Accredited Investor? We Have a Deal Available Right Now! Click Here to Schedule a Call and Get Full Access

Living for “Free” with 63 Self-Storage Units

The older you get, the more you realize how much life costs. As a kid, it’s easy to take for granted the free rent and free meals, but what if you could get back to that? What if you could live mortgage or rent-free as an adult? What if you could have your meals paid for on someone else’s dime? In today’s episode, our guest, Nate Weintraub, shares how he lives for “free” with his three properties that total sixty-five units.

With a real estate investor as a father, Nate has always been around rental property investing. He never saw himself getting into real estate until he worked his first W-2. After seeing the realities of a nine-to-five, Nate decided to buy a property after college and pursue real estate. In March of 2020, he put a house under contract in Rochester, New York. Since then, he has purchased a sixty-three-unit storage facility in Alabama and is currently house hacking in Florida.

As Nate works toward financial freedom, he has made steps toward reducing his cost of living while still living a life he loves. In addition to being an investor, he does what he loves as a self-employed copywriter—BiggerPockets’ copywriter in fact. At only twenty-four, Nate lives rent-free in his house hack, his rental property covers most of his food, and his real estate investment trusts pay for his car.

This is Real Estate Rookie, episode 213.

I don’t count on any of the income that comes from the rental or the storage facility as true income. I don’t touch it. It’s just for reinvesting for right now, but in my mind I can allocate that stuff. So basically, I’m living for free right now in the house hack. The rental property covers most of my food every month. And I invested in a bunch of real estate trusts, which you can invest in the stock market and that pays for my car. So we’re slowly ticking the things off, with each property that comes up it becomes how can I live my life for free? And if you keep your expenses…

Source link

Related Articles