From Zero to $8,000/Month Cash Flow in Just 2 Years (While Working a W2)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 28 April 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Growing to $8,000 in monthly cash flow and 35 rental units—all while working a W2 job?! Just two years ago, today’s guest knew nothing about real estate investing. But he found a deal and brought it to someone with money, and this single move launched his investing journey. Want to do the same, starting from zero? Then you don’t want to miss this one! Welcome back to the Real Estate Rookie podcast! Luke Tetreault was miserable at his W2 job. When he had finally reached his breaking point, he decided to take a swing at real estate—and at first, it wasn’t pretty. Without any investing knowledge or experience, Luke found his first property on Facebook Marketplace and didn’t even have the money to close it himself. So, he reached out to an old contact, who ended up funding the deal. Over time, he grew his network until he had contractors and private money lenders for all his deals! He started with a single-family home, but his most recent deal? An 18-unit mobile home park he bought with creative financing. Stick around as Luke teaches you how to find off-market deals no one’s looking for, use your everyday hobbies to build out your investing team, and scale your portfolio starting with little to no cash! In This Episode We Cover How Luke scaled to $8,000 in monthly cash flow and 35 units (in TWO years) Boosting your cash flow by pivoting to another investing strategy Buying an 18-unit mobile home park with zero money out of pocket Creative ways to find off-market real estate deals at a deep discount Two signs you’re ready to leave your W2 job for real estate investing Leveraging your own hobbies and passions to build your investing team And So Much More! Check out more resources from this show on ⁠BiggerPockets.com⁠ and ⁠https://www.biggerpockets.com/blog/rookie-554 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	Hey, rookies. We often talk about the importance of consistent action for real estate investing.
0:07.2	But there are some investors that take this to an extraordinary level.
0:12.3	Today's guest has built a portfolio of 35 rental units and completed 13 flips in just two years,
0:19.5	all while working full-time as a welder.
0:22.7	And honestly, what makes this story even more remarkable is how he's leveraged networking
0:26.4	and private money to really accelerate his growth. Starting with literally zero investing
0:31.8	experience and no formal business background, Lucas created nearly a million dollars in equity
0:37.4	and $8,000 in monthly cash flow.
0:40.6	So today, he's going to break down how he went from his first Facebook marketplace deal
0:45.8	to recently acquiring an 18-unit mobile home park through creative financing.
1:00.6	This is the Real Estate Rookie podcast, and I'm Ashley Care. And I'm Tony J. Robinson, and let's give a big warm welcome to Luke. Luke, thank you for joining us today, brother.
1:04.6	Thank you, guys. I appreciate it. So, Luke, you work as a welder for your full-time job,
1:09.5	but you've told us you don't love your job per se.
1:13.9	So how did you land on real estate for your next steps for financial freedom?
1:18.8	Well, I think it kind of started with it was a little bit more than a dislike of my job.
1:24.1	I found myself pretty, pretty miserable.
1:29.7	Just kind of disappointed at myself how I kind of ended up where I was at in life. I always felt like I should be doing something a lot bigger, a lot more,
1:35.1	and I just never felt like I quite fit in with the guys I was working with, you know, the long 60, 80 hours
1:42.6	a week we were working. And, you know, before I knew it,
1:45.9	I was 25 years old. And I'm like, I started welding straight out of high school. I didn't go
1:51.2	to college. Um, just went kind of straight to work. And I just felt like my life just kind of,
1:56.6	I snapped. And all of a sudden, all of my younger years are are over and I'm just not really getting anywhere.
	...

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