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The speaker is an active real estate investor who shares their five-year plan for achieving financial freedom through real estate investing. They explain that the current market is shifting, but this is a good thing as it provides more opportunities to buy discounted properties and good deals. The first year is all about learning and connecting, while the second year is focused on building and strengthening relationships with contractors, hard money lenders, wholesalers, and real estate agents. By the end of the second year, the goal is to have eight rental properties that are all cash flowing. In year three, the goal is to do three wholesales, two flips, and have ten rental properties that are all cash flowing. By year five, the goal is to have 38 rental properties that are all cash flowing, earning an average of $250-$300 per month, resulting in a passive income of $10,000 per month, which is enough to retire comfortably. The speaker emphasizes the importance of building relationships with private lenders, hard money lenders, and banks, and suggests having multiple contractor teams in place. The plan is achievable with dedication and hard work and can result in a net worth of several million dollars within ten years.
The speaker is an active real estate investor who shares their five-year plan for achieving financia