746: 28 Rentals Before 28 Years Old (and Doing it All in Just 3 Years!)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 30 March 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Twenty-eight rental units before turning twenty-eight years old? That takes some SERIOUS drive. But after talking to Jake Radawick, the whole story makes much more sense. Within three years, Jake built a rental property portfolio that brings in over $200,000 a year in rent and provides Jakes with a full-time salary’s worth of passive income. But Jake wouldn’t have done any of it if it weren’t for his family—specifically his brother. Jake’s older brother has been his “why” for as long as he can remember. He broke through barriers and was able to achieve what most thought impossible of someone with autism. This gave Jake the confidence to go after goals that others told him weren’t achievable. And now, after three years, a lot of work, and some serious goals, Jake has a real estate portfolio that would have taken most investors decades to build. But it didn’t come without its struggles. From financing blunders to pipes bursting and flooded basements, this episode will open you up to the realities of building a sizable rental portfolio. But, if you’re willing to take risks like Jake, pivot when possible, and build a team of investing experts, you too could replace your W2 income with real estate profits in just a few years! In This Episode We Cover: How to build a sizable real estate portfolio in three years or less Knowing your “why” behind investing and why you NEED one to be successful How to save up for a down payment and why side jobs are a MUST when building wealth Live-in BRRRRs and capitalizing on equity to build your portfolio even faster Investing out of state and why balancing cash flow with appreciation is a must The “snowball” method that Jake used to buy properties faster than most investors What to do when no one will finance your loan and why you should always have a great relationship with your banker And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Network with Other Investors at a BiggerPockets Meetup Book Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Investing in Real Estate with No (and Low) Money Down by Brandon Turner SCALE by David Greene Connect with Jake: Jake's BiggerPockets Profile Jake's Instagram Jake's Facebook Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-746 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 the Bigger Pockets Podcast Show 746!
0:04.8	Oh man, that felt good.
0:06.5	I can't believe uh, three years ago I was buying my first property and today I'm collecting over
0:12.2	$200,000 in rent.
0:13.7	So, welcome to the show everybody. That was Rob's attempt to try to sync with me on an introduction
0:19.9	as as you can see. There's a reason that I usually do it alone, but Rob thank you for trying.
0:25.2	My fuzan brother.
0:26.6	Yes, that's right, let's do that again.
0:28.0	Put your hands up.
0:29.4	You have to watch this on YouTube to see to see the magic happen.
0:33.2	Today's episode is going to make you laugh, make you cry, make you want to go run through a brick wall
0:38.4	and make you want to go hug your kids and pet a puppy. It is fantastic.
0:43.4	Rob and I interview Jake Radowick, who is a 27 year old who has 28 rental doors, over $200,000
0:52.0	in income and he's done this all in just three years getting a humble start as a valet,
0:57.7	parking cars, moving into live inflips using the birth strategy, putting low money down on properties
1:04.4	and then scaling into a different market and buying a 20 unit apartment complex.
1:08.0	That and more in today's show, I could talk about this forever Rob. What were some of your
1:11.6	favorite parts of the show?
1:12.6	I think it's a really great story. If you start out with the trust fund and you have a ton of money
1:16.8	to get started in real estate, this is how you scale. Uh, no, obviously that's not what this is.
1:21.4	This is actually a very, a perfectly, I don't want to say normal because it's like, it's very
1:28.0	abnormal how quickly he was able to do this. But I love his story that he just, you know, he wanted
	...

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