Twenty-eight rental units before turning twenty-eight years old? That takes some SERIOUS drive. But after talking to Jake Radawick, the whole story makes much more sense. Within three years, Jake built a rental property portfolio that brings in over $200,000 a year in rent and provides Jakes with a full-time salary’s worth of passive income. But Jake wouldn’t have done any of it if it weren’t for his family—specifically his brother.
Jake’s older brother has been his “why” for as long as he can remember. He broke through barriers and was able to achieve what most thought impossible of someone with autism. This gave Jake the confidence to go after goals that others told him weren’t achievable. And now, after three years, a lot of work, and some serious goals, Jake has a real estate portfolio that would have taken most investors decades to build. But it didn’t come without its struggles.
From financing blunders to pipes bursting and flooded basements, this episode will open you up to the realities of building a sizable rental portfolio. But, if you’re willing to take risks like Jake, pivot when possible, and build a team of investing experts, you too could replace your W2 income with real estate profits in just a few years!
In This Episode We Cover:
How to build a sizable real estate portfolio in three years or less
Knowing your “why” behind investing and why you NEED one to be successful
How to save up for a down payment and why side jobs are a MUST when building wealth
Live-in BRRRRs and capitalizing on equity to build your portfolio even faster
Investing out of state and why balancing cash flow with appreciation is a must
The “snowball” method that Jake used to buy properties faster than most investors
What to do when no one will finance your loan and why you should always have a great relationship with your banker
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Network with Other Investors at a BiggerPockets Meetup
Book Mentioned in the Show:
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Investing in Real Estate with No (and Low) Money Down by Brandon Turner
SCALE by David Greene
Connect with Jake:
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-746
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