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BiggerPockets Money Podcast

254: Finance Follow-Ups: When to Scale Up (or Down) Your Real Estate Portfolio

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.53K Ratings

🗓️ 3 December 2021

⏱️ 54 minutes

🧾️ Download transcript

Summary

We’re back with another Finance Friday Follow-Up! This week, we talk to two past guests and review three life updates. Fabio from episode 174, Clayton from episode 168, and Rachael from episode 190 all have life updates for the audience! When we last talked to Fabio, he was starting to expand his real estate empire. Since the market has been so hot, he has had to pivot his strategy towards what works best for him in the long term. With a few years of military service left, Fabio wants to wind down his more active income and pursue more passive income streams, while still including real estate and stocks/index funds in the mix! Clayton shared with us on his solo episode how lucrative living on the road can be. Since then, his girlfriend has turned into his fiancé, he’s been offered a very large pay raise, and he has scaled his real estate portfolio with one more house hack. He also gets to take his foot off the literal gas pedal since he’ll be transitioning into a more stay-at-home role. Rachael wasn’t able to be here for a video interview but sent Mindy an update on her overall financial situation. Since we last talked, Rachael realized that house hacking wouldn’t be exactly the right fit for her family. Thankfully, she’ll be closing on a new home closer to her children. Rachael also found herself in a particularly scary financial and medical situation since we last talked, something that you’ll hear about in-depth on a new episode in the coming months! In This Episode We Cover When is the right time to sell a property, especially in a hot seller’s market? Paying off high-interest debt so you can reach financial independence faster The importance of budgeting and expense tracking so you don’t impulse buy ESPPs (employee stock purchase plans), HSA (health savings accounts), and other lucrative investing options  Sharing the financial knowledge with your significant other in case of an emergency And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Bigger Pog as Money Podcast, show number 254, Finance Friday edition, where

0:06.0

we check in with Fabio, Clayton, and Rachel and see what's been going on in their lives.

0:12.1

But honestly at this point I still love the Marine Corps so I might stay in a little

0:15.0

longer. If not, then my wife and I definitely want to do some traveling, volunteering, maybe

0:21.8

work for a non-profit somewhere just like I said, right now it feels like we just have

0:26.6

so many options outside of the Marine Corps that it's unbelievable.

0:30.7

Hello, hello, hello, my name is Mindy Jensen and it's just me today. I am here to make

0:35.2

financial independence less scary, less just for somebody else, to introduce you to every

0:39.9

money story because I truly believe financial freedom is attainable for everyone, no matter

0:44.6

when or where you're starting. Whether you want to retire early and travel the world,

0:49.1

go on to make big time investments in assets like real estate or start your own business,

0:53.4

it will help you reach your financial goals and get money out of the way so you can launch

0:57.1

yourself towards your dreams.

1:03.4

Today, we're checking in with Fabio, Clayton, and Rachel to see how their real estate

1:15.6

adventures have been going. Before we get into the show, here's a word from today's

1:19.1

show sponsors.

1:29.8

Correct timing and

1:56.2

investment and tax strategy so you can achieve financial freedom faster.

1:59.8

There's no excuse not to get started in real estate investing when you have the right

2:03.0

team and systems in place.

2:04.9

To learn more, visit renttoretirement.com.

2:07.4

That's renttioretirement.com or call 800-311-6781.

...

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