Want to invest in real estate but fear you don’t have the time or energy? You DON’T need to quit your day job to build a cash-flowing real estate portfolio, and today’s guest is proof. In just two years, he scaled to six rentals (12 units) while holding down his nine-to-five—all thanks to a strategy that stretches your money further than you thought possible!
Welcome back to the Real Estate Rookie podcast! After immigrating to the US, Hoai Nguyen took the traditional path of college, career, marriage, and children. But when he realized he’d be stuck in the rat race until normal retirement age, he went looking for a better way to build wealth—and found it in real estate. Starting with just $40,000, he used the BRRRR method (buy, rehab, rent, refinance, repeat) to buy six rental properties in only two years!
Despite Hoai’s rapid success, the journey hasn’t been easy. In fact, his first few properties gave him his fair share of headaches, from leaks to lawsuits. But by taking action, learning through experience, and staying consistent, he gained the confidence to keep buying rental properties. Tune in and he’ll show you how to do the same!
In This Episode We Cover
How Hoai built a 12-unit portfolio in just two years (while working a full-time job)
How to find overlooked real estate deals on the multiple listing service (MLS)
The secret to getting your spouse on board with your investing goals
Scaling fast with the BRRRR strategy (buy, rehab, rent, refinance, repeat)
Common investing mistakes that will cost you time and money (and how to avoid them!)
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-572
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