Carmen and Jordan speak with Dan Warren about how he could quit his job through his investment in income property on today’s episode. Dan shares details about how he started saving his money at such a young age and how those savings allowed him to purchase his first property. He goes on to describe how he acquired his many other properties, especially his student rental properties, and review his strategies for purchasing them and how these were financed. Carmen explains how Pro Funds can help with financing such purchases, Jordan shares some valuable advice for those looking to follow Dan’s example, and together, they all explore a case study of one of his student rentals. Dan also shares just what his life is like, having retired at age 36. If you find the prospect of retiring early appealing as well, you will definitely want to listen in to this inspiring and informative episode today.

Episode Highlights:

• What prompted Dan to start saving at such a young age
• How he acquired his properties
• His student rentals
• The strategies he used to purchase his property purchases
• Financing his purchases
• The ways in which Pro Funds can help with financing
• A case study of one of Dan’s student rentals
• What Dan’s life is like in retirement
• Jordan’s advice for those interested in following Dan’s example

Quotes:

“I didn’t actually care for working, to tell you the truth.”

“I always wanted to save my money. I didn’t know what I was saving it for, though.”

“I didn’t know anything about real estate - knew nothing.”

“This is a way to make money.”

“It’s interesting how unfortunate circumstances are sometimes an opportunity to acquire real estate.”

“You saw that opportunity there, right, that I think a lot of people were maybe too afraid to see.”

“Tenant selection is very important…I keep a good eye on my properties.”

“It would have been good if I’d have come here a month ago!”

“It’s amazing cash flow.”

“If the deals are there, I’m going to acquire more.”

Links:

30 Minutes to Wealth homepage: https://www.30minutestowealth.com/

Pro Funds Mortgages homepage: https://www.profunds.ca/