Reaching financial independence and becoming a millionaire before the age of thirty?! While this path requires several years of ruthless saving, smart investing, and unwavering discipline, there’s no reason why YOU can’t enjoy financial freedom and attain the lifestyle you want!Shortly after graduating from college with over $50,000 in student loans, Franklin Zheng found himself working a grueling, eighty-hour-per-week factory job. Fortunately, it was also around this time that he discovered BiggerPocketsand decided to try his hand at real estate investing. He started attending local meetups, where he learned that simply getting in the same room with other investors presented all kinds of opportunities. It wasn’t long before Franklin had found his future investing partner, and in just FIVE years, he has built a cash-flowing real estate portfolio of thirty-eight units, as well as a business that has allowed him to leave his W2 job and travel the world!In this episode of the BiggerPockets Money podcast, you’ll get a glimpse of what it takes to achieve financial independence and amass a one-million-dollar net worth. Make no mistake—it’s not easy. Franklin will be the first to tell you that the last five years have been filled with all kinds of successes, challenges, and failures. But if he can do it, YOU can, too!In This Episode We CoverHow Franklin reached financial independence by thirty in just FIVE yearsWhat you MUST know before investing in commercial real estateFast-tracking your real estate journey through the power of local meetupsHow to start a real estate business that allows you to leave your W2 jobThe secret to forming successful real estate investing partnershipsHow to defer capital gains tax on your rental property with a 1031 exchangeAnd So Much More!Links from the ShowBiggerPockets Money Facebook GroupNetwork with Other Investors on The Path to FIRE Through the BiggerPockets ForumsFinance Review Guest OnboardingJoin BiggerPockets for FREEMindy on BiggerPocketsScott on BiggePocketsListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Find an Investor-Friendly Agent in Your AreaFind Investor-Friendly LendersProperty Manager FinderConnect with Franklin on BiggerPocketsSee Scott and Mindy at BPCON2024 in Cancun!Check Out the Top 100 Cash Flow MarketsFind a Local Real Estate MeetupFind Answers to Your Real Estate Questions on the BiggerPockets Forums00:00 Intro01:10 The 80-Hour Factory Job08:17 Real Estate Meetups & Partnerships16:48 Renting to Attorneys19:32 Selling the Office Building23:07 “Unicorn” Rentals & 38 Units!29:14 Starting the Lending Business32:47 Leaving His W2 & Traveling the World36:27 Put in the Work!Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-544Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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