BiggerPockets Real Estate Podcast
Business:Investing
Just six years ago, Corey Kent was a broke college graduate, renting out half of a room to save money, eating the same meal every day of the week. His dream was to make a living as a musician without selling out. Now, most country music fans know Corey's name and his platinum record speaks for itself. But what you don’t know is that Corey fueled his music career thanks to a handful of properties he bought years ago.
Corey’s side project real estate portfolio allowed him to launch his music career, make passive income when times got tough, and fall on his feet when the world was shut down. Corey was looking to invest in property at just seventeen years old, but when a bank turned him away, he had to change his entire mindset and learn the personal finance game from a very early age.
After his grandfather taught him the do’s and don’ts of buying raw land, Corey slowly built his real estate portfolio. At this time, Corey was below the poverty line, sleeping in his truck and saving whatever money he could to invest. He continued to buy property, EVEN when times were tight, successfully using his passive income to help him leapfrog into later becoming a chart-topping musician who now can follow his one true passion.
In This Episode We Cover:
Investing in real estate when you have low (or no) credit
Buying land and the rule of thumb that Corey ALWAYS follows before he invests
Corey’s “side project” passive real estate portfolio that helps pay for his lifestyle
How one rental property saved Corey’s family when the lockdowns began
Why real estate DOESN’T need to be your passion to build passive income
And So Much More!
Links from the Show
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12 Ways To Make Passive Income From Real Estate Investing
The Risks and Rewards of Investing in Raw Land
Is Raw Land the Most Underrated Asset of 2023?
Connect with Corey:
Corey's Facebook
Corey's Instagram
Corey's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-809
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950: The Easiest Way to Invest in Real Estate in 2024 w/Terrence Terrell
949: Seeing Greene: Is Losing $800/Month in Cash Flow Worth $200K+ Equity?
948: 10 Rentals in 5 Years by Buying in Overlooked Short-Term Rental Markets w/Jarrod Tucker and Yiwei Cheng
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945: Seeing Greene: Stolen Properties and Why Your Rate Doesn't (Really) Matter
944: 3 Ways We Find Real Estate Deals Even During the Harshest Housing Markets
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941: Seeing Greene: Are Home Warranties Worth It & When to Pay Off Debt vs. Invest?
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939: BiggerNews: 100% Financing for First-Time Home Buyers is HERE w/Jeff Welgan
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937: Seeing Greene: Paying Off Rentals, Estimating Crime, & Replacing Your Salary
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935: BiggerNews: Investing with High Rates, Stubborn Inflation, & Low Supply w/Kathy Fettke
934: How to Pay Less Taxes by Buying Real Estate (1 Write-Off You’re Overlooking) w/Brandon Hall
933: Designing for Dollars: 7 Design Tips That Could Double Your Airbnb Revenue w/Erica Dike
932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K
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