Intermediate to advanced personal finance strategies for people serious about the FIRE (financial independence retire early) movementβnot just dreaming about it.
Tune in on Tuesdays and Fridays for new BiggerPockets Money episodes with your hosts, Mindy Jensen and Scott Trench! Or visit BiggerPocketsMoney.com with additional resources.
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560: Dude ACTUALLY Withdraws From His 401(k) and Retires at 47
Episode 560
Tuesday, September 3, 2024 β’ Duration 46:54
Did you know you canΒ use your 401(k) toΒ retire early? Yep, itβs possible. And todayβs guest,Β Eric Cooper, is doing it atage 47! Most FIRE chasers search for how to withdraw from a 401(k) early but know that doing so will hit them with substantial penalties. The best way around this?Β The 72(t) ruleβwhich is precisely what Eric has been taking advantage of. Eric uses the 72(t) ruleβs βsubstantially equal periodic paymentsβ toΒ take early withdrawalsΒ from hisΒ 401(k)Β of $30K per year, starting at age 47. But how does it work?
Eric comes on the show to describeΒ exactly how this early withdrawal rule works, how much you can take out, the regulations to follow so you avoid penalties, and why early retirement may be much closer than you think. But this isnβt the only early retirement income Eric has got. Weβll review hisΒ substantialΒ real estate portfolioΒ and detail Eric's almostunbelievable tax savingsΒ from combining tax-advantaged rental properties with rule 72(t).
Plus,Β Eric shares how he built a multimillion-dollar nest eggΒ by his mid-forties and why those starting young on the path to early retirement can repeat his strategy to be much richer in retirement. Do you have money sitting in retirement accounts that youβre ready to use? The 72(t) rule might be just what you need.
In This Episode We Cover
How to access retirement funds earlyΒ with the often overlooked 72(t) rule
Escaping the βmiddle-class trapβΒ that stops you from retiring on your terms
Avoiding 401(k) penalties andΒ using retirement accountsΒ to actuallyΒ retire earlyΒ
The rules and regulations you MUST follow toΒ withdraw penalty-freeΒ
How Eric amassed such aΒ massive retirement accountΒ balance (and how you can, too)
Early retirement healthcareΒ and how to lower your taxable income to greatly reduce premium costs
AndΒ SoΒ Much More!
Links from the Show
BiggerPockets Money Facebook Group
Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Mindy on BiggerPockets
Scott on BiggerPockets
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
BiggerPockets Money Group
How to Access Retirement Funds Early
72(t) CalculatorΒ
See Mindy and Scott at BPCON2024 in Cancun!
How the βMiddle-Class Trapβ Stops Your Early Retirement
00:00 intro
01:14 What is Rule 72(t)?
05:30 Avoiding Early Withdrawal Penalties
11:12 Building a BIG Nest Egg
17:14 Retiring Early at 47!
18:00 Different Investment Accounts
21:41 Why Withdraw Early?
24:52 Rental Income and Healthcare
30:44 Selling the Rentals?
32:54 Calculating Your 72(t) Income
38:40 Advice for Early Retirement
41:18 Connect with Eric!
Check out more resources from this show onΒ BiggerPockets.comΒ andΒ https://www.biggerpockets.com/blog/money-560
Interested in learning more about todayβs sponsors or becoming a BiggerPockets partner yourself? EmailΒ advertise@biggerpockets.com
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559: How I Retired in My Mid-30s While Working Just 4 Hours a Week
Episode 559
Friday, August 30, 2024 β’ Duration 30:18
What if you could βretireβ early,Β working only FOUR hoursΒ a week?Β Coast FIREΒ achieverΒ Diania MerriamΒ did just that! After a decade of hustle in corporate America, Diania found herself financially behind withΒ $30,000 in debt. Dreaming of a life-changing adventure but lacking the funds, she decided to overhaul her finances. Fast forward, and now in her mid-thirties, sheβs debt-free,Β successfullyΒ self-employedΒ (or, as she puts it, happily βunemployedβ), living life on her terms.
So, how did Diania save enough toΒ walk away from her nine-to-five? The answer might surprise you. She didnβt need millions in the bank, and neither do YOU, to embrace early retirement. Diania asks,Β βDo you have enough to take a risk?βΒ If you do, you could live theΒ Coast FIRE lifestyle, just like her, working minimal hours and maximizing time freedom.
