466: Buying “Lottery Ticket” Investment Properties with Alan Corey 01:20:00

    <p><strong>Alan Corey</strong> has had an interesting career to say the least. He’s been an IT worker, a comedian, an author, a real estate investor, and even a <a href="https://www.youtube.com/watch?v=ZWyDT8dBdQw&amp;ab_channel=AlanCorey">reality TV star</a>. Alan has always been fascinated with <strong>making passive income in a frugal, but very intelligent way</strong>. He’s so frugal in fact, that he <strong>made up a crazy story to be on the Jerry Springer show</strong>, just to get a free trip to Chicago out of it. Talk about being committed!</p><p>Alan’s real estate story starts off with buying a 1 bedroom apartment in Brooklyn, New York, <strong>hanging up a curtain in the living room, and </strong><a href="https://www.biggerpockets.com/blog/2013-11-02-hack-housing-get-paid-live-free"><strong>house hacking</strong></a>. He then repeated this strategy over and over again, <strong>becoming a millionaire before 30 years old</strong>, with a lot of property and “good debt”. Alan is part of the <a href="https://www.biggerpockets.com/blog/fire-financial-independence-retire-early"><strong>FIRE (financial independence retire early) community</strong></a>, but instead of investing mainly in stocks, he does so in real estate.</p><p>His strategy is simple: buy a rental property for every bill you have, then start inventing “fun bills” as excuses to buy more rental property. Whether you’re looking to<strong> pay off your phone bill every month, or finance your brand new Tesla</strong>, this strategy will work for you. Alan also “hides money from himself” so he can be better off in the future. Right now he’s sitting on around<strong> $8,000,000 of real estate</strong> solely from his own investments.</p><p><strong>His new book </strong><a href="https://www.amazon.com/dp/B091BPL2N4/ref=dp-kindle-redirect?_encoding=UTF8&amp;btkr=1"><strong><em>House FIRE</em></strong></a> teaches you everything you need to know about retiring early with real estate!</p><p>In This Episode We Cover:</p><ul>

Links from the Show

• BiggerPockets Forums
• BiggerPockets Pro Membership
• BiggerPockets Youtube Channel
• Alan Corey's Video Sampler
• Dave Ramsey
• BiggerPockets Podcast 344: “No Money” Real Estate Investing with Gabriel Hamel
• BiggerPockets Business Podcast 13: 3 Rules for Crushing It in Business with ‘Shark Tank’ Star Barbara Corcoran
• Shark Tank

Check the full show notes here: https://www.biggerpockets.com/show466

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