Retire Early With Real Estate [Fire Movement]

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Retire Early With Real Estate [Fire Movement]
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Want to retire early with real estate? I've been able to retire early with real estate along with others in the FIRE Movement. In the video I'll show you how you can retire early with real estate. If you're looking for an early retirement, real estate investing can definitely help you do it! Enjoy!
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DISCLAIMER: Content is for informational purposes only and should not be considered personal financial advice. This video and description may contain affiliate links. The content in this video is accurate as of the posting date.
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Опубликовано:

7 июл 2024

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Комментарии : 77

@WealthyTiffany 3 года назад

Thanks for watching! 😘 Comment below, are you going to retire early with real estate??

@WealthyTiffany 3 года назад

@The Snowball Investor Yea!!! 🎉🎉

@aledevans732 3 года назад

Hoping to get our first btl property next march when we can remortage our house to release funds ill be 30 by then hoping to retire by 45 and our mortage paid off.

@WealthyTiffany 3 года назад

@@aledevans732 That will be awesome!!

@MoneyMelJr 3 года назад

Keep up the great work!! That's amazing that you started getting properties.

@WealthyTiffany 3 года назад

Thank you, will do! 😊

@TheRealEstateInformant 3 года назад

The fire movement has me fired up after watching this. Great video thanks for sharing :)

@WealthyTiffany 3 года назад

You're welcome The Real Estate Informant and thank you! :)

@berthalackey4001 3 года назад

You have done an amazing job with real estate, so inspiring, thanks for sharing Tiffany!

@WealthyTiffany 3 года назад

You're welcome Bertha. :)

@kentlutz801 2 года назад

Brilliant advice! Sagacious Tiffany!!

@WealthyTiffany 2 года назад

Hey Kent! Thank you! :)

@whichri79 3 года назад

cons of rental property investment: lack of diversification, not very liquid assets, profit margins affected by local regulations are unpredictable, housing bubbles, tenants are not ideal business partners, etc I probably wouldn't invest in housing unless I had confidence in my skills as a house builder/renovator.

@WealthyTiffany 3 года назад

Pros: early retirement 😉

@veronicachic 3 года назад

Right. Real estate just seems like a nightmare to me but I can see how it fits other people better.

@ShishirKhadka 3 года назад

Thanks for sharing great advice Tiffany.

@WealthyTiffany 3 года назад

You're welcome Shishir! :)

@JayFairbrother 3 года назад

Real estate is something I've always wanted to get started in, but just never have. I just need to learn more about the ins and outs of it all to get comfortable enough to dive in!

@WealthyTiffany 3 года назад

Hi Jay! It does take a bit to get comfortable with the idea, but once you start, from what I've seen, it's totally worth it! :)

@YesToTech 3 года назад

This is so interesting! My husband invests in real estate so I'll definitely be sharing this with him!

@WealthyTiffany 3 года назад

That's awesome Yes To Tech! :)

@alinowak2619 3 года назад

Your videos and advice is awesome.

@WealthyTiffany 3 года назад

Thank you so much Ali!

@pragmaticinvestingtools7484 3 года назад

You have a fantastic channel. Keep up the great work. I'm looking forward to seeing more. New subscriber here.

@WealthyTiffany 3 года назад

Thank you so much Pragmatic Investing Tools! Welcome to the channel 😊

@ReginasVoices 3 года назад

You basically lived your life as non-negotiable instead of optional and MADE IT HAPPEN‼️ Good for you!! And CONGRATULATIONS ON THAT👏🏾👍🏾Great tips! Very insightful information!!

@WealthyTiffany 3 года назад

So true! Thank you Regina!! 😊

@PaulJones-mu4lm 3 года назад

Such great advice. I’m going to invest in real estate TODAY! Also, you always look so fashionable. Where do you like to shop?

@WealthyTiffany 3 года назад

Thanks Paul, can't wait to hear about your real estate investing. :) Thank you, I like Downeast Clothing & Express (when they have sales 😉).