Ready toΒ slash your workweekΒ and dive into what you love? Stick aroundβby following Dianiaβs example, early retirement could be within your reach, EVEN if youβre just getting started on your FIRE journey!
In This Episode We Cover
Why you must be financially prepared toΒ quit a soul-sucking jobΒ
Achieving Coast FIRE without millionsΒ in the bank and how to be happy living off of little
WhyΒ self-employed health insuranceΒ isnβt as big of an expense as most people think
Burning out before you hitΒ FIREΒ and why being hyper-fixated on a financial goal could kill your drive
HowΒ starting your own businessΒ can save you a ton on taxes
How toΒ βretireβ earlyΒ without replacing yourΒ full-timeΒ salaryΒ
AndΒ SoΒ Much More!
Links from the Show
BiggerPockets Money Facebook Group
Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Mindy on BiggerPockets
Scott on BiggerPockets
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
BiggerPockets Money Group
Let Us Know What You Thought of the Show!
Grab Daveβs Newest Book βStart with Strategyβ
See Mindy at BPCON2024 in Cancun!
Coast FI: The Calculated Way to Retire Early WITHOUT Giving Up What You Love
00:00 Intro
01:03 $30K in Debt!
03:22 Quitting Her "Toxic" Job
09:23 What About Health
12:02 How Much She Makes
20:53 You Have ENOUGH Money!
25:24 Connect with Diania!
Check out more resources from this show onΒ BiggerPockets.comΒ andΒ https://www.biggerpockets.com/blog/money-559
Interested in learning more about todayβs sponsors or becoming a BiggerPockets partner yourself? EmailΒ advertise@biggerpockets.com
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551: Retired Early at 44 by Buying These "Boring" Investments
Episode 551
Friday, August 2, 2024 β’ Duration 18:28
ToddΒ retired early at age forty-four, justΒ three years after discovering theΒ FIRE movement. The most interesting part? He quit without reaching his FIRE number. Thatβs right. After realizing heΒ couldnβt go one more day working his job, he quit, even without the perfect amount of money on the sidelines. Did he survive in the FIRE life, or did he eventually have to return to work to rebuild his portfolio? Stick around and find out!
Although Todd made a good income, he spent most of it on his lifestyle. As hisΒ familyβs sole provider, every expense took away from his income, leaving him with a respectable but by no means large savings rate. One day, as Todd surfed the internet at work, he stumbled upon a financial independence blog post, and the rest was history! HeΒ chased FIRE ruthlessly for three yearsΒ and eventually was able toΒ retire on his terms.
If youβre looking toΒ retire in your forties, quit your job,Β findΒ financial freedom, or finally grow your savings, tune in for Toddβs advice. Even if you donβt have a high income, you can follow his cost-cutting,Β βboringβ investing advice to achieve financial independenceΒ faster than you thought possible!
In This Episode We Cover
TheΒ βboringβ investments that lead you to financial independenceΒ and early retirement
Coming up with yourΒ FIRE numberΒ and whetherΒ the 4% ruleΒ still works
Getting richer in retirementΒ and how to build wealth WITHOUT working
How cutting your expenses willΒ fast-track your path toΒ early retirement
Quitting your jobΒ and why you MUST prepare for life in retirement BEFORE you walk away from your salary
AndΒ SoΒ Much More!
Links from the Show
BiggerPockets Money Facebook Group
Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Mindy on BiggerPockets
Scott on BiggePockets
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
Property Manager Finder
Apply to Be a Finance Friday Guest
Subscribe to The BiggerPockets Money YouTube ChannelΒ
Apply to Be a BiggerPockets Money Guest
Apply to Be a Finance Review Guest
EmailΒ mindy@biggerpockets.comΒ for the 4% Rule Article or Toddβs Contact Information
See Mindy at BPCON2024 in Cancun!
How to Retire Early (From Someone Who Did at Age 27)
00:00 Intro
01:09 Finding the FIRE Movement
03:24 Getting His Wife on Board
04:38 His FIRE NumberΒ
05:32 FIRE Movement MythsΒ
07:37 Getting Richer in RetirementΒ
11:55 Quitting His Job!
13:14 Prepare for Post-FI!
