From a $55K Rental to BiggerPockets CEO and Financial Freedom
16 years ago, Eric Augustyn had the same fear that keeps many of us up at night: What if I get fired? He had just survived the 2008 financial crash, and while lucky to have a job, Eric was nowhere near financial freedom. This reliance on his W-2 created a fire that pushed him to buy the one asset everyone was warning him about—rental properties. He found one of the cheapest rentals he could buy, and spent nights and weekends fixing it up to eke out a small profit.
And guess what? It worked.
After repeating the system for more than a decade, Eric now has a rental property portfolio that has given him true financial freedom, built on the pillars of cash flow, community, and continuous improvement. That made him the perfect choice as BiggerPockets’ new CEO, with the sole mission of helping you reach financial freedom through real estate (and have an easier time than he did).
Today, we get the story on Eric’s first rental and his current portfolio, why he does not self-manage his rentals, investing over 2,000 miles away, and what’s coming down the BiggerPockets pipeline that will make buying your first, or next, rental property easier.
In This Episode We Cover
How Eric went from a $55,000 townhome to becoming BiggerPockets CEO
New BiggerPockets features we’re building to make investing easier than ever before
Why hiring (the right) property managers is well worth the money
A low-money-down loan that changed everything for Eric’s real estate portfolio
How to invest out of state in the markets you actually enjoy visiting
New off-market properties being brought to BiggerPockets members
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1343.
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