Episode #480
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Real estate investing could help you achieve your financial goals, whether it’s to make enough cash flow to replace your W2 income or build wealth for an early retirement. Like many, today’s guest is chasing financial freedom, and thanks to a unique property that brings in $5,000 in monthly cash flow, he’s well on his way!
Welcome back to the “Real Estate Rookie” podcast! Rocky Gibson knew he wanted to invest in real estate since his college days, so after landing his first “real” job out of school, he wasted no time buying his first property. Since then, it’s been full speed ahead for Rocky, and in just five years, he has built and scaled his real estate portfolio from zero to fifteen units and two flips. His main investment property, an eleven-unit RV park, nets $5,000 per month alone!
In this episode, Rocky talks about the power of renting by the room, leveraging your personal network, and using home equity to grow your portfolio and get access to private deals. You’ll even hear about the $100,000 mistake that Rocky almost made and how altering his strategy allowed him to not only salvage the deal but also make a profit!
00:00 Intro
00:31 Why Real Estate?
04:23 House Hacking 101
12:01 Building the RV Park
19:47 Tapping Into His Network
27:28 Funding the Campers
30:17 Cash Flow & Investing Goals
34:57 Cash Flow & Investing Portfolio
35:49 Connect with Rocky!