Check out more resources from this show onΒ BiggerPockets.comΒ andΒ https://www.biggerpockets.com/blog/money-551
Interested in learning more about todayβs sponsors or becoming a BiggerPockets partner yourself? EmailΒ advertise@biggerpockets.com
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461: How to Pull Yourself Out of Car, Student, or Credit Card Debt
Episode 461
Monday, October 23, 2023 β’ Duration 43:35
You want to retire, but youβve gotΒ credit debt, auto loans, andΒ student loans. It feels like every time you get your paycheck, it quickly slips away, and at the end of every month, youβre left in the same position, or worse, than thirty days prior. Whatβs happening, andΒ why is it SO hard to get out of debt?Β AndΒ will you EVER be able to retireΒ if you keep living this way?
Seth GodwinΒ wasΒ fired from his job while holding $30,000 in credit card debt. He had no way to pay it off, but somehow, over the next two years, he was able toΒ becomeΒ debt-free, increase hisΒ credit scoreΒ by hundreds of points, and become one of the internetβs leading financial influencers. After crawling out of debt, Seth began working at a financial institution, looking atΒ car loans, realizing how many people, like him, had beenΒ scammed into throwing tens of thousands of dollars away.
Now, on the other side of the financial spectrum, Seth is financially flourishing with a steady stream of income, stable investments, and twenty-seven (!)Β credit cardsβbut heβs still debt-free! In this episode, Seth will show youΒ EXACTLY how car salespeople are scamming you, how toΒ escape credit card debtΒ confidently, what to do now thatΒ student loans are resuming, andΒ why you SHOULDNβT trade in your old car.
In This Episode We Cover
TheΒ common auto loan scamsΒ thatΒ trick you into spendingΒ FAR more than you should
Why you shouldΒ NEVER trade in a βnegative equityβ carΒ to upgrade
TheΒ best car makes to buyΒ (and two that rarely break down)
How to crawl yourself out of credit card debtΒ and come out with a 700/800 credit score
How much money Seth makes on TikTokΒ every month (itβs WILD!)
Student loan resumptionΒ and whether college is worth the increase in salary
AndΒ SoΒ Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Scott's Instagram
Mindy on BiggerPockets
Grab Scottβs Book, βSet for Lifeβ
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Money Moment
Is College Worth It (Part1)
Is College Worth It (Part 2)
Liz Frugalwoods
Tinian Crawford
Side Hustle Resources:
Side Hustle Nation
Budgets Are Sexy
Click here to check the full show notes:Β https://www.biggerpockets.com/blog/money-461
Β
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself?Β Email us:Β moneymoment@biggerpockets.com
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460: The Fast Road to FIRE and Our Housing Market Crash Predictions | Ask Mindy and Scott
Episode 460
Friday, October 20, 2023 β’ Duration 38:25
Will theΒ housing market crash?Β If youβre like most Americans, theΒ economyΒ is starting to feel a bit unsettling. But, with so manyΒ homeowners locked into low mortgage ratesΒ or owning their homes outright, is there even a possibility of a housing crash, regardless of whether aΒ recessionΒ does happen?Β The answer isnβt as straightforward as most people think, and if you donβt know the facts, you could get caught off guard.
Mindy and ScottΒ are back to answer YOUR money questions. This time, weβre taking questions from our Facebook Group, and MANY have to do withΒ mortgage rates, home sales, and aΒ potential crash. First, we answerΒ what could cause a housing market crashΒ in the near future. Then, a listener asks whether or not they shouldΒ sell their home to pay off credit card debt. An investor wants to know ifΒ paying off their mortgage early beats the stock market, and a divorcee seeks to sell her home because of βbad juju.β The problem? Sheβs got a killer mortgage rate. Finally, weβll debateΒ stocks vs. real estate as the best path toΒ FIRE!
Got a money question you want to ask Mindy and Scott?Β Head over to theΒ BiggerPockets Money Facebook group, orΒ click here to submit your questionΒ on our next Q&A episode!
In This Episode We Cover
Could the housing market crash?Β And if so, which areas will be most affected?
Crazy credit card debt and whetherΒ selling your homeΒ is worth beingΒ debt-free
Should you stay in a house you hateΒ just because you have a low rate?
