#214 - When to leave your day job for real estate - Matt Floyd

2024-03-20

In this episode of Living Off Rentals, our guest is someone who left his full-time job to live off rentals, a goal for many of us. Matt Floyd is a real estate investor who uses rental properties as his tool for financial freedom. Fresh from his transition from working a full-time day job to becoming a full-fledged entrepreneur, he shares great insight on how he got started doing real estate. He will also share the power of picking the right types of deals. Take a listen and enjoy the show! Key Takeaways [00:00] Introducing Matt Floyd and his...

In this episode of Living Off Rentals, our guest is someone who left his full-time job to live off rentals, a goal for many of us.

Matt Floyd is a real estate investor who uses rental properties as his tool for financial freedom. Fresh from his transition from working a full-time day job to becoming a full-fledged entrepreneur, he shares great insight on how he got started doing real estate. He will also share the power of picking the right types of deals.

Take a listen and enjoy the show!

Key Takeaways

[00:00] Introducing Matt Floyd and his background

[06:37] The mindset shift to financial freedom

[14:12] Transition to short-term rentals

[22:21] Different metrics to look for when deciding on a deal

[34:07] Lessons Matt learned in managing properties

[37:54] Getting VAs

[45:29] How much did Matt pay for VAs?

[47:21] Automation and property management back-end software

[52:31] His realizations after leaving his W-2 job

[57:43] Embrace the uncertainty of being a full-time entrepreneur