The Slow, Steady Way to Make $50K/Month with Rental Properties |
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Episode #845
How many rental properties would it take for you to become financially free? Five, ten, twenty, one hundred? And once you know how many you need, how long will it take you to get there? KC Massie reached financial independence in his thirties after eleven years of slowly, quietly, and strategically building a repeatable rental property portfolio that rakes in over $100,000 per MONTH in rent. Yes, you read that right—six figures a month! KC didn’t do anything spectacular to achieve this feat. He didn’t raise any money from friends or family, buy a thousand units in a year, or use risky debt. Instead, KC did things the old-fashioned way—slowly building a portfolio of rental properties, consistently buying every year, and making the most money he could at his job to fuel his purchases. Fast forward eleven years, he has complete financial freedom and has enough money to do whatever he wants, whenever he wants. In today’s show, you’ll hear about KC’s repeatable path to real estate wealth, the surprisingly ordinary methods he used to build a BIG portfolio of rental properties, and why he encourages EVERY real estate investor to start “building quietly.” ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Books Mentioned on Today’s Show: How to Invest in Real Estate: https://store.biggerpockets.com/products/how-to-invest-in-real-estate?utm_source=owned_media Raising Private Capital, Revised Edition: https://store.biggerpockets.com/products/raising-private-capital-revised-edition?utm_source=owned_media The Book on Managing Rental Properties: https://store.biggerpockets.com/products/the-book-on-managing-rental-properties?utm_source=owned_media The House Hacking Strategy: https://store.biggerpockets.com/products/the-house-hacking-strategy?utm_source=owned_media ~~~~ Property Management Software Mentioned in Today’s Show: Buildium: https://learn.buildium.com/?utm_campaign=2021Q2-bigger-pockets&utm_medium=content&utm_source=bigger-pockets&utm_content=website&utm_term RentRedi: https://rentredi.com/biggerpockets/ ~~~~ Connect with KC: BiggerPockets: https://www.biggerpockets.com/users/KevinM409?utm_source=youtube&utm_medium=description&utm_campaign=none Email: kcmassie@gmail.com Instagram: @kcmassie or https://www.instagram.com/kcmassie/ ~~~~ Connect with Andrew: BiggerPockets: https://www.biggerpockets.com/users/andrewc58?utm_source=youtube&utm_medium=description&utm_campaign=none LinkedIn: https://www.linkedin.com/in/andrew-cushman-959471a Vantage Point Acquisitions: https://www.vpacq.com/ ~~~~ Connect with Matt: BiggerPockets: https://www.biggerpockets.com/users/mfaircloth?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: @themattfaircloth or https://www.instagram.com/themattfaircloth/ DeRosa Group: https://derosagroup.com/ ~~~~ Follow BiggerPockets on Instagram: @biggerpockets or https://www.instagram.com/biggerpockets/ Show notes at: https://www.biggerpockets.com/blog/real-estate-845?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 02:09 Properties in 11 Years! 04:00 Ditching Work for a Round-the-World Trip 06:49 From 1 Condo to 15 Units 12:33 The Perfect Property Manager (His Wife) 18:25 Consistency Over Intensity 26:42 Doubling His Portfolio Overnight 34:43 Deal Deep Dive and Quitting His Job 41:15 KC's Advice: Build "Quietly" 47:32 Connect with KC! |