From Job Loss Risk to $6,000/Month Cash Flow & 10 Rentals in 2 Years

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 26 May 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are you tethered to your W2 job as your main (or only) source of income? What if it disappeared tomorrow? After a huge wake-up call, today’s guest realized he needed to take control of his financial future as soon as possible. In just two years, he scaled to 10 rentals that bring in a whopping $6,000 in monthly cash flow…and he’s not done yet! Welcome back to the Real Estate Rookie podcast! Lorenzo Decaria thought his 18-year software engineering career was stable until his employer started making cuts. With his family’s finances in jeopardy and no backup plan, Lorenzo decided it was time to become self-sufficient. After a friend introduced him to real estate investing, Lorenzo committed all of his time and energy (and savings!) to buying rental properties, and in just two years, he has built a real estate portfolio that brings in $6,000 a month. The best part? His ultimate goal—achieving financial freedom—is within reach! In this episode, Lorenzo shares the secret to his rapid success—using the BRRRR method (buy, rehab, rent, refinance, repeat) and reinvesting his profits back into his portfolio! You’ll also hear about the pitfalls of hiring shady contractors, the pros and cons of Section 8 investing, and how to maximize your cash flow by stabilizing your properties! In This Episode We Cover How Lorenzo built a 10-property rental portfolio in just TWO years Scaling fast with the BRRRR method (buy, rehab, rent, refinance, repeat) How to use real estate to achieve financial freedom and leave your nine-to-five The keys to managing contractors, renovations, and evictions remotely The pros and cons of Section 8 investing (and why this strategy could change in 2025!) How to increase your cash flow by stabilizing your rental properties And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/rookie-566 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	One of the challenges a rookie real estate investor faces is finding the right market to launch their first deal.
0:06.3	You might want to look at economic factors like job growth, population growth, and price-to-rent
0:11.4	ratio, just to name a few. But you also need to feel comfortable with the challenges of managing
0:18.0	out-of-state properties. And our guest today did just that. He built a 10
0:22.7	property portfolio with the intent of finding financial freedom for his family, and he used
0:27.6	the Burr strategy and has weathered contractor's dilemma and evictions, all while self-managing
0:32.4	from an entirely different state.
0:42.7	This is the Real Estate Rookie Podcast, and I'm Ashley Care.
0:44.3	And I'm Tony J. Robinson.
0:47.8	And let's give a big warm welcome to Lorenzo.
0:49.2	Lorenzo, thank you for joining us today, brother.
0:50.7	Thank you for having me as a guest.
0:52.0	Super excited to be here.
0:53.4	Lorenzo, let's start.
0:58.1	Before you even knew what real estate investing was, what was your life like? And when was the moment that a switch really flipped for you, figuring out real
1:04.3	estate investing? I start as a software engineer. I've been in this industry for 18 years I've always been an employee and as you
1:14.8	know that means trading time for money right you trade your time for for hourly
1:21.3	rate which can be very high if you are skilled or if you are in a solid industry
1:27.4	as software engineering is.
1:30.6	But still, it kind of feels capped.
1:33.6	It kind of feels you have a cap.
1:36.4	So I've always been looking for, you know, a way to scale independently from the time I put into something. And I've tried pretty
	...

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