Kevin Clayson
This week on Replace Your Income we interviewed a couple who turned up the heat on their investing strategy. Eight years ago, Pat and Kat started their real estate journey with us, and what a ride it’s been! They embarked on this adventure in 2015, making a gutsy move by liquidating their Roth IRA, which was worth a cool $180k at the time. 🚀💸
Their strategy was simple yet effective: they purchased 3 properties during this time and, in the process of eight years, grew to 8 properties. This raked in a whopping $800,000 in equity. But what’s their secret sauce, you ask? Well, they’re all about the art of “waiting.” They took a short-term hit for a long-term gain, and boy, did it pay off! 📈💥
Pat and Kat have been exceptional stewards of their investments, even navigating the challenges of three hurricanes in our Florida market. They’ve had tenants almost the entire time, and with the support of our excellent property managers, they’ve had all the help they’ve needed. 🌀🏠
In 2018, they made another move by cashing out on one property. With the proceeds and a bit more, they transformed a single house into two lucrative investments. But their strategic patience shines through; they’re waiting for their portfolio to double every 5-6 years before making it their primary income source.
The best part? They’ve crafted a stress-free, secure future for their family, all thanks to their wise investments. Tune in to the podcast episode for more invaluable insights from this savvy investing pair! 🎧
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Income replacement for you and your family may only be one property away!