677: How to Build an Income-Replacing, All Off-Market Rental Property Portfolio w/Taylor Wing
BiggerPockets Real Estate Podcast - A podcast by BiggerPockets
Financial freedom in two years? How can that be possible with high interest rates and higher home prices? If you’re looking at what’s on the MLS as the only deals around, you could be missing out on buying properties that could fast-track your journey to early retirement. Taylor Wing, unlike most investors, didn’t go the conventional route when building his rental property portfolio. But, walking the road less traveled has paid off significantly, as he has already found financial freedom in less time than it takes most investors to buy their first property! Taylor’s career trajectory was cut and dry from the start. After graduating from West Point, he entered the Army and knew exactly how rankings, raises, and benefits would work from the day he started until the day he retired. This rigidity didn’t sit well with an entrepreneurial-minded, soon-to-be investor like Taylor. After his first house hack, and a very successful BRRRR, Taylor went full-throttle on investing. Now, just two years later, he has a portfolio of over thirty rental units, a Rolodex full of private money lenders, and teams in multiple states ready to help him grow. So what sets Taylor apart from the rest? Aside from his resilience, Taylor chose to take action once he had enough information, instead of falling victim to analysis paralysis. If you follow Taylor’s advice, you too could grow a portfolio as fast as he did! In This Episode We Cover: Taking action, pushing past fear, and refusing to be stuck in analysis paralysis Direct-to-seller marketing and how to find off-market real estate deals Creative financing strategies, the subject to method, and no money down deals Defining your “buy box” and red flags when looking for a BRRRR or rental property Building your real estate team and the most important hire you can have How to create an actionable plan to reach financial freedom in only a few years And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch 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 David's BiggerPockets Profile David's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Hear About “Reverse Flipping” with Ashley Hamilton The 30-Something’s Guide to Financial Freedom Try Follow Up Boss to Get More Real Estate Deals Books Mentioned in the Show: Financial Freedom with Real Estate Investing by Michael Blank Traction by Gino Wickman Connect with Taylor: Taylor's BiggerPockets Profile Taylor's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-677 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices