Episode #521
Could real estate investing help you reach financial freedom much sooner than you thought possible? Today’s guest had his world turned upside down by one tragic incident, but he was able to quit his W2 job, pivot to real estate, and fast-track his journey to FIRE!
Today, we’re chatting with technology instructor turned full-time real estate investor Keith Nugent. After a skydiving accident rendered him unable to perform his previous job duties, Keith knew he needed a new path to financial independence. Fortunately, he discovered real estate at the perfect time. Taking advantage of the fallout from the 2008 housing market crash, Keith started loading up on rental properties—often buying them for pennies on the dollar. In just twelve years, he had not only achieved his goal of thirty cash-flowing units by 2020 but also added an additional ten units to his portfolio!
Thanks to real estate, Keith now has a career that fully accommodates his disability and will allow him to retire early. In the meantime, he enjoys his newfound financial freedom by traveling the world and spending time with his FIRE-bound friends. In this episode, Keith offers practical tips on how to start investing in real estate—from choosing your market to buying your first rental property and more!
Show Notes at:
https://link.chtbl.com/Money
~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
~~~~
Join the BiggerPockets Money Facebook Group:
https://www.facebook.com/groups/bpmoney
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
~~~~
Money Podcast 330 – The Ultimate Teen Money Hack for Parents:
https://www.biggerpockets.com/blog/money-330?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Money Podcast 397 – Estate Planning, Wills, & What to Do NOW to Protect Your Heirs: https://www.biggerpockets.com/blog/money-397?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Grab Your “Family Emergency Binder”:
https://www.emergencybinders.com/products/family-emergency-binder
~~~~
Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: https://www.biggerpockets.com/guest?utm_source=youtube&utm_medium=description&utm_campaign=none
Finance Friday: https://www.biggerpockets.com/financereview?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Connect with Mindy on BiggerPockets:
https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
00:53 The Skydiving Accident
02:15 Keith’s Money Journey
06:36The Dangers of Lifestyle Creep
10:48 HUGE Life Changes
15:23 30 Doors by 2020?!
20:34 Buying the FIRST Rental
27:15 Estate Planning & Life in Retirement
33:39Take Action TODAY!