WhenΒ leaving your business to go back to a W2Β makes sense
Paying off your mortgage earlyΒ vs. investing in stocksΒ when rates are sky-high
TheΒ fastest path toΒ financial freedomΒ and whether stocks vs. real estate gets you there sooner
AndΒ SoΒ Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Scott's Instagram
Mindy on BiggerPockets
Grab Scottβs Book, βSet for Lifeβ
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Money Moment
Money and Relationships: How to Have βThe Talkβ Before Itβs Too Late w/Vivian Tu
SeriouslyβWhy Hasnβt the Housing Market Crashed Yet?
Should You Pay Off Your Mortgage Early or Invest?
I Will Teach You To Be Rich Episode 80
Click here to check the full show notes:Β https://www.biggerpockets.com/blog/money-460
Β
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself?Β Email us:Β moneymoment@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
459: Divorce Season: How to Protect Your Financial Future During Separation
Episode 459
Monday, October 16, 2023 β’ Duration 48:38
Marriage and moneyΒ are known for mixing like oil and water, but a littleΒ financial knowledgeΒ will allow you to navigate these sensitive issues with confidence. Todayβs guest is an expert on this front and is here to equip you with someΒ future-saving finance tips!
Welcome back to theΒ BiggerPockets MoneyΒ podcast! In this episode, weβre joined byΒ Tracy Coenen, aΒ forensic accountantΒ who specializes inΒ unearthing money shenanigans in marriages. On most days, Tracy works closely with spouses who suspectΒ financial infidelityΒ or that their partner is makingΒ financial arrangementsΒ inΒ preparation for a divorce. This is a vulnerable position for any partner to be in, but with Tracy in their corner, they can betterΒ handle their financesΒ and weather the storm.
Whether youβreΒ single,Β preparing for marriage, orΒ filing for divorce, this episode is loaded with all kinds ofΒ personal finance tipsΒ that will help youΒ protect your financial future. Tracy shares why itβs critical for all couples to draft upΒ prenuptial agreementsΒ before getting married, theΒ biggest warning signsΒ ofΒ financial infidelityΒ in a partner,Β and when you might need toΒ hire a forensic accountantΒ to assist with your maritalΒ money problems. Stay tuned until the very end to hear about some of the wildest cases Tracy has worked on over the years!
In This Episode We Cover
CommonΒ marriage andΒ money-related stressors that contribute to divorce
When to hire a forensic accountantΒ for your marital money issues
TheΒ biggest warning signsΒ ofΒ financial infidelityΒ orΒ divorce planning
Why you and your partner NEED aΒ prenuptial agreementΒ before getting married
Keeping legal costsΒ under controlΒ during the divorce process
How a coupleβsΒ finances and assets are typically dividedΒ in a divorce
AndΒ SoΒ Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Scott's Instagram
Mindy on BiggerPockets
Grab Scottβs Book, βSet for Lifeβ
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Money Moment
What Out for These Financial Infidelity βRed Flagsβ in Your Marriage w/ Tracy Coenen
Why Youβre (Probably) Wrong About Prenups w/ Aaron Thomas
Money and Relationships: How to Have βThe Talkβ Before Itβs Too Late w/ Vivian Tu
Getting Financially βNakedβ with Your Significant Other w/ Erin Lowry
Connect with Tracy and Get $100 Off Your Divorce Money Guide
Click here to check the full show notes:Β https://www.biggerpockets.com/blog/money-459
Β
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself?Β Email us:Β moneymoment@biggerpockets.com
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458: Finance Friday: Pay Off Debt, Invest in Real Estate, orβ¦Buy Vending Machines?
Episode 458
Friday, October 13, 2023 β’ Duration 45:51
What ifΒ one part-timeΒ side hustleΒ could replace your entire income? Even better, what if you could keep your full-time job andΒ spend a few hours a week making thousands extra a month, raking in cash, and reachingΒ financial freedomfaster? If youβre todayβs guest,Β Ryan, then this is the situation you find yourself in. Donβt know whichΒ super lucrative side hustleΒ weβre talking about? Stick around because you may have never thought of it before.
Ryan works full-time as a registered nurseΒ in one of the most expensive areas of the country, Northern California. Heβs made some ingenious money moves that allowed him toΒ quadruple his income in just four yearsΒ and live close to free every month in his own house. But, with aΒ baby on the way, Ryanβs lucrativeΒ house hackingΒ lifestyle may be coming to a close, and heβs debating what to do next. Should heΒ pay off student loans,Β buy another homeΒ for his new family,Β stay in his current property, orΒ expand his successful side hustle?
