By 28, Sonny Burns owns over a million dollars in real estate, generates six figures in annual rent, and is months away from quitting his engineering job for good. Most of his peers are still paying off student loans. Burns, a project engineer who writes at famvestor.com, didn't inherit money or get lucky with crypto — he made a series of calculated decisions that compounded into financial freedom before age 30. He graduated college with a positive net worth by strategically using the Department of Defense Smart Scholarship, then moved in with family to save $75,000 in two years. That seed capital became a four-family property in Northern New Jersey, the first of several house hacking deals that now generate over $100,000 in gross annual rent. His current expenses? $27,000 a year. The conversation below breaks down the specific moves — from scholarship hunting to tenant screening — that gave him a decade-long head start on financial independence. Key Takeaways Sonny learned frugality from his upbringing, leading him to make strategic financial decisions. [00:03:13] He utilized the Department of Defense Smart Scholarship to graduate with a positive net worth. [00:04:27] Sonny's house hacking strategy involved purchasing multi-family properties to live for free and generate income, significantly lowering living expenses. [00:21:01] He discusses the importance of calculated risks and leveraging opportunities to build wealth through real estate. [00:30:02] Strong relationships with tenants lead to successful property management, emphasizing the importance of tenant screening and maintenance. [00:33:36] Sonny shares his goal of reaching full financial independence and achieving a more flexible lifestyle for his family. [00:46:10] Timestamps and Chapters 00:00:41 - Introduction to Sonny Burns 00:10:00 - Sonny's Journey to Financial Independence 00:20:46 - House Hacking Strategy 00:30:02 - Real Estate Challenges 00:32:36 - Navigating Tenant Relationships Notable Quotes "Sonny's story could fill a three-hour episode. There's so much here." [00:10:09] "All the nightmares of landlording or house hacking come from dealing with tenants." [00:33:28] "I wish I had earlier on learned about the Roth IRA and started maxing out those accounts earlier." [00:52:40] "Hard choices lead to easy lives." [00:24:09] "Managing just $27K in annual expenses." [00:42:10] Related Resources BiggerPockets Podcast [00:07:00] Famvestor Blog [00:46:21]