What’s YOUR reason for investing in real estate? For today’s guest, it was to achieve financial freedom and have a flexible schedule. By focusing on education, forming partnerships, and, most importantly, taking action, she was able to quit her job and acquire seven properties in just THREE years!
Welcome back to the Real Estate Rookie podcast! Sarah Msuya was firmly entrenched in her successful banking career when life threw her a series of curveballs. After her son was born prematurely and complications caused her to miss nine months of work, Sarah knew that a traditional nine-to-five was no longer an option for her and her family. She spent the next three years learning as much as she could about real estate and building a portfolio that provides $80,000 in cash flow per year!
Like many new investors, Sarah has dabbled in several investing strategies on her journey to financial freedom—from house hacking to flipping houses and everything in between. Eventually, she was able to pin down her niche—the BRRRR method. In this episode, you’ll learn how to find the best strategy for YOU and scale your portfolio through partnerships and creative financing!
In This Episode We Cover:
How Sarah brings in $80,000 cash flow each year from seven properties
Why you DON’T need to look ten years ahead before investing in real estate
How to cover your mortgage payment with the house hacking strategy
Three property management strategies you can use for your rental property
How to scale your portfolio FAST with partnerships, creative financing, and more
FHA loan limits explained (and how to avoid a surprise at closing!)
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
Get Tips, Advice, & Support in the BiggerPockets Forums
Grab Your Copy of “Real Estate Partnerships
Real Estate Rookie 207 - Working Towards Time Freedom “In the Trees” with 3 Treehouse Rentals:
Real Estate Rookie 742 - How to Achieve Financial Freedom Through Real Estate in 4 Steps:
Connect with Sarah:
Eileen's BiggerPockets Profile
Sarah's Bigger Pockets Profile
Sarah's Facebook
Sarah's Instagram
Sarah's LinkedIn
Jump to topic:
(00:00) Intro
(00:50) HUGE Life Changes
(06:42) $80K/Year Cash Flow!
(13:31) Sarah’s First House Hack
(20:52) How to Scale FAST
(27:51) Property Management 101
(31:57) Connect with Sarah!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-399
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315: House Poor to HUGE Cash Flow by Doing THIS: Robuilt’s Rags-to-Riches Story w/Rob Abasolo
314: Rookie Reply: Mortgage Points, Seasoning Periods, and Cash-Out Refinancing 101
313: The REAL Side of Real Estate: When Rehabs and Rentals Go Wrong w/Tyrin Tyson
312: Rookie Reply: The Seller Hasn't Responded...What Do I Do?
311: DIY Real Estate Hacks That Will Save You a FORTUNE on Your Deals w/Shaun Kelly
310: How to Grow Your Rental Portfolio EVEN Faster w/Real Estate Partnerships
309: How to Quit Your W2 Job and Replace Your Income with Just 6 Rentals w/Travis Hall
308: Rookie Reply: Don’t Chase Cash Flow! Use THIS Metric to Analyze Your Deals
307: How to Protect Your Rental from Fires, Floods, Lawsuits, and Liability
306: Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio w/Chad Carson
305: The Rookie’s Guide to Analyzing Rental Properties and Airbnbs in 2023
304: Rookie Reply: Don't Have 20% Down? Here's How to Fund Your Next Investment
303: How to “Supercharge” Your Real Estate Portfolio with Investor Meetups w/Spencer Carpenter
302: Rookie Reply: How to Get 100% Financing for ALL of Your Real Estate Deals
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301: 12 Doors and a $4M Portfolio as a Real Estate Power Couple w/Zosia Madden
300: Making $8K/Month from 2 Doors and How to Get HUGE Cash Flow with Fewer Units w/Rachel Richards
299: The 4 Steps to Financial Freedom Through Rental Property Investing
298: How Tony Lost $100K on ONE Real Estate Deal (AVOID These Critical Mistakes)
297: Traveling the World Thanks to One $6,500/Month Rental Property w/Olivia Tati
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