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Buy 3 Rentals. Pay Them Off. Financial Freedom. Analytics Table
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Episode #1345 Baselane: Real estate banking and bookkeeping that removes the manual work of managing multi-property finances. Sign up now 👇: https://www.baselane.com/bp *Financial freedom with three rental properties?* It almost sounds _too_ easy, but it’s reality for *today’s guest,* who *went from making roughly $11 an hour to* having *more than enough cash flow* to live on. With a little hard work and discipline, *Lucas Teague* saved $10,000 to *buy his very first rental property.* He made several offers and heard plenty of “nos.” But he only needed one “yes.” And *that first yes changed everything.* Lucas repeated the process: *buy a “cheap” property, live in it, fix it up, and make tens of thousands of dollars.* But instead of racing to build a massive real estate portfolio, *Lucas settled on three rentals and started paying them off.* Now *he’s almost completely debt-free* and earns enough rental income to cover his family’s expenses and _then_ some. Lucas has all that he needs. Now, he’s focused on a new objective: giving back. In this episode, he’s sharing an *unconventional but proven path to financial freedom* so YOU can do the same. Episode Show Notes: https://lnk.to/biggerpocketsYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab the Book, _Start with Strategy_ : https://store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the Investor Brief Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch Should You Pay Off Your Mortgage Early or Invest?: https://www.biggerpockets.com/blog/pay-off-mortgage?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Lucas: https://www.biggerpockets.com/users/lucast19?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Henry: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 01:26 Saving $10K for a House 06:27 Buying the Second Property 11:24 Sponsor: Baselane! 12:38 Lucas’s Rental Strategy 17:58 Paying Off His Rentals 20:25 Building His “Dream House” 23:45 Developing Raw Land 29:18 Finding Up-and-Coming Neighborhoods 31:53 Connect with Lucas!
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