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BiggerPockets Real Estate Podcast

845: The Slow, Steady Way to Make $50K Per MONTH with Rental Properties w/KC Massie

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 16 November 2023

⏱️ 57 minutes

🧾️ Download transcript

Summary

How many rental properties would it take for you to become financially free? Five, ten, twenty, one hundred? And once you know how many you need, how long will it take you to get there? KC Massie reached financial independence in his thirties after eleven years of slowly, quietly, and strategically building a repeatable rental property portfolio that rakes in over $100,000 per MONTH in rent. Yes, you read that right—six figures a month! KC didn’t do anything spectacular to achieve this feat. He didn’t raise any money from friends or family, buy a thousand units in a year, or use risky debt. Instead, KC did things the old-fashioned way—slowly building a portfolio of rental properties, consistently buying every year, and making the most money he could at his job to fuel his purchases. Fast forward eleven years, he has complete financial freedom and has enough money to do whatever he wants, whenever he wants. In today’s show, you’ll hear about KC’s repeatable path to real estate wealth, the surprisingly ordinary methods he used to build a BIG portfolio of rental properties, and why he encourages EVERY real estate investor to start “building quietly.” In This Episode We Cover How KC built a $50K/month rental property income stream in just eleven years The “limiting beliefs” you’re telling yourself that stop you from achieving financial freedom Working with your spouse and why you WANT them included in your rental business Why getting better at your job is the fastest road to early retirement How KC doubled his portfolio overnight with one very smart move Why you MUST start “building quietly” if you ever want to become wealthy And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-845 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 BiggerPockets Podcast Show 845 every week.

0:05.0

It is our goal to bring you the stories, the how-to, the information so that you can make smart decisions in today's current real estate market.

0:16.5

We hope that by listening to bigger pockets, you can grow your knowledge base faster

0:20.9

than Taylor Swift's bank account. Now if you're wondering where are David and where are where is Rob? Well today is substitute teacher day. If you grew up and went to high school or middle school or elementary school in the

0:34.4

80s and 90s today is the day where the bell rings your teacher's not in class

0:38.6

the door swings open and that big boxy TV rolls through on the cart with a VCR.

0:45.0

So we've got myself, Andrew Cushman,

0:47.2

as your coast here, and of course,

0:49.6

Matt Faircloth.

0:50.6

How you doing, Matt.

0:51.4

I'm great, Andrew.

0:52.3

It's great to be with you today and you totally

0:54.0

dated yourself like six times in that intro by the way because there are people out there listening right now wondering what a

0:59.6

VCR is you know I'm just gonna own. I can't hide the gray anymore, so I'm just going.

1:05.6

Andrew, it's great to be with you today. I'm so grateful that David and Rob left the microphones on for us today, so you and I could jump in and be co-host here.

1:13.3

Today we've got an amazing guest Casey Massey from Lexington, Kentucky.

1:18.9

Matt, what are we gonna hear from from K-C today?

1:22.6

I'm super excited for today's conversation, Andrew, because you and I have debated for many,

1:26.6

many years on which is better to get in a multifamily to do the organic growth method

1:31.1

as I did, which is to buy a two unit, then to buy a four unit, to buy an eight unit.

1:36.0

Airquote, double your portfolio every time you do a deal.

1:40.0

You can do it that way or you can just hop directly into the deep end with where the sharks are as well

...

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