123: Carefully Crafting Financial Independence Through Passive Income with Avery Heilbron

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 4 May 2020

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joining us today is Avery Heilbron, a listener on his way to financial independence through real estate investing. But Avery isn’t going all out and buying up every property as fast as he can. He’s making calculated purchases that allow him to live for free - and also cashflow while he’s there even though he lives in a high cost of living area. Once he moves out, that cashflow increases even more! Avery is also thinking ahead, and mitigating his risk of non-payment of rent by using the Section 8 rental assistance program to help guarantee rent payments. Oh, and Avery is 25. He went to college on a soccer scholarship, worked through school, studied hard and graduated with ZERO student loans and a great job. Do you have high school or college students in your life? This episode can help give them direction and encouragement that a little careful thought can have a HUGE impact on your future financial situation. In This Episode We Cover: How he purchased a property that was originally listed for $800k in January of 2020 for less than $700k Avery's journey with money How he discover financial freedom Talking about FHA loan and why it is so unattractive to sellers His plans to achieve financial independence Talking about his rental properties His philosophy on reserves What Section 8 program is On house hacking His side hustle And SO much more! Links: BiggerPockets Forums Should I charge my Girlfriend rent? Real Estate Rookie Facebook Group BiggerPockets Money Facebook Group The Official BiggerPocket Facebook Group BiggerPockets Podcast 356 Check the full show notes: http://biggerpockets.com/moneyshow123 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Podcast, show number one hundred and
0:03.6	23 where we interview Avery Hilebron and hear his story of wealth generation
0:09.1	through real estate investing.
0:10.3	I have sort of a mentor in like most of his block of business in Boston is is
0:16.3	section 8 and when he talked about it and said he gets guaranteed rents I
0:19.8	thought why are people so against this seems like a great thing and you just get the
0:25.0	direct deposit from the government and unless the government fails I'm going to be
0:28.9	doing okay. Hello hello hello and welcome to the BiggerPockets Money
0:32.4	podcast. My name is Mindy Jensenson and with me Hello, hello, hello, and welcome to the BiggerPockets Money Podcast.
0:33.0	My name is Mindy Jensen, and with me as always is my lead-free co-host, Scott Trench.
0:38.0	Oh my gosh, that intro is just so full of irony.
0:42.0	So irony. Ironic. So full of irony ironic ironic. Oh my goodness I quit I quit I quit thank you from
0:48.9	episode one hundred and twenty three I'm just kidding. I'm with you forever Scott and I are here to make financial
0:56.8	independence less scary less just for somebody else and show you that by
1:00.3	following the proven path you can put yourself on the road to early
1:03.4	financial freedom and get money out of the way so you can lead your best life.
1:07.5	That's right whether you want to retire early and travel the world going to make big
1:10.9	time investments in assets like real estate or make your big
1:14.0	first house hack or second house hack in the context of the coronavirus will help you
1:19.7	build a position capable of launching yourself towards your dreams.
1:22.8	Scott, I am thrilled to have Avery on the show today. He is not a blogger. He's not another podcaster. He is a
1:34.9	listener who is working his way towards financial freedom through real estate investing. But
	...

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