5 • 683 Ratings
🗓️ 29 May 2023
⏱️ 12 minutes
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0:00.0 | What's up, beautiful people? Welcome back to another episode of the Action Academy podcast, |
0:04.6 | the show that helps you get rich, happy, successful, and free with a capital F in your life |
0:08.9 | and business. So, you guys read the title of today's podcast episode and probably thinking, |
0:14.7 | what the hell, Brian? What are you doing? What are you on? What is going on? Man, you run a real |
0:20.4 | estate podcast and you're selling |
0:21.7 | your real estate. What? I know, I know. I know. So today what we're doing is I'm sharing my |
0:27.2 | logical reasoning behind selling my real estate, that I'm going to share my emotional reasoning |
0:32.5 | behind selling my real estate and get into what's next and what this next season of life holds for me, |
0:39.8 | for you, for us together as an Action Academy family. The reason I'm recording this podcast episode today |
0:44.6 | is I sent up my decision making in a newsletter last Thursday, which you guys should subscribe to |
0:48.8 | if you don't already. And a lot of people email me back and said that my story helped them |
0:54.1 | a lot and it helped |
0:55.4 | enforce some decision making for them. And it helped them move on to a new season of their |
0:59.2 | life. So hopefully this podcast episode has a similar effect. So let's begin. I have four units in |
1:04.7 | the northern suburbs of Atlanta, Georgia and their co-living properties. So they pert out about |
1:10.3 | $3,400 of cash flow when they're fully |
1:13.0 | rented out. And I house had both of these properties. So I put 3% down on the first and 5% down |
1:17.5 | on the second one. And I lived in a owner occupied them for over a year. The first one I bought in |
1:22.2 | 2019, the second one I bought in 2020. And so they were able to appreciate like freaking crazy through the COVID boom. |
1:29.0 | And as all you guys know, when you house hack, you're living for free. So not only was I making that |
1:33.1 | cash flow, but I didn't have to pay rent. I didn't have to pay a mortgage. So my expenses were |
1:37.3 | essentially non-existent. And this is what helped me get out of my corporate job and go |
... |
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