873: Replacing Her HUGE W2 Salary in Just 3 Years w/ "Negative" Equity Rentals w/Kate Lynch

How much passive income would you need to quit your job? How many rental properties would you have to buy? Most real estate investors think they’d need twenty, thirty, fifty, or a hundred units to finally retire with a six-figure passive income stream, but that could take decades to achieve. So, how do you do it faster? How do you build massive passive income, monstrous cash flow, and find financial independence fast? Follow Kate Lynch’s advice.

Three years ago, Kate was working…a LOT. Seventy-hour work weeks were the norm as she left the house before sunrise and returned well past sunset. Her family time was non-existent, moments with her kids were only reserved for the weekends, and her job controlled every aspect of her life. And while she was getting compensated fairly for the work she was putting in, watching her family time fly by was too much of a burden to bear. So, a rental property portfolio became the goal.

Kate bought in a completely unconventional area for her strategy, focusing entirely on cash flow, not caring much about equity, and doing whatever she could to replace her outrageous W2 income. Now, just three years later, she’s financially free, and if you follow her steps and only make a THIRD of what she’s making, you will be too!

In This Episode We Cover:

How to get off the “hamster wheel” of working a W2 job and find financial freedom

Using your retirement funds to invest in real estate (and whether or not it’s worth it)

The unconventional short-term rental markets that make HUGE cash flow

Buying homes with “negative equity” and how they can make you massive passive income 

Long-term vs. short-term rentals and whether the extra cash flow is worth more work

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

BiggerPockets Merch

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Be a Guest on the BiggerPockets Podcast

Ask David Your Question

David's BiggerPockets Profile

David's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

Rob's BiggerPockets Profile

Rob's Instagram

Rob's TikTok

Rob's X/Twitter

Rob's YouTube

See How Much You Can Earn on Airbnb

Ask Your Seeing Greene Question

10 Deals on a $20K Waitress Salary w/Ashley Hamilton

Connect with Kate

Kate's BiggerPockets Profile

Kate's LinkedIn

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-873

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