Episode #455
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Can real estate investing still propel you to financial independence in 2024? Despite starting with very little money or know-how, this investor found creative ways to build a real estate portfolio of five rental properties and reach his financial goals!
Kadeem Leslie was just fifteen years old when he learned about FIRE (financial independence retire early) and set a lofty goal of retiring by thirty. He knew that real estate would need to be part of his journey, but like many new investors, he had very little money to start. So, he used the Airbnb arbitrage strategy, sleeping on his couch while guests rented his bedroom. In the first month, he covered his rent, and by the third month, he had already doubled his rental income. With proof of concept, Kadeem started renting out virtually any space he could find—from podcast studios to parking spaces—giving him money to buy his own rentals!
Today, Kadeem is financially free, but he has used several strategies and side hustles to get there. In this episode, you’ll learn how to combine real estate investing and other revenue streams to fast-track your portfolio. You’ll also learn why the one-percent rule is still possible in today’s housing market and why finding a top real estate agent is the key to uncovering a great deal!
00:00 intro
00:57 The Journey to FIRE
03:53 Rental Arbitrage 101
12:41 Building Income Streams
20:47 Current Portfolio & Partnerships
24:54 Kadeem’s Most Recent Deal
30:34 Advice for New Investors
34:46 Connect with Kadeem!