28 Rental Units Before 28 Years Old by Putting Family First
BiggerPockets BiggerPockets
1.19M subscribers
44,918 views
0

 Published On Mar 30, 2023

Twenty-eight rental units before turning twenty-eight years old? That takes some SERIOUS drive. But after talking to Jake Radawick, the whole story makes much more sense. Within three years, Jake built a rental property portfolio that brings in over $200,000 a year in rent and provides Jakes with a full-time salary’s worth of passive income. But Jake wouldn’t have done any of it if it weren’t for his family—specifically his brother.

Jake’s older brother has been his “why” for as long as he can remember. He broke through barriers and was able to achieve what most thought impossible of someone with autism. This gave Jake the confidence to go after goals that others told him weren’t achievable. And now, after three years, a lot of work, and some serious goals, Jake has a real estate portfolio that would have taken most investors decades to build. But it didn’t come without its struggles.

From financing blunders to pipes bursting and flooded basements, this episode will open you up to the realities of building a sizable rental portfolio. But, if you’re willing to take risks like Jake, pivot when possible, and build a team of investing experts, you too could replace your W2 income with real estate profits in just a few years!

~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?...
~~~~
Grab Some BiggerPockets Merch:
https://bit.ly/biggerpocketsswag
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Connect with Other Investors on the BiggerPockets Forums:
https://www.biggerpockets.com/forums?...
~~~~
Books Mentioned in Today’s Show:
Buy, Rehab, Rent, Refinance, Repeat: https://store.biggerpockets.com/produ...
Investing in Real Estate with No (and Low) Money Down: https://store.biggerpockets.com/produ...
SCALE: https://store.biggerpockets.com/produ...
~~~~
Network with Other Investors at a BiggerPockets Meetup:
https://www.biggerpockets.com/forums/...
~~~~
Connect with Jake:
BiggerPockets: https://www.biggerpockets.com/users/j...
Instagram: @jake_radawick or   / jake_radawick  
Facebook:   / jacob.radawick  
~~~~
Connect with Rob (Robuilt) on YouTube, Instagram, TikTok, and Twitter:
YouTube:    / robuilt  
Instagram:   / robuilt  
TikTok:   / robuilto  
Twitter:   / robuiltchannel  
~~~~
Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/d...
Rob: https://www.biggerpockets.com/users/r...
~~~~
Follow David and BiggerPockets on Instagram:
@davidgreene24 or   / davidgreene24  
@biggerpockets or   / biggerpockets  

Episode #746

Show notes at: https://www.biggerpockets.com/blog/re...

00:00 Intro
03:03 Quick Tip
03:49 Financial Freedom for His ENTIRE Family
11:38 Getting the First Deal Done
17:22 Saving Up For a Down Payment
20:32 The "Snowball" Method
26:17 The Live-In Flip and Plumbing Problems
33:41 Investing Out of State and Buying a 19-Unit
44:41 Jake's Current Portfolio
47:35 Connect with Jake!

show more

Share/Embed