$200K/Year & Financial Freedom in 10 Years with a SMALL Portfolio
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- เผยแพร่เมื่อ 1 ก.ค. 2024
- Reaching financial freedom in ten years or less with a small real estate portfolio!? While it might seem like a lofty goal, it’s very doable when you maximize your cash flow and play the long game. If “the lazy investor” can do it, so can YOU!
Welcome back to the “Real Estate Rookie” podcast! When Dion McNeeley reached early retirement in 2022, he was raking in $200,000 per year from just sixteen units. Now, he’s using his newfound financial independence, knowledge, and resources to take a few more risks with his real estate investments. For his latest deal, he used the buy, rehab, rent, refinance, repeat (BRRRR) method on a house hack that generates enough cash flow to fund his travels!
It all sounds very impressive, but how on earth did he get there? In this episode, Dion shares some of the secrets and strategies that allowed him to go from $89,000 in debt to financially free within a decade. He talks about building a buy box that features a blend of market data and home attributes, as well as finding deals on the multiple listing service (MLS) that other buyers overlook. He even discusses an ingenious strategy that will have your tenants ASKING you to raise rents!
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Join BiggerPockets for FREE 👇
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Find an Investor-Friendly Agent in Your Area:
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The Lazy Person’s Guide to Financial Freedom in Less Than 10 Years with Dion McNeeley:
www.biggerpockets.com/blog/bi...
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How to Use Public Data to Find Real Estate Deals That 99% of Investors Miss:
www.biggerpockets.com/blog/ro...
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Try the "Binder Strategy" Yourself:
www.diontalk.com/binder
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Grab Your Copy of “One Rental at a Time”:
www.amazon.com/One-Rental-Tim...
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Connect with Dion:
BiggerPockets: www.biggerpockets.com/users/d...
Facebook: / notur.avrgbatman
Instagram: @dion_talk_financial_freedom or / dion_talk_financial_fr...
Website: www.diontalk.com
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or / wealthfromrentals
Tony: @tonyjrobinson or / tonyjrobinson
Show notes at: link.chtbl.com/Rookie
00:00 Intro
01:19 Financial Freedom in 10 Years
10:05 Dion’s “Travel House Hack”
18:34 “Stale” Properties & Lessons Learned
26:21 Building Your Buy Box
35:53 The Binder Strategy 2.0
46:22 Connect with Dion!
29:06 dang Dion You shouted me out so many times in this podcast people are going to think I'm your mentor! When the REVERSE is true!
For anybody watching this it just goes to show how high caliber and quality of an individual Dion really is! He is on a podcast being interviewed about HIS expertise and given an opportunity to speak to a huge audience! And he is shouting out multiple other investors and members of his team! Such a genuine good guy, hard worker and go-giver. I owe so much of My Success to him Dion is the man!
And the CEO of Howdy🤠!
You are too kind.
People would really benefit from your info. Can’t shout you out enough.
Bromance 😁
Mike im from NYC its absolutely insane that you invest in gary indiana the leading “ downfall city in the U.S” its so cheap and seemingly unsustainable over there. I was looking into Indianapolis and all over the area. What lead you to buckle down over there? Buying for 30-70k and BRRR STRATEGY ?i was interested in the area and chi town is neighbors of the border👀
I come from very poor life, and this knowledge this podcast provides gives me hope that the right education and motivation I can help myself and my family out of poor, we've never had a house and have always rented and bounced in and out of shelters. I want to give my family the chance they deserve to live a decent life. Wish me luck! thank you for the content
You’ve got this. 😀
I hope the info helps.
Go hard!
Dion is a great guy to learn from, a personal friend of mine and someone who's been a mentor for a number of years. If he can do it so can you
Dion is passionate about helping others reach time freedom. The amount of time he gives to teaching others is unbelievable.
He does weekly live streams every Tuesday at 4 pm PST where he answers all questions. Twice a month he does a member's livestream where he goes over individual investor's deals.
These streams have taught me skills that will stay with me forever as an investor and I am continually growing because of his education.
I'm also interested in hearing the stories of Millenial Mike, Lumberjack Landlord and Michael Zuber. Please request an interview for each of them! Thanks so much!
You are awesome.
Thank you so much 😀
Dion!! Been watching Dion since he first came on BP. Glad to see him back.
Thank you so much. 😀
Love how very detailed Dion is. I always look up to him a lot when it comes to my real estate journey.
Thank you so much. =) You are awesome.
I’ve been following Dion’s channel since the first time he was on BP Rookie. He’s got a great story of the financial position he started at and produces excellent content on his channel. Had the opportunity to meet Dion this past weekend and he’s a good dude and very intelligent. Has great ideas and is an outside the box thinker.
Thank you so much. It was great meeting you too. 😀
Dion is awesome!!! Been following him for awhile!! 😊👍awesome info !
Thank you so much. I hope the info is helping. =)
Best Rookie Podcast I have ever seen and I have been watching for a while! Dion Brings Value Period! I really like the direct and feasible approach. Thank You for having him on your channel!
