From Wage Slave to Passive 1%er in Six Years with Zach Zimmer | Know Your Why #348
In this episode of the Know Your Why Podcast, host Dr. Jason Balara speaks with Zach Zimmer, who shares his inspiring journey from climbing the corporate ladder to achieving financial independence through real estate investing. Starting with rental properties and eventually expanding into syndications, Zach provides valuable insights into his strategies for building wealth while maintaining the security of a W-2 job.
Key Highlights:
- Calculated Risk-Taking: Zach explains how taking calculated risks and seizing opportunities can pave the way to financial independence.
- Staying Employed While Investing: Maintaining a W-2 job while building a real estate portfolio offers financial stability and a steady income stream.
- Rent-to-Own Strategy: Learn about Zach’s rent-to-own agreements for single-family homes, a strategy that can offer passive income but comes with risks related to tenant care.
- Diversifying Investments: Zach emphasizes the importance of diversifying across multiple asset classes, including oil and gas, apartments, and self-storage, to mitigate risks.
- Challenges in Real Estate: Real estate investing is not without its difficulties, including potential losses when trusting the wrong people in private equity deals.
- Building a Rental Portfolio: Creating a robust rental portfolio is a cornerstone strategy for achieving long-term financial independence.
- Coaching and Mentorship: Zach finds fulfillment in helping others achieve financial freedom by teaching and coaching them through their own real estate investment journeys.
Get in touch with Zach:
https://www.facebook.com/RealZachZimmer/
https://podcasts.apple.com/us/podcast/passive-income-life-7-figure-investing/id1735336077
Text TPL to 33777 to receive Zach’s five strategies to seven figure passive income
If you want to know more about Dr. Jason Balara and the Know your Why Podcast:
https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/