Episode #1187 Get 6 Months of RentRedi for $1 with Promo Code “BP2025”: https://rentredi.com/biggerpockets/?utm_source=biggerpockets&utm_medium=partner&utm_campaign=YT_03.2025&utm_content=RE Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust: https://eqtytrst.co/bp-1031 Episode Show Notes: https://lnk.to/biggerpocketsYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab Dave’s (NON-Pulitzer Prize Winning) Book, “Start with Strategy”: https://store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the BiggerPockets Real Estate Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch _On the Market_ 361 - One of the Best Types of Rentals Just Got Cheaper (New Builds): https://www.biggerpockets.com/blog/on-the-market-361?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Henry: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none How much money do you need to invest to retire with real estate? We did the math, and it’s not as much as you’d think. In fact, in some markets, even with a small amount of disposable income, you could become financially free in just five years. We’re asked about retiring with rentals so often that we’re providing an in-depth answer in today’s show. You asked, Dave and Henry are answering. Today, we’re grabbing questions directly from the BiggerPockets Forums and shooting them straight at two of the most trusted real estate investors in the industry. One beginner wants to know how he can achieve financial independence in just five to ten years with rental properties. He has $3,000/month to invest, but will that be enough? Another rookie investor is considering the ultimate real estate portfolio to build: do you start with a single-family home and then move on to multifamily, or do something completely different? Dave and Henry both give a take that you might not expect. To end, we have a double debate: cash flow vs. appreciation (and which makes you richer) and existing vs. new-build rental properties (is a higher price worth fewer headaches?). Want to build wealth with real estate? Today’s answers might surprise you. 0:00 Intro 0:46 Financial Freedom in 5-10 Years? 8:09 Best Properties for Financial Freedom 9:51 Sponsor: RentRedi! 10:26 The Ultimate Investing Plan? 16:08 Cash Flow WON’T Make You Rich 24:06 Existing vs. New Build Rentals