How I Quit Corporate with Just 3 Rentals (Real Estate Changed My Life)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 27 October 2025

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

New investors are often told to avoid pricey markets and buy rental properties in more affordable areas, but today’s guest did the exact opposite. Now, he owns three duplexes that bring in $9,000 in monthly cash flow and was able to quit his corporate job much sooner than would have been possible otherwise. With his investing roadmap, you could, too! Welcome back to the Real Estate Rookie podcast! James Kitt couldn’t see himself spending the next 40 years of his life working in a cubicle, so when the world suddenly shut down, he decided to take a stab at real estate investing. But rather than chasing below-median home prices in other areas of the country, James leaned into his own market just outside New York City. Despite having very little money saved, he found a way to buy his first rental property with just $1,000 down! No matter your market, James will show you how to use debt to fast-track financial freedom and potentially leave your W2 job with only a few properties. You’ll also learn how to “live for free” through the power of house hacking, save a fortune with do-it-yourself (DIY) home renovations, and more! In This Episode We Cover How James makes $9,000 in monthly cash flow with just three properties Fast-tracking financial freedom by investing in high-cost-of-living areas Saving thousands of dollars with do-it-yourself (DIY) home renovations How to wipe out your living expenses with the house hacking strategy Several creative ways to put low money down on an investment property How to attract your “target tenant” and lower your vacancy rates And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/rookie-632 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	Our guest today is charging 5,000 to 6,000 per a unit just from duplexes in one of the most
0:06.7	expensive markets in the country.
0:08.3	James Kit used three low money-down loans to build a $3 million plus luxury rental
0:14.5	portfolio without ever needing a business partner.
0:17.2	And in today's episode, we're going to break down.
0:18.9	How are you doing?
0:24.5	This. partner. And in today's episode, we're going to break down. How are you doing? This is The Real Estate Rookie Podcast. I'm Ashley Care. And I'm at Tony Gia Robinson. And with that,
0:29.9	let's give a big warm welcome to James. James, thank you for joining us today, brother.
0:33.4	Guys, thank you for having me. I've been watching the show for a little while now. So it's cool to kind of finally be a guest on it. So thanks.
0:40.1	So James, give us a quick overview of what your portfolio looks today. And after that intro, I need to know what market you are in, how many doors, and what does that cash flow actually add up to?
0:51.0	Yeah. So I reside outside of New York City in southwestern Connecticut.
0:55.8	So it's a very wealthy suburb area. It's about 45 minutes from New York City. So a lot of
1:02.2	commuters in our area. I currently have six doors. I'm actually house hacking one of the properties now.
1:08.3	And so from a cash flow perspective, if you were to take the market rent for my
1:13.3	current property that I live in, you're looking at just about over $9,000 a month in cash flow.
1:17.8	That's awesome. Congratulations. And what year did you start doing this?
1:22.7	20, 2021. So that's not that long of a time frame to accumulate $9,000 in cash flow per month.
1:30.4	Yeah, I like to think I was at the right place, the right time, and also a little bit of luck and a little hard work, hopefully.
1:38.1	So a few things came together for me, I think.
1:40.2	James, you said you're in New York City, right?
1:42.0	Or just outside of New York City, I'm in Los Angeles.
1:44.8	Like, we're talking about two of the most expensive metros that exist on the planet.
	...

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