521: Full-Time FIRE and Traveling the World…All Thanks to Rentals!

Could real estate investing help you reach financial freedom much sooner than you thought possible? Today’s guest had his world turned upside down by one tragic incident, but he was able to quit his W2 job, pivot to real estate, and fast-track his journey to FIRE!
Today, we’re chatting with technology instructor turned full-time real estate investor Keith Nugent. After a skydiving accident rendered him unable to perform his previous job duties, Keith knew he needed a new path to financial independence. Fortunately, he discovered real estate at the perfect time. Taking advantage of the fallout from the 2008 housing market crash, Keith started loading up on rental properties—often buying them for pennies on the dollar. In just twelve years, he had not only achieved his goal of thirty cash-flowing units by 2020 but also added an additionalten units to his portfolio!
Thanks to real estate, Keith now has a career that fully accommodates his disability and will allow him to retire early. In the meantime, he enjoys his newfound financial freedom by traveling the world and spending time with his FIRE-bound friends. In this episode, Keith offers practical tips on how to start investing in real estate—from choosing your market to buying your first rental property and more!

In This Episode We Cover
How Keith became a full-time real estate investor after a tragic skydiving accident
How to replace your W2 income and achieve financial freedom with real estate
Why time in the market is MORE important than timing the market
How to determine how much cash flow you need to support your retirement
Why you NEED an estate plan and how to decide who inherits your assets
And So Much More!

Links from the Show
BiggerPockets Money Facebook Group
Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Mindy on BiggerPockets
Scott on BiggePockets
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
Money Podcast 330 - The Ultimate Teen Money Hack for Parents
Money Podcast 397 - Estate Planning, Wills, & What to Do NOW to Protect Your Heirs
Grab Your “Family Emergency Binder”

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-521
Learn more about your ad choices. Visit megaphone.fm/adchoices