Episode summary
Rentals Helped Me Quit My W-2 (And Start My Own Business!)
Summary
Lindsay Barrientos built her real estate portfolio while working as a nurse in Los Angeles and investing out of state in northwest Indiana. She said the pivot started after COVID made her rethink nursing as a long-term career, and she used Google, BiggerPockets content, and small investor communities to learn how to buy rentals where her money went further.
Her first deal was a turnkey three-bedroom, two-bath house in Hammond, Indiana, bought with a 25% down conventional loan and rented for $1,400 a month. After letting that property run and saving the cash flow, she moved into Gary, Indiana, where she bought cheaper homes, added value, and used a property manager to handle most of the day-to-day work. She also described one failed rehab that suffered a fire, but the refinance still worked because the appraised value came back far above her total cost.
Over four years, she grew to 12 properties, including five seller-financed deals and one zero-down purchase. She now has an ADU in Los Angeles rented as a midterm, is building another ADU, and said real estate helped her leave her W-2 and launch her own psychiatric nurse practitioner business.
Key takeaways
- Lindsay Barrientos said she started investing in late 2022, after rates and prices had already risen, and still grew to 12 properties in four years.
- Her first Hammond, Indiana rental was bought with 25% down, rented for $1,400, and helped prove the strategy before she scaled.
- She said Gary, Indiana offered better cash flow, with one 800-square-foot house bought for $55,000, renovated for about $16,000, and rented for $1,100.
- Barrientos used creative financing on five of her 12 properties and said offering both cash and seller-finance terms improved her odds with motivated sellers.
- Real estate income and house hacking gave her the flexibility to quit her W-2 job and start her own psychiatric nurse practitioner business.
Notable quotes
“I live in LA. I'm a nurse and I've been working as a nurse for, you know, 14 16 years now”
“But when I became extremely distressed and like depressed and reached for therapy and medication and got out of that hump, I decided like I have to find something else”
“I did buy a three-bedroom, two bath single family home, 25% down conventional loan”
“I took it like it was an additional bill. So, I just pocketed whatever income I had from the property”
“the last five had been creative seller financing and the last one was a 0% down deal”
Topics
- rental property investing
- quitting a w-2 job
- house hacking
- real estate scaling
- seller financing
Companies and tickers mentioned
- Baselane
Watch the episode
Watch “Rentals Helped Me Quit My W-2 (And Start My Own Business!)” on YouTube
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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