809: How 1 Rental Property Saved Corey Kent’s Financial Future
Just six years ago, Corey Kent was a broke college graduate, renting out half of a room to save money, eating the same meal every day of the week. His dream was to make a living as a musician without selling out. Now, most country music fans know Corey's name and his platinum record speaks for itself. But what you don’t know is that Corey fueled his music career thanks to a handful of properties he bought years ago.
Corey’s side project real estate portfolio allowed him to launch his music career, make passive income when times got tough, and fall on his feet when the world was shut down. Corey was looking to invest in property at just seventeen years old, but when a bank turned him away, he had to change his entire mindset and learn the personal finance game from a very early age.
After his grandfather taught him the do’s and don’ts of buying raw land, Corey slowly built his real estate portfolio. At this time, Corey was below the poverty line, sleeping in his truck and saving whatever money he could to invest. He continued to buy property, EVEN when times were tight, successfully using his passive income to help him leapfrog into later becoming a chart-topping musician who now can follow his one true passion.
In This Episode We Cover:
Investing in real estate when you have low (or no) credit
Buying land and the rule of thumb that Corey ALWAYS follows before he invests
Corey’s “side project” passive real estate portfolio that helps pay for his lifestyle
How one rental property saved Corey’s family when the lockdowns began
Why real estate DOESN’T need to be your passion to build passive income
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
12 Ways To Make Passive Income From Real Estate Investing
The Risks and Rewards of Investing in Raw Land
Is Raw Land the Most Underrated Asset of 2023?
Connect with Corey:
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-809
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