In this episode, we dive into Casey Franchini's journey of earning $140,000 a year from just eight rental properties, all while being a stay-at-home mom! 👩👧👦🏡 Casey shares how she managed to create financial freedom through single-family rentals and building wealth—all without working a traditional 9-to-5 job. 💼
Casey’s story is one of perseverance and grit. She moved from Southern California to Memphis, TN, and decided to take control of her family’s financial future by investing in rental properties. 📈 In this episode, she breaks down how she achieved time freedom and provides practical tips on getting started in real estate while juggling family responsibilities. 👨👩👧👦
🌟 Casey also talks about her coaching program and how she has helped her students purchase over 100 properties across various markets. She emphasizes the importance of finding the right properties and maintaining a balanced life while running a real estate business. 📚 If you're thinking about how to create passive income through real estate while balancing life’s demands, this episode is packed with valuable insights! 💡
🎯 **Key Highlights**:
• Casey went from a failed job to a stay-at-home mom, building a $140K rental income portfolio. 🏘️
• Balancing family, she found, bought, and managed rentals while raising kids. 🏡👩👧👦
• Casey shares mindset shifts that helped her overcome fear and start in real estate. 💪
• Step-by-step, she explains how she researched markets, analyzed deals, and closed her first rental. 💼💸
🏘️ Real Estate Transaction Discussed During the Show:
Casey shared one of her favorite real estate transactions—a house she purchased off-market thanks to word of mouth. 🏡 She connected with a neighbor near one of her existing properties, who decided to sell her house. Casey bought the home for $170,000, signed the deal right on top of a trash can! 🗑️✍️ This transaction highlights the importance of networking and building relationships with neighbors and tenants.Another notable transaction Casey discussed involved a property where her client purchased a rental in Memphis, TN, for $67,000. They invested time and effort to get the property cash flowing at a steady rate. 📊 The deal demonstrates how important it is to act quickly and secure good deals when they come up. 💰
🛠 Coaching Round Recap:
• Taking Action Consistently: Casey emphasizes that success in real estate doesn’t happen overnight. She advises her students to start small, with one rental at a time, and take consistent action. 📅
• Building a System: Casey teaches her students to build a repeatable process that allows them to save up from rental cash flow and reinvest it in more properties. 🏡📈
• Balancing Family and Business: A big part of Casey’s message is about maintaining balance between business and personal life. She encourages taking time for family, ensuring that your business doesn’t take over your life. 🧘♀️🏖️
📚 Top Book Recommendation:
Casey recommends "The Power of the Subconscious Mind" by Joseph Murphy. 📖 This book helped her realize the importance of mindset in achieving her goals, transforming her approach to real estate and life. It taught her that success starts from within and that mindset is key to breaking through limitations. 🔑
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