@SchoolofPersonalFinance 3 года назад

Wish I started in 2005...turned my primary residence into a rental in 2012 when I moved and then starting buying single family homes in 2016. Love investing in real estate. Hopefully, covid doesn't hurt rents too bad over the next few years.

@WealthyTiffany 3 года назад

I'm sure we all wish we would have started earlier. 😉 That's great you've made progress School of Personal Finance. Hopefully not, so far rents have still been good for me, how about for you?

@SchoolofPersonalFinance 3 года назад

@@WealthyTiffany so far so good...just worried about how the next year plays out. Lots of people out of work or reduced hours...eventually has to have an impact.

@WealthyTiffany 3 года назад

I’m glad it’s good so far. Yes, we’ll see how it plays out in the future. 🤞

@LoriLivers 3 года назад

I'm also "retired" with real estate and I could not be happier! I'm following the BRRRR strategy to continue to grow my portfolio while I live the life I want to live - and not the life I thought I had to live 🙂

@WealthyTiffany 3 года назад

That’s so awesome, Lori!! Great work! 🎉Yes, so important to live the life you WANT to live. 😊

@raytas9140 Год назад

I loveee that. The main thing I’m scared of when it comes to real estate for fire is the amount of time it takes to save up for a down payment compared to the cash flow. The brrr method is very interesting

@Mr.Alia63 3 года назад

You said it right Tiffany, retiring early is to do what we are passionate about, the worst thing to do is trading our precious time for money.

@WealthyTiffany 3 года назад

So true Ali a. :)

@InvestwithTania 3 года назад

I hope I will! I have three properties (2 multi family and 1 single family) hopefully by my mid thirties I’ll be able to retire! I love your story!

@WealthyTiffany 3 года назад

Great goals, Tania! You can totally do it! Thank you 😊

@WagnerSaucedo 3 года назад

Real Estate is a great investment to make to build wealth in the long term! I personally am getting ready so I have been doing as much research as possible on this! You just gained yourself another sub Tiffany! :)

@WealthyTiffany 3 года назад

Totally agree, Wagner! Love that you’re getting ready to do it. 😊 Welcome to the channel!

@myfinanciallyfreelife5429 3 года назад

Hi Tiffany, can you make a video listing the steps on how you qualified for a the mortgages on to purchase these properties?

@WealthyTiffany 3 года назад

Hi JoJo 03, that's a good suggestion! I will see what I can do.

@kg404 2 года назад

Hi, Where did you buy your first stocks? Could you do a video explaining that. Thank you 😊

@WealthyTiffany 2 года назад

Hi Kg! I bought my first stocks with Capital One Investing, but that doesn’t exist anymore so I moved them to Ally Invest. But here’s the video breaking down how I bought my first stocks: Stock Market: How I Bought My First Stock [What Not To Do & What To Do] 📈 ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ZLIG5uywRQc.html

@esmeraldatejeda5434 3 года назад

I love ur videos Tiffany! Thanks for sharing. If i almost pay off my mortgage, should I pay it off first and then buy second property or use that money for down payment on my second property and have now two mortgages? 🤔

@WealthyTiffany 3 года назад

Thank you Esmeralda! It's up to you, I can see pros and cons both ways. I personally decided to get 4 properties (which was my goal, although it may change to more 😂) and then paid off my first property. I just liked having enough money to get the number of properties I wanted sooner than later since housing prices were on the rise and then start paying them off after I had what I wanted.

@TheWealthPrince 3 года назад

Me and real estate have an interesting relationship haha I was wholesaling a couple of years ago for a few months, then stopped didn't think it was for me. Experienced flipping two properties with a partner over the last few years, still didn't think it was my thing, now I'm looking to get my first rental by the end of this year! I think that may be the way going forward, especially with retiring early to have a continuous source of income from tenants. Nice video 🤩

@WealthyTiffany 3 года назад

Haha, sounds like you have had an interesting relationship The Money Management. I can't wait for you to get your first rental, so exciting (and yes, the income is nice 😊)!! Thank you!

