How to Buy 4 Rental Properties by 40 Years Old

Four rentals by 40 years old. That's all you need to cement a comfortable retirement or even retire early. If you can achieve this, you'll be significantly wealthier, and I'm talking millions of dollars wealthier than the average American. Plus, you'll have passive income to support yourself in retirement instead of just a Social Security check. Getting to four rentals is a huge deal. And today, I'm gonna share the four step plan anyone can use to build a small but powerful rental portfolio that accelerates their timeline to retirement or at least makes them a heck of a lot richer. In the example I'm sharing today, buying only four rental properties, even if you stop there and do nothing else, would increase your net worth by $3,300,000 by the time you're ready to retire. And if you're already 40 or you're over 40, don't worry. You can follow the same steps and map out your own retirement timeline using the walk through I'm gonna share with you today. So you don't need a dozen properties. All you need is four. This is how you get there. What's up, everyone? I'm Dave Meyer, chief investment officer at BiggerPockets. Today on the show, I'm showing you how acquiring only four rental properties by age 40 can completely transform your financial trajectory. We're gonna dive right in with an example of how this works step by step. And this is a plan almost anyone can follow, and, actually, it's pretty similar to the types of properties and the timeline I personally followed on my own journey to financial freedom. And I'm sure there are some people out there listening to this who want to scale all the way up to dozens or even hundreds of properties, which is cool if you wanna do that. But I think four properties gets most people where they want to go by retirement. So we're just gonna talk through the first four steps. And if you wanna keep growing from there, great. But these four steps will set you up for a successful career whether you wanna go big or not. Alright. Let's jump into our first property. My recommendation for almost everyone out there is to buy an owner occupied property for your first deal. The idea behind this first deal is not to hit a home run or to get a huge amount of cash flow. The idea here is to set yourself up so that you're saving additional money and you're starting to build equity in your home. And you're gonna use those two things, your increased savings and the equity that you build in this first deal to go buy your second deal, your third deal, and your fourth deal. So don't think that you're gonna have to save up a new down payment for each of these four properties. Each deal that you do should help your next deal become easier. So, again, for this first deal, you're gonna wanna do …