You are too kind. Thank you so much 😀
Thank you Dion! I learned a ton. My wife and I are 3 months into our first investment property. I’ve had scaling on my mind and this gave me a fresh perspective regarding the smartest way for us to do it moving forward. Awesome episode!
Thank you so much. And congrats =) That is awesome.
Dion is an absolute must follow on youtube. He is a true knowledge giver. Awesome conversation.
Thank you. 😀
Dion is the everyday regular guy investor, love how he is openly lazy! I can relate lol...I started on bigger pockets and still absolutely love it! As well as the real estate rookie show!!! But Dion speaks to me as far as not having super lofty goals of a massive portfolio, but rather just enough to be more than comfortable financially! Great episode!!!
Thank you so much. I hope the info is helping. 😀
Thanks for having Dion on! When I was having difficulty on a property, I emailed him and he responded with great advice.
I couldn't believe he would take the time to respond.
He's an amazing teacher and just wants to help others become financially free.
Really wanted to hear more about Millenial Mike, Michael Zuber and Lumberjack Landlord please. Thanks!
Thank you so much. You’re awesome 😀
Dion!!!! Dion is the man. Super genuine and very knowledgeable
Dion is the blueprint most investors should model after
Thank you so much.
I hope each investor can take a part of what I do and incorporate it into their strategy.
Great episode! Dion is so generous with sharing his story and strategies. He is one of my main sources for learning about real estate investing.
Thank you so much.
I hope the info is helping. 😀
Woah!!!! They’ve got Dion!!!👏🏾👏🏾👏🏾
Ashley and Tony are awesome 😀
We tried to book him a long time ago and the OG Real Estate podcast stole him!!
Absolutely love Dion he’s a great teacher
You are too kind. 😀
Thank you.
One of the best episodes I have seen...very useful and practical knowledge to use and build financial freedom! Thank you!!
Thank you so much. You are too kind. 😀
Absolute favorite episode!
Thank you so much. I hope the info helps =)
I really enjoy Dion talk! 😊 Best episode yet! 👌🏽
You are too kind. Thank you so much 😀
This has been my favorite. I love this guy!
Thank you so much. 😀
I hope the info helps.
By far one of the best guests to be on the Real estate rookie podcast. Absolutely love Dion's approach to building his portfolio and will try to replicate his strategy the best I can!
Thank you so much 😀
Dion, who doesnt love him? Oraat fam say hello here... Keep going, Do the work, nothing easy at the beginning. Dion keeps slapping quick money mindset's face. Loving it.
Thank you so much. You’re awesome 😀
thank you your video
Thank you. I hope it helps.
Great episode!
Thank you so much. 😀
Ashley and Tony you two are awesome! I've been a follower for years. Ashley your laugh is infectious! I love it. I'm so glad to see Dion here. The BP community is lucky to have him. He's a great mentor and teacher. He's genuine and honest. He's very sincere about wanting to help us get to where he is. We're fortunate to have found him and to be students of his. Great job, all of you!
Thank you!! I agree with you on this episode. There are so many actionable items and detail of how to do it! Thanks for listening!!
Thank you so much. You are awesome. 😀
Super awesome podcast this man dropped a lot of Gems, thank you very much!
Thank you so much. You are too kind.
This guy is a genius. Love that binder idea.
Thank you so much. I hope it helps.
NOW THIS IS HOW I WANT TO INVEST and retire . I don’t need 100+ units, just give me 4-6 good properties , that I can pay off reasonably fast , and I can live off those
Thank you. 😀
Totally agree
I love listening to Dion, he provides very practical advice on Real Estate investing. Thanks for having him on the show.
Thank you so much. 😀
I’ve been following Dion and Millennial Mike on TH-cam for close to 2 years. These guys put out amazing content.
Thank you so much. Mike is awesome. 😀
Really like the new updates to the Binder. Thanks
Thank you so much. =)
1 of the best bigger pockets episodes in a while. It’s a lot of meat and potatoes in this one. Thanks Dion.
Thank you so much. 😀
This guys story is golden I love it, I just purchased my first 3 family and that buy one every year can’t work for me but his story gives me great confidence!!
Thank you so much. 😀
Congrats.
Thank you
Thank you. 😀
Wow more gold nuggets dropped per minute than I've ever seen before. Dion Talk's live stream on Tuesday has lots of good info and Dion answers questions in the chat. He also overshares, making it edutainment :)
You are too kind. 😀
Finally, Dion is on!
Thank you. 😀
Howdy!
Howdy 😀
Fire Episode 🔥 🔥 🔥
Dion is the best!
You’re too kind. I hope the info helps.
How can I find an investor to work for? What type of experience are they looking for?
Howdy, I think what helps a lot in the beginning is knowing something about the subject (The one you want to learn) Podcasts or books are a good start) Knowing the terminology, and a couple of the core concepts, makes it easier to find the right person to learn from.
Best episode yet!
Thank you so much. 😀
Best episode I ever watched
Thank you so much 😀
Tony: escape velocity 😂
Tony says some amazing stuff.
