Can rental properties replace your W2 income, lead you to financial freedom, and help you build multimillion-dollar wealth in the process? Yes, and Grant Francke is proof you can do it in a few years or less. After the burnout of forty-eight-hour shifts as a railroad conductor (yes, you read that right) left him searching for an escape, Grant stumbled upon real estate investing and the BiggerPockets Real Estate podcast. Within three years, he built up enough cash flow to quit his job and never looked back. In today’s show, Grant walks through the “boring,” stable, and safe rental property investments that have led him to complete financial freedom. He’ll touch on the first duplex he bought, why Grant prefers multifamily real estate to single-family homes, reverse-engineering your financial freedom to calculate HOW many rentals you need, and the sacrifices he had to make to get there. If you’re tired of missing out on time with your family, children, or friends and want to start living life on YOUR schedule while making MORE money than you would at your job, this is the place to start! In This Episode We Cover How to replace your W2 income with real estate investing Calculating your financial freedom number and how much cash flow you’ll need to quit How to test whether or not you CAN live without your W2 salary Why Grant prefers the safety of multifamily rentals compared to single-family rentals Financing and funding your first rentals and what to do when you start scaling FAST The “controlled growth” strategy Grant uses to safely build wealth and make more passive income And So Much More! Links from the Show Join BiggerPockets for FREE Grab Your Copy of “Rich Dad Poor Dad” Find Investor-Friendly Lenders See Henry at BPCON2024 in Cancun! 4 Serious Points to Consider Before Quitting Your Miserable Job to Invest (00:00) Intro (02:02) 48 Hour Shifts!? (03:17) Replacing His Salary (10:21) Quitting and Buying First Rentals (17:33) Current Portfolio and Financing (21:19) Real Deal Review (24:37) Scaling with “Controlled Growth” (30:39) Replace YOUR W2 Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-996 Interested 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/adchoices

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