Retired Early in 10 Years as a Single Dad Making $17/Hour!

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Retired Early in 10 Years as a Single Dad Making $17/Hour!

Рет қаралды 6,952

Real Estate Rookie

Күн бұрын

Пікірлер: 56

@janitoronfire Ай бұрын

Dion is different. He doesn’t want to be huge. Biggest bang for the buck.

@DionTalkFinancialFreedom Ай бұрын

Thank you. Exactly 😀

@lz6364 Ай бұрын

I really love his laid-back, modest approach. Nothing wrong with being big, but I love that he knows how he wants his love to go (god-willing). A comfortable life 😊😊😊:)

@janitoronfire Ай бұрын

@@lz6364 👍

@janitoronfire Ай бұрын

@@lz6364 Dion has way more than I’ll ever have and I’m still comfortable with what I have. It’s all about perspective.

@evstafievcoach Ай бұрын

I’m 45 in debt and this video is very inspiring! Damn youtube algorithm is good! 😂 Thank you the inspiration!

@DionTalkFinancialFreedom Ай бұрын

Thank you. You’ve got this.

@davidstephens9594 Ай бұрын

When I was calculating to see if my rental cash flow was enough to leave my W2, I also looked at the ability to focus my time more on growing the rental portfolio. So my cash flow wasn't twice as much as my W2 take-home like Dion suggested, but I knew that the time that I was getting back would allow me to 10x what I was making from my W2. For me, the time was more valuable than waiting to save more money from my W2. Thanks

@DionTalkFinancialFreedom Ай бұрын

That’s an awesome perspective

@jarodfranklin1081 Ай бұрын

Dion is the man! I watch everything he drops!

@DionTalkFinancialFreedom Ай бұрын

Thank you so much 😀

@soundsnags2001 Ай бұрын

Always learn so much from Dion

@DionTalkFinancialFreedom Ай бұрын

Thank you so much 😀

@edgonzalez186 Ай бұрын

This was GREAT. No BS and very relatable. Thanks to this man!

@DionTalkFinancialFreedom Ай бұрын

Thank you so much 😀

@Noah_Bacon Ай бұрын

Thank you for joining, Dion! It is always a real pleasure to chat with you my friend!!😄

@DionTalkFinancialFreedom Ай бұрын

Can’t wait to see you host more episodes. 😀

@miguelsalty Ай бұрын

Dion is a great investor, I enjoy his videos and the live streams

@DionTalkFinancialFreedom Ай бұрын

Thank you. 😀

@BT-jt1dj Ай бұрын

Same same

@PS3PS3PS3PS3 Ай бұрын

Dion is by far my favorite! Very simple strategy with low risk! I have no desire to own over a hundred units... I just want really good cash flow from the properties I own and purchase!

@DionTalkFinancialFreedom Ай бұрын

Thank you so much 😀

@OldGuyREI Ай бұрын

Dion should have a mentorship program, oh wait!, he does... He's a great teacher!

@DionTalkFinancialFreedom Ай бұрын

Thank you. Love your Van confessions videos. 😀

@OldGuyREI Ай бұрын

@@DionTalkFinancialFreedom Thank you That's my reflection time.

@JulioSilva-mt4rw Ай бұрын

So pleasing and easy to understand ❤❤❤

@DionTalkFinancialFreedom Ай бұрын

Thank you so much 😀

@steven_dekok Ай бұрын

Inspiring video!

@DionTalkFinancialFreedom Ай бұрын

Thank you. 😀

@jod5834 Ай бұрын

Thanks Dion!

@DionTalkFinancialFreedom Ай бұрын

Thank you. 😀

@Ms.K001 Ай бұрын

Dion rocks! Love seeing how someone coming from his position can become so successful 🎉

@DionTalkFinancialFreedom Ай бұрын

Thank you so much 😀

@rubayyatkhan Ай бұрын

What do you tell someone who says “putting 5% down payment with 7% interest rate you’ll never cashflow”

@Noah_Bacon Ай бұрын

Great question! I would say having a long term outlook on your investment will be your best bet. With rates being higher than the general populations normality of around 5%, you will need to reset your expectations of immediate return if you find a deal that has a price point not reflecting a cashflowing property. There are certainly deals out there that cashflow today with rates at 7%. Though you may not cashflow from day 1, analyzing your deals over a 5+ year horizon with opportunities to leverage your debt to 95% is a recipe for success in my opinion with rates where they are. You can reduce your expenses by house hacking at 5% down, have the ability to heloc/refinance in the future, see your property values increase, and then reinvest the capital creating infinite returns with your initial deposit growing exponentially. Don't let higher rates scare you from getting started!

@doingcodythingsyoutube Ай бұрын

Nice job Dion!

@DionTalkFinancialFreedom Ай бұрын

Thank you. 😀

@buzztune-ft6lc Ай бұрын

His passion for helping others get started and to retire early is huge. He answered all my questions on his livestreams on Tuesdays. Look forward to being in the graduate class of 2033

@DionTalkFinancialFreedom Ай бұрын

Thank you so much 😀

@PlayYourSongz Ай бұрын

Great video.

@DionTalkFinancialFreedom Ай бұрын

Thank you. 😀

@sidshri6080 Ай бұрын

Thanks Dion! I only make 200$ after mortgage PITI, HOA, hvac and other expenses (winterize, etc). I even cheaped out by not having termite insurance. How do you make 16000$ from 16 units? Blows my mind

@DionTalkFinancialFreedom Ай бұрын

A few reasons. 1) I recycle cash flow not capital. No heloc. No cash out refi. Never sold to 1031. 2) the binder strategy gets my tenants to ask me to raise the rents. 3) time. The first duplex has had ten years of rent ent appreciation. The next had 8!etc. 4) I call each year and find the best insurance quote and keep my deductible as high as possible. 5) I invest in a HCOL area so each unit cash flows more (but takes a larger down payment)

@laurasamaniego5937 Ай бұрын

Great content! So inspirational and educational. My takeaway: Househacking 💯, Get property insurance quotes every year with the highest deductible. By following these tips from Dion, I have saved so much money. His binder strategy helped me increase by cash flow💸 tremendously. I can't thank Dion enough for taking the time to share his knowledge.

@YusefWakeel Ай бұрын

How risky is it to get a duplex as a first property instead of a single family home? Would renting the rooms out individually still work for a multi family property or does this work better for single family properties? I’ve found two duplexes in my area. Both are under 400k and have 6 beds 4 baths. I make 70k, have 20k in HYSA, 20k in retirement accounts, no consumer debt, and 700+ credit score. I’m single so I’m flexible with where I live and who I live with. Currently I live at home so no rush, but in the long term definitely want property.