Making $2,400/Month Cash Flow and Getting Rich Slowly with “Boring” Rentals

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 24 March 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want the time-tested investing strategy that will make you rich 10, 20, or 30 years from now? Despite market uncertainty, buying rentals is still a savvy move if you’re playing the long game. That’s what today’s guest is doing—using a mix of steady cash flow and appreciation to reach financial freedom! Welcome back to the Real Estate Rookie podcast! After a bad experience with a financial advisor, Anthony Finger decided to take control of his investments. He started with everyone’s favorite “boring” investment, index funds, and before long, he had brought his slow and steady approach over to real estate—buying seven long-term rentals over seven years. Today, his real estate portfolio brings in $2,400 in monthly cash flow, and Anthony has already built up over $600,000 in total equity! The conservative approach might not be as “sexy” as Airbnb or as exciting as flipping houses, but it’s a surefire way to build wealth with real estate. Tune in as Anthony shares the perks of investing in your own backyard, the benefits of buying turnkey rentals, and the secret to buying new construction at a discount! In This Episode We Cover: How Anthony scaled “slowly” to seven properties in seven years “Safe” investments that will put you on the path to financial freedom Building a stable portfolio with low-maintenance, turnkey rental properties How to achieve a mix of equity and cash flow in THIS housing market The benefits of investing in your own backyard (and when to look elsewhere!) The crucial mindset shift you need to succeed in real estate And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Follow Real Estate Rookie on Instagram Ask Your Question for a Future Rookie Reply “Like” Real Estate Rookie on Facebook BiggerPockets Calculators Rent to Retirement Anthony's Instagram Get Your Tickets to BPCON2025 in Las Vegas, Nevada Grab “The Book on Rental Property Investing” Sign Up for the Real Estate Rookie Newsletter Property Manager Finder Real Estate Rookie 123 - “Building” Wealth as a 24-Year-Old with 12 New Construction Projects Connect with Anthony (00:00) Intro (00:51) Buying His First Rental (05:30) Crucial Mindset Shift (09:34) Anthony’s Portfolio (14:45) Tough Lessons Learned (21:44) Scaling “Slowly” (28:25) Cash Flow AND Equity (35:09) Connect with Anthony! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-539 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	With the market feeling so uncertain these days, one of the best strategies to deal with it is boring investing.
0:07.8	It feels kind of amazing to accumulate a lot of assets in a short amount of time, but for the average investor, buying slow and holding can be the best path to financial freedom.
0:25.2	This is the Real Estate Rookie podcast, and I'm Ashley Care.
0:26.5	And I'm Tony J. Robinson.
0:31.4	And today we have a Ricky who pursued what he calls a boring investing strategy that turned his life into a life-changing amount of equity and cash flow.
0:34.9	Anthony, welcome to the show.
0:39.0	Thank you so much for joining us today.
0:43.5	Thanks, Ashley. Thanks, Tony. It's a pleasure to be here. Longtime listener, you know, Bigger Pockets original podcast, and you guys spun off to all these different ones. And yeah, I've enjoyed,
0:47.8	I've consumed all the content and just really honored to be here. So thank you.
0:51.9	Well, we are very excited to have you on. So we learned a
0:55.0	little bit about you and you actually did a lot of learning and education about stock market investing.
1:00.9	And you kind of during this time saw the potential of how long-term rentals could accelerate your
1:07.3	financial wealth. So can you start off with telling us, maybe share a little on your
1:11.9	outlook and how you bought your first rookie deal? My investing journey starts way back in 2015.
1:17.9	Wife and I, you know, young, no kids at that point, starting our careers, making more than we
1:23.0	could spend, started stashing up some money. We had about $10,000 to our name back then.
1:27.3	And I was like,
1:27.8	okay, well, conventional wisdom says, go find a financial advisor, you know, start investing this
1:33.5	money. And so we went with Edward Jones advisor down the street, gave him $10,000 in 2015. And then
1:40.8	one year later, we had $10,000. And it was at that point where I was like, this doesn't seem quite right.
1:50.3	And so that was really what catapulted me into the self-education journey that I went on,
1:56.2	where I ended up taking all my money out of that financial advisor, went to Vanguard, opened
	...

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