677: How to Build an Income-Replacing, All Off-Market Rental Property Portfolio w/Taylor Wing
Oct 20, 2022•1 hr 4 min•Ep. 677
Episode description
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
For the best experience, listen in Metacast app for iOS or Android
Open in Metacast