@TheWealthPrince 3 года назад

@@WealthyTiffany You're welcome! I'm really looking forward to it haha, hopefully that will be my "marriage" in real estate hahah

@WealthyTiffany 3 года назад

@@TheWealthPrince Haha, hopefully!

@hyt1305 3 года назад

I want to retire early so I can do what I enjoy. That is real estate and helping the local community

@WealthyTiffany 3 года назад

That sounds great Hyt.

@carriebrownbrown6878 3 года назад

Can you do a video on house rules.

@WealthyTiffany 3 года назад

Here ya go Carrie! :) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-FFeLg9MZGyQ.html

@ryankeenan351 2 года назад

Nice job! How many properties did you need to retire at 36?

@WealthyTiffany 2 года назад

Thanks Ryan! I ended up purchasing a total of 4 properties to stay retired.

@danielmondragon5044 3 года назад

I have been wanting to do this for a while now( since age 18). My plan is to buy a house in 1-2 years and start house hacking. What is your process for finding and screening potential tenants?

@WealthyTiffany 3 года назад

That's awesome, you're so close Mondragon Reports! Here's a couple of videos that would be helpful, Who To Rent To ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-YfdpfJKiu6w.html & Where to Find Renters ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-RoIGvu4hCdA.html

@kyjelly5524 3 года назад

What’s your average cash flow per property? Ant any of the homes paid off ?

@WealthyTiffany 3 года назад

Hi myrandomlife! About $400/month/property & I do have one paid off that cash flows more than that. 😊

@yayakoita7928 Год назад

How did you get to qualify for a mortgage for 4 houses?

@WealthyTiffany Год назад

Hi Yaya, I found a lender that takes into account the rental income I get from the properties.

@1jerwoff85 3 года назад

Purchasing my first townhouse this Summer. I definitely feel nervous about it, but excited as well. I have a question about how much you need to pay for a downpayment on a property if you aren't going to be living in it?

@WealthyTiffany 3 года назад

So exciting Jeremy! You'll need 20% for a rental property. :)

@1jerwoff85 3 года назад

@@WealthyTiffany thank you Tiffany! Your videos are very informative. Thanks for sharing your experiences.

@WealthyTiffany 3 года назад

So glad! You’re welcome Jeremy. 😊

@relaxingnaturesounds9675 3 года назад

Does investing in REITS count as real estate investing? I feel like real estate takes a lot of capital to start.

@WealthyTiffany 3 года назад

Hi M1 Investor! REITs are a form of real estate investing, you just don't own or manage the physical properties themselves, but you are investing in real estate.

@jordanroberts7931 3 года назад

No since you don't benefit from the taxes of real estate. REITS are classified as capital gains so no, I'd rather just put my money into stocks or bitcoin at that point. Better returns for the same tax liabilities.

@iBuyBusinesses 2 года назад

If anyone need help finding their first or second investment property reach out! We have a ton of opportunities

@stephtraveler7378 3 года назад

RE is a horrible investment. The only peeps making money in RE are Brokers via commissions. RE, for some reason, ignores all the incidental expenses and risks.... People typically only look at "buy" price versus "sell" price or "rental" income versus "buy" price. They skip all the closing costs, taxes, maintenance, repairs, insurance, market risks, and a big one: federal laws stopping evictions....or even "rent control"... How about the time and stress you spend in eviction of a bad tenant??? Time spent finding a new tenant. Car trips to the home... etc. All these have to be monetized and added in... Only then, will you see that RE is NOT a good investment.... The exception is inheritance... That's always a good investment...and usually NOT disclosed when people talk about their passive income..... Buy a home to raise a family in a good neighborhood with good schools... Consider it an investment to better your lives... That's it. Nothing more. The typical ROI (when all expenses are considered) is not good compared to other investment vehicles.

@WealthyTiffany 3 года назад

An inheritance would have been awesome, if only! Real estate is what helped me become financially free, so I absolutely love it! To each their own. :)