309: How to Quit Your W2 Job and Replace Your Income with Just 6 Rentals w/Travis Hall

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 2 August 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

A small real estate portfolio that replaces your entire W2 income!? Many rookies assume that becoming a full-time investor is only possible after amassing a large portfolio with dozens of properties, but that’s not the case. Today’s guest was able to meet his family’s monthly income goals with only six rentals! In this episode of the Real Estate Rookie podcast, we’re speaking (in person!) with Travis Hall, an investor who knew very little about real estate just 18 months ago. After seeing the stress that his wife’s rigorous W2 job was creating, Travis discovered BiggerPockets and caught the real estate bug. The rest is history. Today, he has a small portfolio of six rentals—all thanks to the power of networking, partnerships, and, most importantly, taking action. If you’re ready to trade in the rigidity of your nine-to-five for the flexibility of real estate, tune in to hear Travis talk about his fast journey to full-time real estate investor. He spares no details when discussing his short-term rental strategy (including some VERY unique investments), as well as the monthly income goals he needed to meet to make full-time investing a reality. Grab Ashley and Tony’s latest book, Real Estate Partnerships. Don’t forget to use code “REALESTATE” to get 10% off at checkout! In This Episode We Cover Replacing your W2 income through a small real estate portfolio Combining the cash flow from multiple rentals to meet your income goals Why you NEED to review your market’s short-term rental regulations BEFORE closing a deal Airbnb arbitrage (and how to convince a landlord to let you do it!) Using Facebook groups to find partners for future real estate deals How to start managing other properties with ZERO capital And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Hear Our Interview with Chad “Coach” Carson On the Small and Mighty Rental Portfolio Follow David Greene on Instagram Book Mentioned in the Show: Pre-Order The New Book “Real Estate Partnerships” and Use Code “REALESTATE” to Get 10% Off Connect with Travis: Travis' Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-309 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie Episode 309er.
0:05.0	Yeah, so we have six short-term rentals,
0:09.0	and I'm managing a midterm rental as well,
0:13.0	and what time frame did that happen?
0:15.0	And less than that be nine months from when we met,
0:18.0	I've gone from like, you know, having two rentals
0:21.0	to the six that I'm managing right now.
0:23.0	My name is Ashley Care,
0:25.0	and I am here in LA live in person
0:28.0	with my co-host, Tony Robinson.
0:30.0	And welcome to the Real Estate Rookie podcast,
0:32.0	where every week, twice a week,
0:34.0	we bring you the inspiration, motivation,
0:36.0	and stories you need to hear to kick start
0:38.0	your investment journey.
0:39.0	And if this is your first time here,
0:41.0	then it happens to be Episode 309,
0:43.0	and you're wondering why Ashley said 309er.
0:46.0	I didn't really understand it at first either,
0:48.0	but it's a quote from a movie called Tommy Boy,
0:52.0	starring David Spade and Tom Farley.
0:57.0	Chris Farley.
	...

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