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Can you still retire early in today’s housing market with rental properties? Today’s guest might prove all the doubters wrong, as he’s on track to reach financial independence in just six years with his small portfolio of (mostly) long-term rentals. In his market, he’s achieved anywhere from twenty to thirty percent cash-on-cash return, attracting almost unbelievable tenant demand for properties well below the national average home price. Want to repeat his strategy and retire early, too?
After reading “Rich Dad Poor Dad” in 2020, Scott Gordon was determined to build a real estate portfolio. But his risk-averse spouse had hesitations. He knew he had to win her over, so they settled on buying a very low-priced property in a great neighborhood. It ended up being a home run deal, and since then, Scott has repeated this same strategy multiple times, making serious cash flow on his multiple long-term and one short-term rental properties. This has allowed Scott to close in on his FIRE goal of $6,000/month in passive income, and he’s getting close. You can do it, too, but you MUST follow the advice and tips he shares in today’s video!
00:00 Early Retirement with Rentals?
02:23 28% Return FIRST Deal!
04:32 Getting Your Partner on Board
08:17 SAVE Your Money!
10:34 Portfolio Numbers
12:27 Switching to Short-Term Rentals
14:50 Pitfalls to Avoid
18:31 Financial Freedom Goal
20:52 Advice for Rookies
