The beautiful thing about achieving financial independence through real estate is that it frees up time so you can pursue things you are passionate about. On today’s episode, we talk with Rachel Richards, investor and author, about how she was able to quit her job and retire at 27.
Rachel started investing in 2017 and quickly grew her portfolio to almost 40 rental units by the end of 2018. We discuss with Rachel the step by step process it took for her to grow her portfolio, lessons learned as a long-distance investor, how she funded these properties, and what it was like to transition into retirement from full-time work. Rachel also shares the systems and apps she uses to efficiently manage her portfolio.
Rachel Richards owns almost 40 rental units within six properties. She has two single family homes, one duplex, and three buildings that are 10-12 units. She acquired all her properties between 2017-2018 and were purchased with combined funds with her husband. All have conventional mortgages with 20-25% down payments. At the age of 27, Rachel quit her job and retired, living off over $10,000 per month in passive income. She is the bestselling author of two books on financial literacy, and a former financial advisor.
On today’s episode, we discuss a ton with Rachel including:
How patience found her a great first deal The importance of having specific criteria Mistakes to avoid when investing long distance How to get over the fear of quitting your full-time job.Books/Resources
Money Honey by Rachel Richards
Passive Income Aggressive Retirement by Rachel Richards
The Miracle Morning by Hal Elrod
The Five Love Languages by Gary Chapman
FREE GIFT - Passive Income Starter Kit www.moneyhoneyrachel.com/bonus
Contact Information
In The Only Woman in the Room, 20 incredible women share how they were able to achieve financial freedom in a world historically dominated by men. From residential to commercial, this book is packed full of knowledge and inspiration on all facets regardless of where one is in their real estate investing journey. Our passion behind this book is to help women secure a financially strong future especially during these unprecedented and uncertain times.
The early reviews for The Only Woman in the Room - Knowledge and Inspiration from 20 Successful Real Estate Women Investors have been amazing!
“Throughout my career there were multiple occasions where I have stood as the only woman in the room. This powerful book is a must read and I only wish it had been available early on in my career!”
-Barbara Corcoran
Founder of The Corcoran Group
You will learn TONS of tips, strategies and “hacks” to implement immediately in the following areas:
Creatively finding and financing deals Getting started Scaling a multifamily portfolio Raising private capital Marketing Construction Management And Much More!!BUY THE BOOK NOW!
https://therealestateinvesther.mykajabi.com/book
InvestHER Community
Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms.
How To Join the InvestHER Movement
1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves.
Subscribe via Itunes Subscribe via Android Subscribe via Stitcher2) InvestHER Community on Facebook
We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!
3) InvestHER Meetups Around the Globe
We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE!
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