Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus!
https://www.baselane.com/lp/bigger-pockets/?utm_source=bigger_pocketsu0026utm_campaign=bigger_pocketsu0026utm_medium=YT-M

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 the Personal Finance Classic, _Rich Dad Poor Dad_ :
https://store.biggerpockets.com/products/rich-dad-poor-dad?utm_source=youtubeu0026utm_medium=descriptionu0026utm_campaign=none

Sign Up for the BiggerPockets Real Estate Newsletter:
https://www.biggerpockets.com/email-subscribe?utm_source=youtubeu0026utm_medium=descriptionu0026utm_campaign=none

Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders

Late Starter’s Guide to Real Estate (Start in Your 40s!):
https://www.biggerpockets.com/blog/real-estate-1155?utm_source=youtubeu0026utm_medium=descriptionu0026utm_campaign=none

Connect with Neil:
https://www.biggerpockets.com/users/neilw10?utm_source=youtubeu0026utm_medium=descriptionu0026utm_campaign=none

Connect with Henry:
https://www.biggerpockets.com/users/henryw22?utm_source=youtubeu0026utm_medium=descriptionu0026utm_campaign=none

At age 47, Neil Whitney and his wife were living paycheck to paycheck—one bad day away from losing everything. Now, less than ten years later, he’s financially free with $8,000/month in passive income from rentals.

Neil started with almost no money, promising his wife he would keep their life savings untouched while investing. He picked up side gigs, drove for Uber for a year and a half, and saved anything he could to buy a rental. And once he got his first rent check, everything changed for Neil and his family.

Neil is now a millionaire in his 50s, thanks to “boring rentals,” all in affordable price ranges ($200K or under homes!). Once paid off, his rental portfolio will make him over $20,000 per month. In his own words, “If I can do this, anyone can do this.” Today, he shares the steps he took, how he finds the best tenants, and how to use rentals to fund the dream life you’ve always wanted (new cars, overseas trips, and more).

So if you’re in your 40s, 50s, or 60s and thinking it’s too late for you to turn your life around and get to financial freedom, Neil is ready to prove you wrong.

00:00 Intro
01:11 A BIG Wake-Up Call at 47
04:38 Ubering for a Down Payment
06:01 First Rental for $14K Down
08:20 Sponsor: Baselane
08:53 Using Home Equity to Invest
12:04 Assets PAY For Liabilities
13:17 Current Rental Portfolio
17:15 Retiring on Rentals ($20K/Month!)
19:46 $200K Rentals ARE Worth It!
27:07 New Investors – Hear This!
31:49 Changing His Family’s Path