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Episode #596 Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus! https://www.baselane.com/lp/bigger-pockets/?utm_source=bigger_pockets&utm_campaign=bigger_pockets&utm_medium=YT-rookie Get Your Tickets to BPCON2025 in Las Vegas, Nevada: https://get.biggerpockets.com/conference/?utm_source=youtube&utm_medium=description&utm_campaign=none Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Grab the Book, “Scaling Smart”: https://store.biggerpockets.com/products/scaling-smart?utm_source=youtube&utm_medium=description&utm_campaign=non Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch Investor Update: The “10 Deals on $20K/Year” Investor’s Explosive Growth: https://www.biggerpockets.com/blog/real-estate-674?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Matt: https://www.biggerpockets.com/users/mattk537?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/ashkehr?utm_source=youtube&utm_medium=description&utm_campaign=none Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none Most people think money is the biggest barrier to buying rental properties—it’s not! Inaction is what keeps most rookies on the sidelines. Today’s guest was making $35,000 a year and had very little money saved, yet found a way to buy his first property. Since then, he has built an 11-property rental portfolio and walked away from his W2 job. If he can do it, you can, too! Welcome back to the “Real Estate Rookie” podcast! With just a $35,000 salary to support himself, his wife, and a baby on the way, Matt Krueger knew he needed to make changes to forge a better future for his young family. Thankfully, his in-laws had modeled the power of real estate investing, having retired with rentals many years earlier. So, Matt took action—hunting down his first property and negotiating until he was all in for just $2,500! Feel like money is getting in the way of your first deal? It doesn’t have to! In this episode, Matt shares the “hacks” he used to lower his down payment and closing costs. He also talks about how pivoting to short-term rentals fast-tracked his financial goals and the moment he realized he could ditch his nine-to-five! 00:00 Intro 00:55 Life Before Real Estate 03:27 Matt’s Portfolio & First Property 08:08 Sponsor: Baselane! 09:06 Buying MORE Rentals 14:05 Matt’s Buy Box 21:22 The Power of Equity 23:29 Pivoting to Short-Term Rentals 26:26 Leaving His W2 Job 32:52 Self-Management 101 35:35 Connect with Matt!