rental and I don’t want to manage at all. I want to oversee my property management.

[@pipe.dreamss]

Having that much money in the bank and a career that brings in that much yearly .. IS probably a great place to get there in 3 years.. 🤔 However, great strategy though. Good information here... Smart, hard working, go getter lady!!😊

[@Mark-gg8xx]

Good video, but has a person that grew up in NYC. If $400k-600k wasn't enough money to survive, their is a disconnect from reality.

[@embrj1453]

This woman is on a 220v circuit

[@mattinnj979]

Think of legacy for kids inheriting 40 doors

[@mattinnj979]

Move upstairs. Its a nightmare having someone live above

[@tinachxx110]

I don’t believe the numbers are that good. She said 9k per property? That’s at 100 percent occupancy. I think she mixed up and meant to say gross is 350k rather than net

[@tinachxx110]

@DavidGreene24.that part is the best part when she talks about numbers. I would love to hear more on the numbers for future. Why cut that out?

[@tinachxx110]

@DavidGreene24.averaging a net profit of 50k is extremely difficult. How can she possibly do that for 7 houses? I run airbnbs myself and I can tell it is hard to get those numbers and mine are successful

[@CoachDeBora]

"Especially if someone like HER can do it," was downright disrespectful. WOW!

[@billal-dz]

20k to furnish a house is a lot

[@alicoralic4194]

That’s why you use a heloc and the tenant pays it off or cash out refinance after the repairs 😉

[@eloyrodriguez6980]

@@alicoralic4194he wrote “20k to furnish a house is a lot” He did not write “how do you get 20k for furniture?”

[@rpvitiello]

She said it was $10k a household. Buying absolutely everything from scratch from furniture/ Appliances/ electronics/ bedding/ cookware/ dishes etc… with high quality and durable stuff is going to blow $10k fast.

[@thegiffordgroup]

I know of a way to avoid the 10% penalty!

[@joannahighet7266]

Following…

[@thegiffordgroup]

@@joannahighet7266 it does involve an attorney. So there are cost associated with doing it but if you have over 50k to pull out it makes sense to pay the attorney fees versus paying the IRS

[@amymitchell7996]

Are you going to tell us how?

[@thegiffordgroup]

@@amymitchell7996 You need to find a good QDRO attorney

[@shengyu668]

It’s not a easy job. She basically got a new job, just the time is more flexible. If she manage the short term rental herself, that’s a lot of work! This lady is a very hardworking person. Not that close to passive income.

[@quiksilver1j]

Investment banking sounds horrible

[@saintbenitz6291]

The greatest a woman can accomplish in her life is to create it. This is prove of it.