399: $80,000/Year Cash Flow & Financial Freedom with 7 Properties (in 3 Years!) w/Sarah Msuya

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 29 April 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

What’s YOUR reason for investing in real estate? For today’s guest, it was to achieve financial freedom and have a flexible schedule. By focusing on education, forming partnerships, and, most importantly, taking action, she was able to quit her job and acquire seven properties in just THREE years! Welcome back to the Real Estate Rookie podcast! Sarah Msuya was firmly entrenched in her successful banking career when life threw her a series of curveballs. After her son was born prematurely and complications caused her to miss nine months of work, Sarah knew that a traditional nine-to-five was no longer an option for her and her family. She spent the next three years learning as much as she could about real estate and building a portfolio that provides $80,000 in cash flow per year! Like many new investors, Sarah has dabbled in several investing strategies on her journey to financial freedom—from house hacking to flipping houses and everything in between. Eventually, she was able to pin down her niche—the BRRRR method. In this episode, you’ll learn how to find the best strategy for YOU and scale your portfolio through partnerships and creative financing! In This Episode We Cover: How Sarah brings in $80,000 cash flow each year from seven properties Why you DON’T need to look ten years ahead before investing in real estate How to cover your mortgage payment with the house hacking strategy Three property management strategies you can use for your rental property How to scale your portfolio FAST with partnerships, creative financing, and more FHA loan limits explained (and how to avoid a surprise at closing!) 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! Get Tips, Advice, & Support in the BiggerPockets Forums Grab Your Copy of “Real Estate Partnerships Real Estate Rookie 207 - Working Towards Time Freedom “In the Trees” with 3 Treehouse Rentals: Real Estate Rookie 742 - How to Achieve Financial Freedom Through Real Estate in 4 Steps: Connect with Sarah: Eileen's BiggerPockets Profile Sarah's Bigger Pockets Profile Sarah's Facebook Sarah's Instagram Sarah's LinkedIn Jump to topic: (00:00) Intro (00:50) HUGE Life Changes (06:42) $80K/Year Cash Flow! (13:31) Sarah’s First House Hack (20:52) How to Scale FAST (27:51) Property Management 101 (31:57) Connect with Sarah! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-399 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 399er.
0:05.6	There is never a right time to start investing.
0:08.4	Our guest today is happier she did it sooner
0:11.0	rather than later because her life took an unexpected turn. My name is Ashley
0:15.6	Care and I'm here with Tony J Robinson. And welcome to the Real Estate Rookie
0:20.4	podcast where every week three times a week we bring you the
0:23.4	inspiration motivation and stories you need to hear to kick start your
0:27.0	investing journey now today's guest Sarah Masuia is an investor out of Maine
0:31.5	and despite a hard life with some circumstances she's been able to create
0:34.9	financial freedom in just three years by following and executing a plan and she believes
0:40.0	it's always best to buy real estate and wait versus waiting to buy real estate.
0:44.2	So Sarah, welcome to the Real Estate Ricky Podcast.
0:47.0	Super excited to have you on.
0:48.4	Thank you so much.
0:49.2	I'm so excited to be here.
0:50.5	So Sarah, in the beginning of the intro here we mentioned that you know you start investing and then you had this life change what was that life change and how was real estate kind of an effect on and play on that? So it started a
1:06.6	while ago so my son was born prematurely in 2021 he was on oxygen and that was a rough road in and of itself. We thought we got through all of that and then this past year
1:22.0	His his daycare started noticing some indications that he should be checked out further.
1:28.0	In November we got the diagnosis of autism.
1:31.1	So that's that's that piece. My investments were already kind of well underway at that point, but it set me up to be able to be able to be there for him. However he needs, you know, going forward knowing that.
1:45.8	And Sarah, I'm curious as to, is that just monetary or is that also time?
1:51.3	Have you been able to give more time with your son because of
	...

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