The good thing is that any of these moves could make Ryan richer, but heβll be strapped for time with aΒ sixty-hour-per-week working scheduleΒ and a newborn requiring constant attention. So, whatβs the best money move to make for his future family? And should he go all-in on thisΒ wild side hustleΒ that could make him even more than his job?
In This Episode We Cover
RyanβsΒ unbelievably profitable side hustle that almost anyone can startΒ NOW
House hacking 101Β and how to live-mortgage free every month
WhenΒ paying off debtΒ DOESNβT make senseΒ (and what you should do with the money instead)
Investing in real estateΒ vs. your side hustleΒ and why mortgage rates have changed the game
Buying businesses from retiring baby boomersΒ and the HUGE opportunities out there
How Ryan quadrupled his salary in just four years (without burning out!)
AndΒ SoΒ Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Scott's Instagram
Mindy on BiggerPockets
Grab Scottβs Book, βSet for Lifeβ
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Money Moment
Alex Hormozi on The βWeak Linksβ That Will Make Anyone a Millionaire
Leila and Alex Hormoziβs Unbelievably Simple Investing Advice
Codie Sanchez: These βBoring Businessesβ Will Make You Rich
How to Make Extra Money in 2023: 21 Ideas for Part-Time Gigs & Side Hustles
Passive Income, Aggressive Retirement
Click here to check the full show notes:Β https://www.biggerpockets.com/blog/money-458
Β
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself?Β Email us:Β moneymoment@biggerpockets.com
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457: Money and Relationships: How to Have βThe Talkβ Before Itβs Too Late w/Vivian Tu AKA βYour Rich BFFβ
Episode 457
Monday, October 9, 2023 β’ Duration 43:00
Vivian Tu, AKA βYour Rich BFF,β is the internetβs expert onΒ money andΒ personal finance. She was doing schoolyard trades before she worked on Wall Street, and now, as the host ofΒ Networth and Chill, she talks about the much more profound aspects of finances. Stuff likeΒ love, marriage, happiness, and when to ditch anotherΒ dateΒ withΒ someone who could put you in financial ruin.
Americans tend to think with their hearts and less with their heads when finding love. The problem with that logic?Β Money is usually the single-largest reason forΒ divorce, so if your partner doesnβt have their money right, your relationship could be rocky. So, how do you know from the jump ifΒ someone is financially savvy enough to build your life with? And, if you already have a partner, what do you do if theyβre not in the financial spot you need them to be in?
In this episode, Vivian walks through theΒ financial red flagsΒ you should look for on aΒ first date,Β questions to askΒ to see how a potential partner is doing financially, theΒ BIGGEST money mistake in relationships, and how to start financial planning together so you can live a happier, healthier, and wealthier life.
In This Episode We Cover
TheΒ biggest money mistake that most couples makeΒ (and how to fix it NOW)
Money questions to ask on a first dateΒ (they wonβt know youβre asking about money...)
The mandatoryΒ βmoney dateβΒ that Vivian and her partner regularly have
Make a change or break up?Β What to do when your partner isnβt on the same financial path as you
Financial planningΒ as a coupleΒ and accomplishing your biggest financial goals together
AndΒ SoΒ Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Mindy on BiggerPockets
Amanda's Instagram
Amanda's Website
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Money Moment
16 Money Skills They Didnβt Teach You in High School
Divorce: The Biggest Marriage and Money Mistakes to Avoid
Smart Money Mamasβ Emergency Binder
Click here to check the full show notes:Β https://www.biggerpockets.com/blog/money-457
Β
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself?Β Email us:Β moneymoment@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
456: The Harsh Reality Real Estate Syndicators (and Investors) Face in 2024
Episode 456
Friday, October 6, 2023 β’ Duration 57:53
ManyΒ real estate syndicationsΒ are facing absolute failure in 2023. But, even if you arenβt investing in any, this could be aΒ learning experience like no otherΒ to help youΒ build your wealthΒ in the future. If youβve never heard of a real estate syndication before, hereβs a quick summary: a real estate syndication is where an βoperatorβ raises money from a group of investors to buy a large commercial property, often an apartment complex, self-storage facility, or housing community. Over the past ten years,Β these investments have boasted massive profits,Β but everything is about to change.