CURRENTLY IN THE FIRST 5 YEAR WHERE IT SUCKS LOL DEFINITELY COULD RELATE
Thank you. You've got this. It will all be worth it. =)
Watching several times
Thank you. I hope the info helps.
Dion for President, shoutout I'm from Chicago.. MJ
Haha. Sounds like a job lol🤣
@@DionTalkFinancialFreedom maybe just on the senate committee, because it seem as they have a lot of rental properties
Everyone keeps on mentioning "One Rental at Time". Who is the author?
Michael Zuber.
A wealth of knowledge.
He keeps it simple. Relatable. And repeatable.
If you don’t say niner instead of nine I won’t watch anymore.
I was so excited my episode ended in 9. And Ashley didn’t do it lol.
@@DionTalkFinancialFreedom great episode. A ton of great info. Thanks!
I know I left everyone down!! The honest truth is that I was trying to rap the song, Get Low, where they say 3-6-9 Damn she fine but then my producers realized I didn't know the correct words and it was cut. Im pretty sure I said something like 3-6-9 tailgate fine....
@@wealthfromrentals I understand this. Being from northern NY we had the 315-369 landline and cell numbers. The song really hit home!
Noob question: why didn't you just call the realtor listed on the MLS to ask if the property was a duplex?
I did. And got a vague answer. They replied with it has two livable units. One needs a lot of work. That still didn’t tell me if it was registered as a duplex with the city or if any work had been done was permitted.
Agents are now delisting houses and relisting them every month so filtering by days on market is not a good idea. I saw one property listed on 9/22, they didn’t decrease the price and delisted it every six months. It’s not sold yet ☠️
So when I find a deal that sits longer it means it’s a lazy agent too. Even better.
❤
Thank you =)
How do you think 3d printed house and other new technologies and AI will effect the real estate market and will prices crash?
Everyone is always hunting for the next reason for a crash. I understand the mentality. (A reason to not take action)
1) Building houses isn't slow because of how long it takes to build. It is slow and costly due to over regulation and extremely long permit processes. A builder often spends 50k before they can touch the property. And the upkeep of homes is also an issue. (There are over 13k abandoned houses in Gary Indiana alone for example) To connect sewer or to city water the impact fees are around 20k each in many areas.
2) Look at how many homes were built per decade in the last 50 years. Many were over 25 million homes built in a decade and in 2010-2020 it was barely over 5 million.
3) Home owners are stuck in what is called a rate trap. 40% of homes do not have a mortgage. 90% have one under 5%. 60% are under 4% and 23% of homes with a mortgage are under 3%. So they can't sell and get a larger house as the family grows and they cant sell to down size when they retire. The new house would cost too much when the higher interest rate is factored in.
4) We are seeing a crash. But it is in transactions not prices. Especially with residential homes (1-4 units) since the debt is fixed rate. Multifamily and commercial is being impacted by the higher rates. So that is where the most pain will be.
5) As a buy and hold investor a crash doesn't matter. Even a recession doesn't matter. 4 of the last 6 recessions home prices went up. and since 1940, when we started tracking the data, rents have never once gone down market wide over a 5 year period. Not once ever.
I understand where the fear comes from. Fear based real estate videos get the most views. People are looking for excuses instead of ways.
Thank you for your response@@DionTalkFinancialFreedom
She didn't do the 9er thing. 😢
I was so sad. 🤣
Really nice video! i was wondering if i could help you edit your videos and make them more engaging as well as create short content out of them.
This episode is completely off of this podcast.. rookie or who is new to investing doesn’t need to be so clever as Dian .. he looks so intelligent and has answer for everything.. we need to hear pit fall as well not just smart strategies
I made all the rookie mistakes and shared them on the BiggerPockets’s OG show (episode 448)
I only have 8 properties. And I focus on how someone can get started.
We actually have a new Horror Story series that will be released every once in awhile. Check out Episode 364!
I am a new investor, literally started trying after bigger pocket and rookie podcast(Big thanks to Rob and Ashley) . As a new investor I have a lot of fear & doubts and different expected issues.. the main reason I watch rookie show is to educate myself from different rookies experience.. looking forward to hear more from rookies experience than experienced investors who preach.. thank you
@@anandakumar4948what I’m trying to do is help the new investor like you.
It’s very scary to start. And there are a lot of mistakes people make along the way.
It can seem overwhelming.
I’m happy to answer questions and try to help you as you start. Especially since that is the hardest part for most of us.
Hey, nice videos!
I am a video editor and thumbnail designer. I was wondering if I could level up your videos with quality Editing to boost up your views! Do let me know what you think about it! Thank You!
Giving this a rewatch and I JUST noticed this man is Horde scum!! 😂🩵
Dion, Amazing interview! So well explained in a simple way to be understood by the average person learning a new concept. I learned something new every time I hear your method.
Ashley and Tony, please interview Millenial Mike. Rockies can learn so much from him too.
Ashley, Tony and Dion thanks so much for sharing your knowledge.
Thank you so much. You’re awesome. 😀
Laura - Totally agree with the Dion's ability to explain things so that we can all enjoy and understand.