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BiggerPockets Real Estate Podcast

Financial Freedom in 6 Years by Buying Rentals with Just $6,000 Down

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 5 May 2025

⏱️ 38 minutes

🧾️ Download transcript

Summary

This investor turned $6,000 into financial freedom in just six years. He did it in a major market and became a millionaire by age 28 simply by repeating this beginner-friendly rental property strategy over and over again. And, even though he started earlier, you can STILL buy properties like his, at affordable prices, that cash flow, in the same market today. Where is he investing, and how did he scale up so fast? We’re breaking it all down in today’s episode. Jeremy Taggart saved every dollar from his college internship, knowing he wanted to invest in real estate after graduation. He bought his first house, a small multifamily, for just $6,000 down, lived in it, did some DIY renovations, and increased the value. Thanks to the rent savings, he bought another property the following year—this time, making $50,000 (tax-free!) by fixing it up. This was just the start of the “rinse and repeat” strategy that would turn Jeremy into a millionaire before he was thirty. But it wasn’t easy. Jeremy was fired from his job, had to start working for himself, and did what many real estate investors won’t. The result? Complete financial independence less than a decade after graduating college. His strategy still works in 2025, but will you use it? In This Episode We Cover: The easiest way to buy your first property with low money down (only $6,000!) Making $50,000 tax-free using the “BRRRR strategy” (buy, rehab, rent, refinance, repeat) The affordable, cash-flowing, stable real estate market Jeremy invests in (you can, too!) Is becoming a real estate agent worth it as a real estate investor? Why Jeremy switched from “cash flow” to “equity” investing for long-term wealth And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest Rich Dad Poor Dad Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Grab the Personal Finance Classic, “Rich Dad Poor Dad” Sign Up for the BiggerPockets Real Estate Newsletter Find an Investor-Friendly Agent in Your Area The BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat) Connect with Jeremy Connect with Dave Check out more resources from this show on ⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠ and ⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1117 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 investor bought his first property with only $6,000 in cash.

0:04.7

Then he did that six more times.

0:07.6

And now he owns more than 50 rental units.

0:11.1

And there's no reason to think that you can't take your first steps today

0:14.5

and get on a similar journey to financial freedom.

0:22.9

Hey, everyone.

0:24.0

Dave Meyer here.

0:25.0

I've been buying rental properties myself for 15 years now.

0:28.7

I've written two books about real estate investing, and I am the head of real

0:31.8

estate investing at Bigger Pockets.

0:33.9

And joining me today on the show is investor Jeremy Taggart.

0:38.6

Jeremy lives and invest in Pittsburgh, where he's built a seriously impressive

0:42.8

portfolio of rental properties, and he has a thriving agent business.

0:47.8

Jeremy is going to tell us how he has basically repeated the same low money down strategy

0:54.0

for almost his entire 20s,

0:56.5

how getting fired from his day job was actually a pivotal and beneficial moment in his life,

1:02.8

and why Pittsburgh is a market anyone looking to invest long distance should consider exploring,

1:07.8

especially in today's market.

1:09.9

Let's bring on Jeremy.

1:12.3

Jeremy, welcome to the show.

1:18.1

Thanks for joining us. Hey, Dave. Thanks for having me. Absolutely. Let's just start by hearing a little bit about your background. How did you come to be involved in real estate? Real estate kind of came

1:23.2

into the picture for me a little over a decade now. I was sophomore in college. Like many others,

...

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