FamVestor Podcast

The average american wedding today costs around $33,000 dollars. Ouch... that’s a lot of dough to blow on a one day event that you will be paying back for years to come, but we’ve got a secret... www.FamVestor.com/wedding

Sunny and Sunmarie share their reason for choosing a limited screen time lifestyle and the effects its had on their family. https://famvestor.com/093

https://www.famvestor.com/gifts/ * ScreenFree Activities: https://docs.google.com/spreadsheets/d/1clHJmdy6CMbGd123dlt79sh3Bzih29s45a2LEciHdUY/edit?usp=sharing * https://xtramath.org/ * https://readingeggs.com/

Lue and his wife were able to retire from cooperate America and live off passive income at age 38. Before early retirement, Lue was a computer programmer in the NYC area for 14 years. Lue enjoys spending time and traveling with his wife and three children. Lue’s personal motto is passive investing, active parenting.

Lue has been a passive real estate investor since 2015. Starting out with one single-family rental, Lue has invested in 39 real estate syndication deals. Lue’s current portfolio includes indirect ownership of over 17,000 apartments, 15,000 self-storage units, 1,000 manufactured home pods, 4.5 million square feet of industrial warehouses, 6.4 million square feet of office, and 140,000 square feet of retail in 26 states. https://www.famvestor.com/094

Links:

• Lue's first show: https://www.famvestor.com/025
• Contact: mr.luechen (at) gmail.com

Lindsey Spiegel shares how her daughters from the age of 6 started their own Chicken egg-laying business and how that money was used to start their Roth-IRAs.

It's an incredible story of what a little guidance and intentional parenting can unlock in a child and the wonderful journey that can unfold.

Lindsey currently resides in a rural west Texas town on five acres with her husband and two daughters. With a background in urban farming and market gardening, she grows her own food and takes pleasure in cultivating the land. She enjoys being an Airbnb host, homeschooling, hiking, and adventuring with friends and family. Teaching her daughters the value of the side hustle and investing is something she holds dear.

Links:

• https://famvestor.com/092
• https://www.instagram.com/chickenbossesther/
• https://www.fidelity.com/retirement-ira/roth-ira-kids
• https://goodbudget.com/

Yesterday was my 30th birthday and also Sunmarie and I's 10-year anniversary!

I am happy to announce that after 5 years of concerted effort, Sunmarie and I have achieved 105% Financial Independence!

The last 5 years have been a whirlwind, we went from:

• $0 to $2+ Million in Real Estate Assets
• 0 to 12 rental units
• We started Airbnb's, Turo Rental Car Business, Amazon FBA Business
• $0 to $218,000 in Gross Passive Income
• 2 salary incomes to a single income
• 0 to 3 kids

https://www.famvestor.com/059

In the last five years, we've bought 4 properties (12 Units).

We House-hacked each one, starting with a 4-fam, then 3-fam, then another 4-fam, and now a single fam.

With each purchase, we bought more and more of our freedom.

What is incredible is that we now own $2 Million Dollars in Real Estate, and my wife and I did it all on one income, no borrowing from friends and family, just a single government-employee salary and conventional lending.

We bought them for down payments of $43k (10%) + $52.5k (15%) + $124k (20%) + $36K (10%) + $40k (Total closing Costs) = $296K

So for $296k we've been able to leverage all this real estate to now bring in over $200K a year in Gross Rents.

From this rent we are pretty much financially independent already - but once the mortgages are paid off - we'll have an additional $83K a year of Net Positive Cash Flow we will get to keep.

I love real estate... We get cash flow from rent from leveraged assets and in less than 30 years we will have these free and clear, cash-flowing assets that have been paid off by our tenants. Not to mention the appreciation and tax deductions that come with real estate as well...

I'm not saying its been an easy path, not in the slightest, we've had to make sacrifices: Wife and I lived in a small bedroom in a house with 9 adults and just 1 bathroom so we could save that initial $43k downpayment. Raising a family of 5 in less than 1000sqft apartments we would house hack.

We are starting to enjoy the fruits of our efforts, two months ago we were able to buy a great home for our family without sacrificing our freedom. It's not lavish or extravagant, but it has a backyard with a creek running through it. It backs up to a lake, with woods and a swimming beach and it's on a Culdesac. We and our kids couldn't be more excited! and the best part is, the rent we will be getting from the unit we move out of will cover the mortgage on our new property!

Hope this didn't come off as too braggy, we definitely are proud of what we've accomplished, but more so want to inspire others and show that it can be done, and it is so worth it! And that you really don't need an empire to buy your freedom, just a few strategic househacks. So wait on your dream home, buy a househack, read my case-study to see how: www.FamVestor.com/Triplex