343: Financial Freedom with 2 Rental Properties and “Passionate” Income w/Brian Luebben

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 28 November 2023

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Want to learn how to quit your job with real estate? Many people think you need to replace your entire salary with rentals, but that’s not the case. What if you could earn enough passive income from real estate and supplement it with “passionate” income from something you truly LOVE? Today’s guest will show you how! Welcome back to the Real Estate Rookie podcast! In this episode, we’re sitting down with entrepreneur, podcaster, and real estate investor Brian Luebben. After grinding his way to the top of his sales job at a Fortune 500 company, Brian had seemingly reached the mountaintop. And that’s when he caught the real estate bug. Leaving his comfy six-figure salary behind, Brian bought two properties and house-hacked his way to dependable monthly cash flow. Most importantly, this allowed him the time to focus on something he was passionate about—podcasting! If Brian’s story sounds like a walk in the park, make no mistake—his journey to financial freedom has been far from perfect. After multiple panic attacks, FOUR floods, and a seventeen thousand dollar rehab, Brian considered returning to the “safety” of his W2 job. But, thanks to the power of community, he was encouraged to keep going. Buckle up as Brian, Tony, and Ashley show you how to beat analysis paralysis, choose an investing strategy, buy your first property, and more! In This Episode We Cover How to quit your W2 job with real estate (and what to do with the extra time!) Netting thousands in monthly cash flow using the co-living strategy The three “levels” of passive income you can achieve through real estate Passive income and “passionate” income (and how to use one to fuel the other!) How to choose the IDEAL real estate investing strategy for you Why tenant screenings are SO important with your first rental property And So Much More! Check the full show notes here: https://www.biggerpockets.com/blog/rookie-343 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

Click on a timestamp to play from that location

0:00.0	This is real estate rookie. My name is Ashley Kerr and I am here with my co-host Tony J Robinson.
0:07.0	And welcome to the real estate rookie podcast where every week, twice a week we bring you the inspiration motivation and stories you need to
0:13.9	hear to kick-start your investing journey and today we've got Brian Lubin
0:17.3	also a podcaster but a real estate investor entrepreneur who really documents his journey of being able to leave his six-figure salary
0:25.8	with only two deals. He only had two deals and he talks about this strategy of using both
0:31.1	passive income and what he calls passionate income and how you
0:34.8	can combine those two things together to really accelerate the time that you can leave your
0:39.3	job or I guess so you can leave your job faster.
0:41.6	Yeah the foundation is really important to having that stability
0:47.1	to be able to do that.
0:48.6	But it's not just all roses and happiness. he had a panic attack and that wasn't really because of real estate
0:58.4	Which most of us do have panic attacks over you, worry about it was actually just the fact of
1:05.2	leaving his job and he actually talks about how detrimental and serious a panic
1:10.8	attack can feel.
1:12.6	So he's going to go through as to when this happened to him,
1:16.6	what were the steps that he took in that moment
1:19.2	to reassure himself that he was making that right decision
1:23.8	to actually move forward with leaving his job.
1:27.2	At the end, you'll want to keep listening
1:28.9	because we go into more detail on Colleaving and how he was using this real estate strategy, but also even
1:36.8	some tax strategies that he implemented during this process too.
1:43.2	Especially if you are house hacking
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.