how to retire early using real estate (ditch your job in 3 years using this guide!)

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HOW TO RETIRE EARLY USING REAL ESTATE (DITCH YOUR JOB IN 3 YEARS WITH THIS GUIDE!)

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Page 1: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

HOW TO RETIRE EARLY USING REAL

ESTATE (DITCH YOUR JOB IN

3 YEARS WITH THIS GUIDE!)

Page 2: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

HOW TO RETIRE EARLYThink earlyretirement in 3 short years is impossible? Read on.

01

First, Some AssumptionsLet’s get on the same page about retirement goals.

02

Break Down Big GoalsNow that you know what you need, break it down.

03

Make an Actionable PlanSo how do you ACTUALLY get to early retirement?

04

Reaching Early RetirementMaking it happen is going to take some serious action.

Page 3: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

Let’s get on the same page about what early retirement means.

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1. FIRST, SOME ASSUMPTIONS

Page 4: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

4Copyright © 2016 BiggerPockets Inc. All Rights Reserved

ASSUMPTION #1We’re assuming you don’t need six figures to retire early.

Just because you want to learn how to retire early doesn’t mean you’re financially unrealistic. We’re not talking about buying a yacht, drinking Cristal, and swimming in cash like Uncle Scrooge.

Page 5: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

ASSUMPTION #2We’re assuming you simply need to be able to pay your bills with passive income.For this assumption, we’re going to use $54k/year or $4,500/month.

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Page 6: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

WE GET IT…

Those are some presumptuous assumptions.But don’t worry. If you need more than that for your early retirement, you can adjust your numbers later.

Page 7: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

Now we have our big goal for early retirement -- $4,500/month within 3 years.Let’s break it down.

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2. BREAK DOWN BIG GOALS

Page 8: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

EARLY RETIREMENT INCOME NEEDED = # OF RENTALS x INCOME PER RENTAL

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LET’S WORK BACKWARDS

$4,500/MONTH = # OF RENTALS x INCOME PER RENTALThat’s the simple formula we need. And so far we know…

Now let’s take a closer look to fill in the other variables.

Page 9: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

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HOW MANY RENTALS?To reach $4,500/month, how many rentals will you need? First, we need to know how much a rental would likely profit in a month.

Page 10: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

HOW MUCH INCOME/RENTAL?No one’s situation will look exactly the same, but let’s take an average, attainable number. Let’s say $150/month is a doable average.

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Page 11: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

SO WHAT’S THE BREAKDOWN?If you need $4,500/month and each unit nets $150/month, you’ll need 30 units for a sustainable early retirement.

Page 12: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

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NOW OUR EQUATION LOOKS LIKE THIS

$4,500/MONTH = 30 RENTALS x $150/RENTAL PER MONTH

Page 13: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

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NOW WE’RE GETTING SOMEWHERE

But we’re not done yet. Now we need to make a plan to get those 30 units.

Page 14: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

Your plan will guide you. Action will get you to early retirement.

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3. MAKE AN ACTIONABLE PLAN

Page 15: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

YEAR ONE

Let’s ease into it by acquiring just 5 units the

first year.(Your step-by-step buying

guide is right here!)

YEAR TWO

The second year, let’s set our sights on 10 more units.

YEAR THREE

You’re a pro now. In year three, aim for 15 more units, for a total of 30.

BREAKDOWN

Let’s break up our 30-unit goal into

three mini-goals, one for each year.

Page 16: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

OVERWHELMED?Obtaining 30 units in 3 years might seem impossible –- but it’s not. (Promise.)

These resources will get you there…

Page 20: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

Still wondering how to retire early? Here’s how to actually make it happen.

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4. REACHING EARLY RETIREMENT

Page 21: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

GET COMFORTABLE WITH ACTIONIn short, early retirement is going to take a lot of action. You’ll need to analyze dozens if not hundreds of deals. At first, it will be hard. But you’ll get better.

Page 22: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

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NO MONEY TO FUND IT?Try house hacking, a HELOC, seller financing, lease options, or dozens of other creative strategies.

Page 23: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

THE BOTTOM LINE IS…If you want early retirement badly enough, you’ll find a way.

And we’re here to help.

Ask any and all of your “how to retire early” questions on our Forums -– and chances are, one of our 600,000 members will be able to give you advice.

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Page 24: How to Retire Early Using Real Estate (Ditch Your Job in 3 Years Using This Guide!)

24Copyright © 2016 BiggerPockets Inc. All Rights Reserved

Want to Learn More?We believe life-changing financial information should be free.

For more actionable articles on how to retire early (and much more), follow us on Facebook and visit our blog.

In fact, we think you’d especially like:

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• Want to Retire Early? Sorry, But Much of Your Net Worth May Not Help

• Want to Escape a Soul-Crushing Job, Reclaim Free Time or Retire Early? Here Are 3 Feasible Paths to Take.