From $29K to $1.5M and Fast-Tracking Financial Freedom w/ Rentals

Episode #321

If your end goal is financial freedom, investing in real estate is one of the best ways to get there. But, if you want to reach that goal sooner rather than later, you may need to leverage several strategies at once. Today’s guests were able to fast-track their journey to financial freedom by doing just that!

In this episode of the "Real Estate Rookie" podcast, we’re chatting with husband-and-wife real estate duo Joe and Andrea DelGrosso. Their investing journey started back in 2016 when they bought a single-family rental without knowing very much about real estate. Although they initially invested for some extra financial stability, their focus shifted in 2019. As they started tuning into BiggerPockets and educating themselves about real estate, they realized that there were ways to expedite their path to financial freedom—tapping into equity to turn tens of thousands into MILLIONS.

Today, the DelGrossos have a modest portfolio of ten properties. Stick around as they share how they were able to create multiple revenue streams from a single property, as well as why they made the transition from long-term rentals to short-term rentals. For rookies who are still deciding on which real estate strategy to use, they touch on everything from 1031 exchanges to BRRRRs and more!

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Join BiggerPockets for FREE 👇
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Join the Real Estate Rookie Facebook Group:
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Find an Investor-Friendly Agent in Your Area:
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Hear Our Recent Interview with Mike Michalowicz:
https://www.biggerpockets.com/blog/ro...
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Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments w/ Avery Carl: https://www.biggerpockets.com/blog/bi...
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Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio w/ Chad Carson: https://www.biggerpockets.com/blog/ro...
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Connect with Joe and Andrea:
BiggerPockets: https://www.biggerpockets.com/users/j...
Instagram: @southernsonsproperties or   / southernsonsproperties  
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Follow Lauren Mattina on Instagram:
@lauren.mattina or   / lauren.mattina  
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://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: https://www.biggerpockets.com/blog/ro...


00:00 Intro

06:05 Getting Into Real Estate

16:29 Buying the First Rental

20:50 $29K to $1.5M!?

27:39 Financial Freedom w/ Short-Term Rentals

35:37 Rookie Request Line

39:49 Rookie Exam

44:39 Connect with Joe and Andrea!