Real estateΒ syndications face obstaclesΒ like they never have before.Β RisingΒ interest ratesΒ andΒ vacancies, a backlog ofΒ evictions,Β plummeting prices, and inexperienced operators who have NEVER been in a down market. These failed deals could lead to opportunities for you toΒ invest at a massive margin, but how do you knowΒ which deal is worth putting money into?
J Scott, world-famous investor, flipper, syndicator, and author, is on the show to explainΒ exactly what to look for in a syndication, whether investing now is the right move to make, and what to know before investing in a syndication. The right syndication can make you hundreds of thousands in a completely hands-off, passive investment. The wrong syndication can tank your entire net worth. How do you know which is which? Tune in!
Β
In This Episode We Cover
Syndication investing explainedΒ and whether putting money into thisΒ βpassiveβ investmentΒ is worth it
TheΒ commercial real estate crashΒ and why property values are plummeting
Massive economic headwindsΒ syndicators face in 2023 and why many wonβt survive
The danger of βfloating ratesβΒ and why many syndicators could beΒ forced to sell
Accredited vs. non-accredited investorsΒ and who should consider syndication investing
TheΒ most critical question you should ask ANY syndicatorΒ Β
AndΒ SoΒ Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Scott's Instagram
Mindy on BiggerPockets
Grab Scottβs Book, βSet for Lifeβ
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Money Moment
Grab the Best-Selling Real Estate Books by J Scott
Syndications: Everything You Need to Know BEFORE You Invest
The Biggest Crash Imaginable is Coming For Commercial Assets
REITs: How to Make Real Estate Money WITHOUT Owning Rentals w/Jussi Askola
Β Click here to check the full show notes:Β https://www.biggerpockets.com/blog/money-456
Β
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself?Β Email us:Β moneymoment@biggerpockets.com
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Learn more about your ad choices. Visit megaphone.fm/adchoices
455: REITs: How to Make Real Estate Money WITHOUT Owning Rentals
Episode 455
Monday, October 2, 2023 β’ Duration 52:21
WantΒ passive income?Β Well,Β DONβT invest in rental properties.Β BuyΒ REITsΒ (real estate investment trusts)Β instead. Yes, you read that right. Although rental properties are a phenomenal way to build wealth and cash flow and pay fewer taxes on your income, they arenβt the most βpassiveβ type of investment around. Between the 2 AM tenant phone calls, leaky toilets, evictions, and common headaches of owning a house,Β rental properties might not be worth theΒ extra incomefor most Americans.Β But REITs probably are.
REITs are traded on the stock market just like your favorite index fund. The difference between REITs and traditional stocks? REITs let youΒ buy a share in a large landlord company, whichΒ passes their income down to youΒ via dividends and often an appreciating share price. And now, as manyΒ commercial real estateΒ values are dumping, topΒ REITs could be selling at a HUGE discount. So, how do you start investing in them? We broughtΒ Jussi AskolaΒ on to help.
Jussi runs Leonberg Capital, where he consults with some of the largest REITs in the world. He also writes the βHigh Yield Landlordβ newsletter forΒ Seeking AlphaΒ and is arguably the worldβs most up-to-date REIT expert. In todayβs episode, Jussi gives you aΒ top-to-bottom breakdown of REIT investing, who should (and shouldnβt) invest in them, how to know whether one is worth buying, andΒ why rentals PALE in comparison to the passive income REITs provide.
In This Episode We Cover
REITs vs.Β rental propertiesΒ and why one beats the other on profit and passive income potential
How to make TRULY passive incomeΒ by investing in REITs today
Private vs. public REITs and which are safer, easier to exit, and provideΒ better returnsΒ
TheΒ MASSIVE REIT discountΒ in todayβs stock market and which companies are worth investing in
REIT industries to avoid in 2023Β that may continue to see their prices drop
AndΒ SoΒ Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Connect with Scott on BiggerPockets
Grab Scottβs Book, βSet for Lifeβ
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
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Money Moment
Passive Income (Without the Properties!) by Investing in REITs w/Matt Argersinger
What Are REITs And How Can You Invest In Them?
Click here to check the full show notes:Β https://www.biggerpockets.com/blog/money-455
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