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Get Your Money Right w/ Emily & James Lowery
Manage episode 400111331 series 3486319
Indhold leveret af James Rippeon & Patrick McGrath, James Rippeon, and Patrick McGrath. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af James Rippeon & Patrick McGrath, James Rippeon, and Patrick McGrath eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
In this podcast episode, our guests Emily and James Lowery share their journey to financial independence through real estate investments. They discuss their background, including James' previous job as a manager at a PT clinic and Emily's career as a mechanical engineer. They explain how they transitioned from living paycheck to paycheck to becoming early retirees, motivated by their desire to be stay-at-home parents. The couple describes their strategy, which involved cutting spending, downsizing their living arrangements, and house hacking. They now own 10 units, including short-term rentals (STRs), long-term rentals (LTRs), and medium-term rentals (MTRs) in Alabama, generating a net cash flow of $8-10k per month. They achieved their financial goals and are now focused on enjoying their freedom and traveling. Their advice for those interested in pursuing a similar path is to "get your money right" and address any financial challenges first. They also discuss the obstacle of deciding where to be geographically, which they overcame by obtaining European Union citizenships.
You can connect with our guest on Instagram @rethinktheratrace or their website at www.rethinktheratrace.com.
Are you interested in finding great off-market investment opportunities? We’ve partnered with DealMachine to help bring great deals to your doorstep. All you have to do is sign up with DealMachine and use the code THEREALFI at signup. Patrick and I are clients of DealMachine and have made a lot of money using their services. We hope you do too!
Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to info@TheRealFI.com and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!
You can connect with you hosts on instagram:
James on Instagram: @James_Rippeon
Patrick on Instagram: @RentalPropertyCouple
Watch on Youtube.
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