414 | House FIRE | Alan Corey

By ChooseFI

ChooseFI

12/12/22·1h 9m

In this episode: the value of a door, the hour FIRE method, tax breaks, focusing on income, and return on hassle.

Many of our listeners have tuned in to hear our guests discuss the real estate market, mortgages, and taxes as it relates to obtaining property. However, many of us on the road to FI may not realize how scaling the properties you own can actually act as a mutual fund-like portfolio. On this week’s episode we are joined by our new in-house real estate expert, author, and podcaster, Alan Corey. Alan sheds light towards what expanding your real estate portfolio can look like from from a larger standpoint, and how approaching investment from a spreadsheet rather than lifestyle point of view can ultimately offer greater returns in the long run. While we know many listeners may be apprehensive to consider investing in multiple or larger real estate properties, or how this may not seem like a feasible option, this episode is available to you to educate and offer the mental framework on how to approach real estate in a way that it can be achievable!

Alan Corey:

Website: realestatemaxi.com Podcast: Real Estate Maximalist Book: House FIRE: How to Be a Red–Hot Real Estate Millionaire with a Wealth of Time and Money

Timestamps:

1:57 - Introduction 2:48 - The Value Of A "Door" And The Business Behind It 8:21 - Navigating The Sea Of Options 16:35 - Reducing Vacancy Impact/Maximizing Potential 23:37 - Tax Breaks 29:54 - The House FIRE Method 39:33 - Focusing On Income 49:59 - Selling 50 Doors 61:19 - Return On Hassle/Million Dollar Value Properties 67:50 - Conclusion

Resources Mentioned In Today’s Episode:

"A Million Bucks by 30" by Alan Corey Coach Carson Paula Pant Subscribe to The FI Weekly!